Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (4.6%). Declared Dividend • Mar 02
Final dividend of ฿0.14 announced Shareholders will receive a dividend of ฿0.14. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Tillkännagivande • Feb 28
Jubilee Enterprise Public Company Limited Proposes Cash Dividend for the Operating Period from 01 July, 2025 to 31 December, 2025, Payable on 15 May, 2026 Jubilee Enterprise Public Company Limited at the Annual General Meeting of Shareholders to be held on 22 April, 2026 proposed cash dividend of THB 0.14 per share for the operating period from 01 July, 2025 to 31 December, 2025. Date of Board resolution is 25 February, 2026; Record date for the right to receive dividends: 05 May, 2026; Ex-dividend date is 30 April, 2026; Payment date is 15 May, 2026. Tillkännagivande • Feb 26
Jubilee Enterprise Public Company Limited, Annual General Meeting, Apr 22, 2026 Jubilee Enterprise Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: ฿0.095 (vs ฿0.14 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.095 (down from ฿0.14 in 3Q 2024). Revenue: ฿266.4m (down 19% from 3Q 2024). Net income: ฿16.6m (down 31% from 3Q 2024). Profit margin: 6.2% (down from 7.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 37% per year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.10 (vs ฿0.22 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.10 (down from ฿0.22 in 2Q 2024). Revenue: ฿272.5m (down 24% from 2Q 2024). Net income: ฿17.8m (down 54% from 2Q 2024). Profit margin: 6.5% (down from 11% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 38% per year. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.15 (vs ฿0.23 in 1Q 2024) First quarter 2025 results: EPS: ฿0.15 (down from ฿0.23 in 1Q 2024). Revenue: ฿290.5m (down 15% from 1Q 2024). Net income: ฿26.1m (down 36% from 1Q 2024). Profit margin: 9.0% (down from 12% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (3.7%). Declared Dividend • Mar 02
Final dividend of ฿0.14 announced Shareholders will receive a dividend of ฿0.14. Ex-date: 30th April 2025 Payment date: 16th May 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings have declined by 7.0% 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 Risk Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿1.53b market cap, or US$44.9m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ฿0.14 (vs ฿0.29 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.14 (down from ฿0.29 in 3Q 2023). Revenue: ฿329.0m (down 13% from 3Q 2023). Net income: ฿24.0m (down 53% from 3Q 2023). Profit margin: 7.3% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 22% per year, which means it is performing significantly worse than earnings. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Executive Vice Chairman of the Board Suvatana Tulayapisitchai was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Aug 23
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 Risk Earnings have declined by 1.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (฿2.40b market cap, or US$70.2m). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿13.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Specialty Retail industry in Thailand. Total loss to shareholders of 39% over the past three years. Declared Dividend • Aug 16
First half dividend reduced to ฿0.19 Dividend of ฿0.19 is 24% lower than last year. Ex-date: 29th August 2024 Payment date: 13th September 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ฿0.22 (vs ฿0.17 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.22 (up from ฿0.17 in 2Q 2023). Revenue: ฿356.4m (down 7.4% from 2Q 2023). Net income: ฿38.8m (up 32% from 2Q 2023). Profit margin: 11% (up from 7.7% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jul 16
Jubilee Enterprise Public Company Limited Announces Resignation of Pirote Maleehorm from the Audit Committee and as Independent Director Jubilee Enterprise Public Company Limited announced that the company had received a letter of resignation from Mr. Pirote Maleehorm from the positions of Audit Committee and Independent Director and Mr. Sahasroj Rojmetha from the position of Independent Director due to other personal matters, which may affect the ability to fully perform their duties, effective on July 15th, 2024 onwards. The Company's operations remained unaffected despite the resignation of the directors. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.23 (vs ฿0.40 in 1Q 2023) First quarter 2024 results: EPS: ฿0.23 (down from ฿0.40 in 1Q 2023). Revenue: ฿341.3m (down 16% from 1Q 2023). Net income: ฿40.6m (down 41% from 1Q 2023). Profit margin: 12% (down from 17% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 25
Upcoming dividend of ฿0.25 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.8%). Price Target Changed • Feb 25
Price target decreased by 30% to ฿19.50 Down from ฿27.70, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ฿16.70. Stock is down 36% over the past year. The company is forecast to post earnings per share of ฿1.30 for next year compared to ฿1.17 last year. Tillkännagivande • Feb 23
Jubilee Enterprise Public Company Limited, Annual General Meeting, Apr 23, 2024 Jubilee Enterprise Public Company Limited, Annual General Meeting, Apr 23, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge on the Company's operating results for 2023; to consider approving the financial statements for the year ended 31 December 2023; to consider approving election of directors retiring by rotation; and to consider other matters. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿1.17 (vs ฿1.80 in FY 2022) Full year 2023 results: EPS: ฿1.17 (down from ฿1.80 in FY 2022). Revenue: ฿1.56b (down 13% from FY 2022). Net income: ฿203.2m (down 35% from FY 2022). Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. 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 12% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 22
Jubilee Enterprise Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 17, 2024 Jubilee Enterprise Public Company Limited at its Annual General Meeting of shareholders to be held on April 23, 2024, the Board of Directors deemed it appropriate to propose to shareholders to approve the dividend payment for the 2023 operating results at the rate of THB 0.50 per share amounting to THB 87.14 million or equivalent to 42.88% of net profit after deduction of legal reserve. The Company paid the interim dividend from operating results from January 1, 2023 to June 30, 2023 at the rate of THB 0.25 per share on September 8, 2023. The remaining paid from operating results from July 1, 2023 to December 31, 2023 which will be paid at the rate of THB 0.25 per share. The Record Date for the rights of receiving dividend will be on May 13, 2024. The payment date will be on May 17, 2024. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.29 (vs ฿0.40 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.29 (down from ฿0.40 in 3Q 2022). Revenue: ฿377.9m (down 11% from 3Q 2022). Net income: ฿51.0m (down 27% from 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 18
Upcoming dividend of ฿0.25 per share at 2.9% yield Eligible shareholders must have bought the stock before 25 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (2.3%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿6.90 (vs ฿0.44 in 2Q 2022) Second quarter 2023 results: EPS: ฿6.90. Revenue: ฿384.8m (down 12% from 2Q 2022). Net income: ฿29.5m (down 61% from 2Q 2022). Profit margin: 7.7% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Tillkännagivande • Aug 12
Jubilee Enterprise Public Company Limited Announces Cash Dividend Payment for 01-Jan-2023 to 30-Jun-2023, Payable 08-Sep-2023 Jubilee Enterprise Public Company Limited announced Cash dividend payment of THB 0.25 for Operating period from 01-Jan-2023 to 30-Jun-2023. Record date for the right to receive: 28-Aug-2023. Ex-dividend date: 25-Aug-2023. Payment date: 08-Sep-2023. Upcoming Dividend • May 02
Upcoming dividend of ฿0.35 per share at 3.0% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (2.2%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ฿0.40 (vs ฿0.17 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.40 (up from ฿0.17 in 3Q 2021). Revenue: ฿424.3m (up 60% from 3Q 2021). Net income: ฿69.9m (up 130% from 3Q 2021). Profit margin: 17% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: ฿0.40 (vs ฿0.17 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.40 (up from ฿0.17 in 3Q 2021). Revenue: ฿424.3m (up 60% from 3Q 2021). Net income: ฿69.9m (up 130% from 3Q 2021). Profit margin: 17% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 20
Price target increased to ฿31.30 Up from ฿27.70, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ฿31.25. Stock is up 35% over the past year. The company is forecast to post earnings per share of ฿1.81 for next year compared to ฿1.29 last year. Upcoming Dividend • Aug 19
Upcoming dividend of ฿0.38 per share Eligible shareholders must have bought the stock before 26 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ฿0.44 (vs ฿0.15 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.44 (up from ฿0.15 in 2Q 2021). Revenue: ฿439.1m (up 62% from 2Q 2021). Net income: ฿76.2m (up 187% from 2Q 2021). Profit margin: 17% (up from 9.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.5%, compared to a 11% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Aug 09
Now 20% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be ฿32.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 13% in the next year. Buying Opportunity • Jun 28
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be ฿32.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 13% in the next year. Buying Opportunity • Jun 13
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be ฿32.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 13% in the next year. Reported Earnings • May 14
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: ฿0.52 (up from ฿0.35 in 1Q 2021). Revenue: ฿448.0m (up 11% from 1Q 2021). Net income: ฿90.5m (up 48% from 1Q 2021). Profit margin: 20% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 02
Upcoming dividend of ฿0.37 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (1.6%). Price Target Changed • Apr 27
Price target decreased to ฿25.88 Down from ฿28.50, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ฿23.50. Stock is down 14% over the past year. The company is forecast to post earnings per share of ฿1.51 for next year compared to ฿1.29 last year. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: ฿1.29 (down from ฿1.53 in FY 2020). Revenue: ฿1.53b (down 10% from FY 2020). Net income: ฿225.2m (down 16% from FY 2020). Profit margin: 15% (down from 16% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 4.0%, compared to a 11% growth forecast for the retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 21
Price target decreased to ฿25.25 Down from ฿28.50, the current price target is an average from 2 analysts. New target price is 7.0% above last closing price of ฿23.60. Stock is up 12% over the past year. The company is forecast to post earnings per share of ฿1.38 for next year compared to ฿1.53 last year. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.55 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿265.5m (down 49% from 3Q 2020). Net income: ฿30.4m (down 68% from 3Q 2020). Profit margin: 12% (down from 19% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Aug 20
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 10 September 2021. Trailing yield: 2.5%. Lower than top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.21 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ฿270.5m (up 7.4% from 2Q 2020). Net income: ฿26.6m (down 27% from 2Q 2020). Profit margin: 9.8% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 22
Price target increased to ฿29.25 Up from ฿25.75, the current price target is provided by 1 analyst. New target price is 16% above last closing price of ฿25.25. Stock is up 65% over the past year. Reported Earnings • May 13
First quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.26 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿405.3m (up 11% from 1Q 2020). Net income: ฿61.4m (up 36% from 1Q 2020). Profit margin: 15% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 03
Upcoming dividend of ฿0.44 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 21 May 2021. Trailing yield: 2.3%. Lower than top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (1.1%). Analyst Estimate Surprise Post Earnings • Feb 24
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 6.3%, compared to a 13% growth forecast for the Specialty Retail industry in Thailand. Reported Earnings • Feb 24
Full year 2020 earnings released: EPS ฿1.53 (vs ฿1.51 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿1.71b (down 5.5% from FY 2019). Net income: ฿266.8m (up 1.7% from FY 2019). Profit margin: 16% (up from 14% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 23
New 90-day high: ฿24.70 The company is up 17% from its price of ฿21.10 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.14 per share. Is New 90 Day High Low • Jan 27
New 90-day high: ฿23.30 The company is up 35% from its price of ฿17.20 on 29 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿21.76 per share. Price Target Changed • Jan 06
Price target raised to ฿21.60 Up from ฿18.50, the current price target is an average from 2 analysts. The new target price is close to the current share price of ฿22.20. As of last close, the stock is up 21% over the past year. Is New 90 Day High Low • Dec 24
New 90-day high: ฿21.60 The company is up 23% from its price of ฿17.60 on 25 September 2020. The Thai market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 5.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS ฿0.55 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿520.6m (up 24% from 3Q 2019). Net income: ฿96.4m (up 55% from 3Q 2019). Profit margin: 19% (up from 15% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 72%. Over the next year, revenue is forecast to grow 8.1%, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 15% share price gain to ฿19.60, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 13.3x. This compares to an average P/E of 22x in the Specialty Retail industry in Thailand. Total return to shareholders over the past three years is a loss of 7.8%. Is New 90 Day High Low • Nov 10
New 90-day high: ฿19.60 The company is up 17% from its price of ฿16.80 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 5.0% over the same period. 
