Reported Earnings • May 19
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: ฿0.34 (down from ฿0.38 in 1Q 2025). Revenue: ฿535.6m (down 5.2% from 1Q 2025). Net income: ฿102.1m (down 9.9% from 1Q 2025). Profit margin: 19% (down from 20% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. New Risk • May 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Apr 09
Upcoming dividend of ฿1.10 per share Eligible shareholders must have bought the stock before 16 April 2026. Payment date: 05 May 2026. Payout ratio and cash payout ratio are on the higher end at 82% and 80% respectively. Trailing yield: 7.6%. Within top quartile of Thai dividend payers (7.4%). Higher than average of industry peers (4.5%). Tillkännagivande • Apr 07
MEB Corporation Public Company Limited Approves Dividend for the Year 2025, Payable on 5 May 2026 MEB Corporation Public Company Limited held the 2026 Annual General Meeting of Shareholders on 7 April 2026, Approved of the dividend payment for 2025 performance at THB 1.10 per share (including special dividend). The Record Date for the right to receive dividend would fall on 17 April 2026, and the dividend would be paid to the shareholders on 5 May 2026. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: ฿1.35 (vs ฿1.47 in FY 2024) Full year 2025 results: EPS: ฿1.35 (down from ฿1.47 in FY 2024). Revenue: ฿2.16b (down 1.0% from FY 2024). Net income: ฿403.7m (down 8.3% from FY 2024). Profit margin: 19% (down from 20% in FY 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Declared Dividend • Feb 26
Dividend of ฿1.10 announced Shareholders will receive a dividend of ฿1.10. Ex-date: 16th April 2026 Payment date: 5th May 2026 Dividend yield will be 7.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 147% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 2.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Feb 25
MEB Corporation Public Company Limited announces Annual dividend, payable on May 05, 2026 MEB Corporation Public Company Limited announced Annual dividend of THB 1.1000 per share payable on May 05, 2026, ex-date on April 16, 2026 and record date on April 17, 2026. New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% 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. This is currently the only risk that has been identified for the company. Tillkännagivande • Feb 25
MEB Corporation Public Company Limited, Annual General Meeting, Apr 07, 2026 MEB Corporation Public Company Limited, Annual General Meeting, Apr 07, 2026, at 14:30 SE Asia Standard Time. Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ฿0.34 (down from ฿0.35 in 3Q 2024). Revenue: ฿536.5m (down 1.2% from 3Q 2024). Net income: ฿101.8m (down 2.9% from 3Q 2024). Profit margin: 19% (in line with 3Q 2024). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Thailand. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ฿0.34 (down from ฿0.39 in 2Q 2024). Revenue: ฿543.8m (flat on 2Q 2024). Net income: ฿101.1m (down 13% from 2Q 2024). Profit margin: 19% (down from 21% in 2Q 2024). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 8.1%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.38 (vs ฿0.35 in 1Q 2024) First quarter 2025 results: EPS: ฿0.38 (up from ฿0.35 in 1Q 2024). Revenue: ฿571.3m (up 8.6% from 1Q 2024). Net income: ฿113.4m (up 8.1% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Thailand. Buy Or Sell Opportunity • May 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to ฿20.60. The fair value is estimated to be ฿26.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 112%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Buy Or Sell Opportunity • Apr 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to ฿21.10. The fair value is estimated to be ฿26.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 112%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Upcoming Dividend • Apr 21
Upcoming dividend of ฿1.10 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (3.7%). Price Target Changed • Apr 16
Price target decreased by 11% to ฿30.00 Down from ฿33.67, the current price target is an average from 2 analysts. New target price is 42% above last closing price of ฿21.10. Stock is down 36% over the past year. The company is forecast to post earnings per share of ฿1.62 for next year compared to ฿1.47 last year. Buy Or Sell Opportunity • Apr 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to ฿21.80. The fair value is estimated to be ฿27.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 112%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Declared Dividend • Feb 27
Dividend increased to ฿1.10 Dividend of ฿1.10 is 69% higher than last year. Ex-date: 28th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 261% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 18% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ฿21.10. The fair value is estimated to be ฿26.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 119%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Price Target Changed • Jan 28
Price target decreased by 8.8% to ฿35.00 Down from ฿38.38, the current price target is an average from 3 analysts. New target price is 57% above last closing price of ฿22.30. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿1.49 for next year compared to ฿1.30 last year. Buy Or Sell Opportunity • Jan 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to ฿23.60. The fair value is estimated to be ฿30.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 119%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: ฿0.35 (vs ฿0.31 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.35 (up from ฿0.31 in 3Q 2023). Revenue: ฿543.1m (up 14% from 3Q 2023). Net income: ฿104.8m (up 13% from 3Q 2023). Profit margin: 19% (in line with 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Thailand. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: ฿0.39 (vs ฿0.32 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.39 (up from ฿0.32 in 2Q 2023). Revenue: ฿556.9m (up 18% from 2Q 2023). Net income: ฿115.8m (up 21% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in Thailand. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.35 (vs ฿0.30 in 1Q 2023) First quarter 2024 results: EPS: ฿0.35 (up from ฿0.30 in 1Q 2023). Revenue: ฿526.2m (up 15% from 1Q 2023). Net income: ฿104.9m (up 21% from 1Q 2023). Profit margin: 20% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Thailand. Buy Or Sell Opportunity • May 03
Now 20% overvalued Over the last 90 days, the stock has fallen 6.8% to ฿34.00. The fair value is estimated to be ฿28.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 78%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.65 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (2.8%). Price Target Changed • Apr 12
Price target decreased by 10% to ฿36.67 Down from ฿40.83, the current price target is an average from 3 analysts. New target price is 10% above last closing price of ฿33.25. Stock is down 11% over the past year. The company is forecast to post earnings per share of ฿1.48 for next year compared to ฿1.30 last year. Buy Or Sell Opportunity • Apr 04
Now 24% overvalued Over the last 90 days, the stock has fallen 3.8% to ฿31.75. The fair value is estimated to be ฿25.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 78%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Reported Earnings • Mar 02
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ฿1.30. Revenue: ฿1.94b (up 13% from FY 2022). Net income: ฿386.4m (up 17% from FY 2022). Profit margin: 20% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Thailand. Tillkännagivande • Mar 01
MEB Corporation Public Company Limited Proposes Dividend for the Operating from January 1, 2023 to December 31, 2023, Payable on 21 May 2024 MEB Corporation Public Company Limited at its AGM to be held on April 23, 2024 proposed the dividend payment for operating from January 1, 2023 to December 31, 2023 at THB 0.65 per share. The Company has set the record date for the right to receive dividend payment (Record Date) on 2 May 2024. The shareholders who are determined by the Record Date will receive dividend on 21 May 2024. However, the right to receive dividend is not confirmed until being approved by the 2024 AGM. Ex dividend date is April 30, 2024. Declared Dividend • Mar 01
Dividend of ฿0.65 announced Shareholders will receive a dividend of ฿0.65. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 4%. Cash payout ratio: 4%. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: ฿0.31 (vs ฿1.02 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.31. Revenue: ฿475.6m (up 13% from 3Q 2022). Net income: ฿92.8m (up 19% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in Thailand. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.32 (vs ฿8.14 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.32. Revenue: ฿476.3m (up 11% from 2Q 2022). Net income: ฿95.9m (up 18% from 2Q 2022). Profit margin: 20% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿35.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿21.27 per share. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿30.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Specialty Retail industry in Thailand. Simply Wall St's valuation model estimates the intrinsic value at ฿20.59 per share. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿32.75, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿29.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Specialty Retail industry in Thailand. Tillkännagivande • Feb 15
MEB Corporation Public Company Limited has completed an IPO in the amount of THB 2.15175 billion. MEB Corporation Public Company Limited has completed an IPO in the amount of THB 2.15175 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 75,500,000
Price\Range: THB 28.5
Transaction Features: ESOP Related Offering; Reserved Share Offering