New Risk • Aug 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -฿892m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿892m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 34% per year over the past 5 years. Reported Earnings • Aug 07
Second quarter 2026 earnings released: ฿0.004 loss per share (vs ฿0.012 loss in 2Q 2025) Second quarter 2026 results: ฿0.004 loss per share (improved from ฿0.012 loss in 2Q 2025). Revenue: ฿4.09b (up 37% from 2Q 2025). Net loss: ฿89.9m (loss narrowed 71% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jun 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.31b (US$99.3m) 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 35% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.31b market cap, or US$99.3m). Reported Earnings • May 11
First quarter 2026 earnings released: ฿0.003 loss per share (vs ฿0.012 loss in 1Q 2025) First quarter 2026 results: ฿0.003 loss per share (improved from ฿0.012 loss in 1Q 2025). Revenue: ฿4.17b (up 81% from 1Q 2025). Net loss: ฿75.0m (loss narrowed 75% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • May 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.06b (US$95.1m) 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.06b market cap, or US$95.1m). Reported Earnings • Mar 01
Full year 2025 earnings released: ฿0.04 loss per share (vs ฿0.04 loss in FY 2024) Full year 2025 results: ฿0.04 loss per share (in line with FY 2024). Revenue: ฿10.9b (down 9.1% from FY 2024). Net loss: ฿1.03b (loss widened 1.0% from FY 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 08
Third quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.015 loss in 3Q 2024) Third quarter 2025 results: ฿0.01 loss per share (improved from ฿0.015 loss in 3Q 2024). Revenue: ฿2.69b (down 9.5% from 3Q 2024). Net loss: ฿244.1m (loss narrowed 35% from 3Q 2024). 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 28% per year, which means it is significantly lagging earnings. New Risk • Oct 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.06b (US$93.0m) 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 Less than 1 year of cash runway based on free cash flow trend (-฿914m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.06b market cap, or US$93.0m). New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.06b (US$94.8m) 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 Less than 1 year of cash runway based on free cash flow trend (-฿914m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.06b market cap, or US$94.8m). Reported Earnings • Aug 08
Second quarter 2025 earnings released: ฿0.012 loss per share (vs ฿0.008 loss in 2Q 2024) Second quarter 2025 results: ฿0.012 loss per share (further deteriorated from ฿0.008 loss in 2Q 2024). Revenue: ฿3.01b (flat on 2Q 2024). Net loss: ฿310.9m (loss widened 46% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.06b (US$94.1m) 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 Less than 1 year of cash runway based on free cash flow trend (-฿892m free cash flow). Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (฿3.06b market cap, or US$94.1m). Reported Earnings • May 10
First quarter 2025 earnings released: ฿12.00 loss per share (vs ฿0.002 loss in 1Q 2024) First quarter 2025 results: ฿12.00 loss per share (further deteriorated from ฿0.002 loss in 1Q 2024). Revenue: ฿2.31b (down 34% from 1Q 2024). Net loss: ฿293.5m (loss widened 460% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 15
G J Steel Public Company Limited, Annual General Meeting, Apr 25, 2025 G J Steel Public Company Limited, Annual General Meeting, Apr 25, 2025, at 13:30 SE Asia Standard Time. Reported Earnings • Mar 01
Full year 2024 earnings released: ฿0.04 loss per share (vs ฿0.019 loss in FY 2023) Full year 2024 results: ฿0.04 loss per share (further deteriorated from ฿0.019 loss in FY 2023). Revenue: ฿12.0b (down 4.3% from FY 2023). Net loss: ฿1.02b (loss widened 107% from FY 2023). 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 40% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 27
G J Steel Public Company Limited Announces Change of the Chairman of the Management Committee G J Steel Public Company Limited announced that the resolutions of the Board of Directors' Meeting No. 2/2568 (the "Meeting"), held on 27 February 2025, which resolved to approve the appointment of Mr. Hideki Ogawa as Chairman of the Management Committee, with effect from 27 February 2025, replacing Mr. Bantoon Juicharern who has retired. The Management Committee shall comprise of the following 6 members: Mr. Hideki Ogawa Chairman of the Management Committee; Mr. Yasuhiro Sakamoto, Management Committee Member; Mr. Toshikazu Mukaiyama, Management Committee Member; Mr. Yoshifumi Tokita, Management Committee Member; Mr. Hiroshi Ebina, Management Committee Member; Mr. Rajeev Jhawar, Management Committee Member. New Risk • Jan 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.31b (US$95.8m) 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿3.31b market cap, or US$95.8m). Reported Earnings • Nov 13
Third quarter 2024 earnings released: ฿0.015 loss per share (vs ฿0.001 loss in 3Q 2023) Third quarter 2024 results: ฿0.015 loss per share (further deteriorated from ฿0.001 loss in 3Q 2023). Revenue: ฿2.97b (down 11% from 3Q 2023). Net loss: ฿375.3m (loss widened ฿359.7m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2024 earnings released: ฿0.008 loss per share (vs ฿0.013 loss in 2Q 2023) Second quarter 2024 results: ฿0.008 loss per share (improved from ฿0.013 loss in 2Q 2023). Revenue: ฿2.98b (up 8.7% from 2Q 2023). Net loss: ฿213.3m (loss narrowed 33% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • May 10
First quarter 2024 earnings released: ฿0.002 loss per share (vs ฿0.001 loss in 1Q 2023) First quarter 2024 results: ฿0.002 loss per share (further deteriorated from ฿0.001 loss in 1Q 2023). Revenue: ฿3.51b (down 3.5% from 1Q 2023). Net loss: ฿52.4m (loss widened 61% from 1Q 2023). 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. Reported Earnings • Mar 01
Full year 2023 earnings released: ฿0.019 loss per share (vs ฿0.12 loss in FY 2022) Full year 2023 results: ฿0.019 loss per share (improved from ฿0.12 loss in FY 2022). Revenue: ฿12.6b (down 28% from FY 2022). Net loss: ฿491.7m (loss narrowed 84% from FY 2022). 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. Reported Earnings • Nov 09
Third quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0.003 loss in 3Q 2022) Third quarter 2023 results: ฿0.001 loss per share (improved from ฿0.003 loss in 3Q 2022). Revenue: ฿3.36b (down 4.5% from 3Q 2022). Net loss: ฿15.7m (loss narrowed 82% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: ฿0.013 loss per share (vs ฿0.012 profit in 2Q 2022) Second quarter 2023 results: ฿0.013 loss per share (down from ฿0.012 profit in 2Q 2022). Revenue: ฿2.74b (down 50% from 2Q 2022). Net loss: ฿319.9m (down 205% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Reported Earnings • May 13
First quarter 2023 earnings released: ฿0.001 loss per share (vs ฿0.018 profit in 1Q 2022) First quarter 2023 results: ฿0.001 loss per share (down from ฿0.018 profit in 1Q 2022). Revenue: ฿3.63b (down 28% from 1Q 2022). Net loss: ฿32.5m (down 107% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • May 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be ฿0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Yingsak Jenratha was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: ฿0.012 (vs ฿0.031 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.012 (down from ฿0.031 in 2Q 2021). Revenue: ฿5.54b (up 17% from 2Q 2021). Net income: ฿304.3m (down 61% from 2Q 2021). Profit margin: 5.5% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 25
G J Steel Public Company Limited Appoints Rajeev Jhawar as Chief Compliance and Legal Officer, with Effect from 1 July 2022 We, G J Steel Public Company Limited disclosed the resolutions of the Board of Directors Meeting No. 6/2565, held on 24 June 2022, where the Meeting has resolved to approve the appointment of Mr. Rajeev Jhawar, Chief Financial Officer as a Chief Compliance and Legal Officer of the Company as another position, with effect from 1 July 2022. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ฿0.018 (vs ฿0.011 in 1Q 2021) First quarter 2022 results: EPS: ฿0.018 (up from ฿0.011 in 1Q 2021). Revenue: ฿5.08b (up 45% from 1Q 2021). Net income: ฿470.6m (up 74% from 1Q 2021). Profit margin: 9.3% (up from 7.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Yingsak Jenratha was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 31
G J Steel Public Company Limited, Annual General Meeting, Apr 29, 2022 G J Steel Public Company Limited, Annual General Meeting, Apr 29, 2022, at 09:30 SE Asia Standard Time. Agenda: To consider to acknowledge the company's operating results for the year 2021 ended December, 31 2021; to consider and approve the audited financial statements for the year 2021 ended December 31, 2021; to consider and approve the appropriation of net profit as legal reserve and the suspension of distribution of dividend payment from the company's 2021 operating results ended on December 31, 2021; to consider and approve the appointment of the auditor and the determination of the remuneration for the fiscal year 2022 ended December 31, 2022; to consider and approve the election of the directors in replacement of the directors who retire by rotation; to consider and approve the determination of director's remuneration for the year 2022; and to consider other business, if any. Tillkännagivande • Mar 01
G J Steel Public Company Limited Announces Change of Management and Management Committee Members G J Steel Public Company Limited, at the board meeting held on 24 February 2022 approved the appointment of the following names as a Company's Management and ManagementCommittee members with effect from 1 April 2022 onwards. Mr. Yasuhiro Sakamoto- Chief Operating Officer and Mr. Toshikazu Mukaiyama- Head of CEO Office & Corporate Planning and Chief Marketing Officer. The Management Committee shall comprise of the following 4 members; Mr. Bantoon Juicharern Chairman of the Management Committee; Mr. Yasuhiro Sakamoto, Mr. Toshikazu Mukaiyama and Mr. Rajeev Jhawar as Management Committee Members. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.13 (up from ฿0.024 loss in FY 2020). Revenue: ฿18.5b (up 61% from FY 2020). Net income: ฿3.18b (up ฿3.78b from FY 2020). Profit margin: 17% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ฿0.046 (vs ฿0.007 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿5.63b (up 81% from 3Q 2020). Net income: ฿1.16b (up ฿1.34b from 3Q 2020). Profit margin: 21% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.031 (vs ฿0.007 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿4.72b (up 70% from 2Q 2020). Net income: ฿788.6m (up ฿967.6m from 2Q 2020). Profit margin: 17% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿3.51b (up 30% from 1Q 2020). Net income: ฿270.4m (up ฿596.7m from 1Q 2020). Profit margin: 7.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 24
G J Steel Public Company Limited, Annual General Meeting, Apr 26, 2021 G J Steel Public Company Limited, Annual General Meeting, Apr 26, 2021, at 09:30 SE Asia Standard Time. Location: Mandarin AB, 1st Floor, Mandarin Hotel Bangkok, at No. 662 Rama IV Road, Bang Rak Bangkok Thailand Agenda: To acknowledge the Company's operating results for the year 2020 ended 31 December 2020; To consider and approve the Audited Financial Statements for the year 2020 ended 31 December 2020; To consider and approve the suspension of the allocation of profit as legal reserve and the suspension of dividend payment from the Company's 2020 operating results ended on 31 December 2020; To consider and approve the appointment of the auditor for the Financial Statements for the year 2021 ended 31 December 2021 and the determination of the remuneration; To consider and approve the election of the directors in replacement of the directors who retire by rotation To consider and approve the determination of directors' remuneration for the year 2021; and to consider Other business (if any). Reported Earnings • Feb 24
Full year 2020 earnings released: ฿0.024 loss per share (vs ฿0.063 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ฿11.5b (down 12% from FY 2019). Net loss: ฿605.3m (loss narrowed 55% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% 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. Is New 90 Day High Low • Jan 07
New 90-day high: ฿0.22 The company is up 175% from its price of ฿0.08 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period. Reported Earnings • Nov 10
Third quarter 2020 earnings released: ฿0.007 loss per share The company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: ฿3.12b (flat on 3Q 2019). Net loss: ฿180.3m (loss narrowed 58% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.