Reported Earnings • May 18
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ฿0.12 (up from ฿0.012 loss in 1Q 2025). Revenue: ฿1.50b (up 8.9% from 1Q 2025). Net income: ฿84.0m (up ฿92.1m from 1Q 2025). Profit margin: 5.6% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 200%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.32 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (5.4%). Reported Earnings • Mar 02
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ฿0.44 (up from ฿0.34 in FY 2024). Revenue: ฿6.24b (up 1.0% from FY 2024). Net income: ฿307.5m (up 30% from FY 2024). Profit margin: 4.9% (up from 3.8% in FY 2024). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Thailand. Declared Dividend • Feb 26
Dividend increased to ฿0.32 Dividend of ฿0.32 is 18% higher than last year. Ex-date: 30th April 2026 Payment date: 21st May 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has decreased by an average of 3.3% per year over the past 2 years, but has still been somewhat stable with no excessively large reductions to payments. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Feb 25
G-Able Public Company Limited announces Annual dividend, payable on May 21, 2026 G-Able Public Company Limited announced Annual dividend of THB 0.3200 per share payable on May 21, 2026, ex-date on April 30, 2026 and record date on May 05, 2026. Tillkännagivande • Feb 24
G-Able Public Company Limited, Annual General Meeting, Apr 22, 2026 G-Able Public Company Limited, Annual General Meeting, Apr 22, 2026, at 13:30 SE Asia Standard Time. Price Target Changed • Feb 09
Price target increased by 11% to ฿4.20 Up from ฿3.80, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ฿3.52. Stock is up 32% over the past year. The company is forecast to post earnings per share of ฿0.41 for next year compared to ฿0.34 last year. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.16 (vs ฿0.074 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.16 (up from ฿0.074 in 3Q 2024). Revenue: ฿1.60b (up 16% from 3Q 2024). Net income: ฿114.1m (up 120% from 3Q 2024). Profit margin: 7.1% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Thailand. Reported Earnings • Aug 16
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: ฿0.11 (up from ฿0.09 in 2Q 2024). Revenue: ฿1.45b (down 25% from 2Q 2024). Net income: ฿76.3m (up 21% from 2Q 2024). Profit margin: 5.3% (up from 3.3% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in Thailand. Major Estimate Revision • Aug 07
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ฿0.40 to ฿0.32. Revenue forecast unchanged from ฿6.54b at last update. Net income forecast to grow 5.1% next year vs 11% growth forecast for IT industry in Thailand. Consensus price target down from ฿5.00 to ฿3.80. Share price rose 7.1% to ฿3.00 over the past week. Reported Earnings • May 15
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: ฿0.01 loss per share (down from ฿0.013 profit in 1Q 2024). Revenue: ฿1.38b (up 20% from 1Q 2024). Net loss: ฿8.18m (down 193% from profit in 1Q 2024). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Thailand. Price Target Changed • May 08
Price target increased by 11% to ฿4.70 Up from ฿4.23, the current price target is an average from 2 analysts. New target price is 52% above last closing price of ฿3.10. Stock is down 40% over the past year. The company is forecast to post earnings per share of ฿0.40 for next year compared to ฿0.34 last year. Tillkännagivande • Apr 24
G-Able Public Company Limited Approves the Dividend for the Fiscal Year Ended 31 December 2024, Payable on 21 May 2025 G-Able Public Company Limited at its Annual General Meeting of Shareholders held on 22 April 2025, Resolved to approve the dividend payment for the fiscal year 2024 ended 31 December 2024 at the rate of THB 0.2703 per share to the Company's shareholders, totaling THB 189.22 million, where the Company set a record date for determining the shareholders who are entitled to receive the dividends on 2 May 2025 and set a dividend payment date on 21 May 2025. In this regard, the dividend of THB 0.2703 per share payable from the Company's net profit after 20% corporate income tax, individual shareholders are entitled to claim tax credit at the rate of 20/80 times of the dividends received pursuant to Section 47 bis of the Revenue Code. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.27 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 21 May 2025. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.7%. Lower than top quartile of Thai dividend payers (8.1%). In line with average of industry peers (7.2%). Declared Dividend • Feb 22
Dividend reduced to ฿0.27 Dividend of ฿0.27 is 6.5% lower than last year. Ex-date: 30th April 2025 Payment date: 21st May 2025 Dividend yield will be 8.4%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (89.8% earnings payout ratio) and cash flows (62% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share is expected to grow by 28% over the next 2 years, which should maintain adequate earnings cover for the dividend. Reported Earnings • Feb 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ฿0.34 (down from ฿0.39 in FY 2023). Revenue: ฿6.17b (up 16% from FY 2023). Net income: ฿236.5m (down 6.1% from FY 2023). Profit margin: 3.8% (down from 4.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.3%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in Thailand. Price Target Changed • Nov 15
Price target increased by 11% to ฿4.70 Up from ฿4.23, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ฿3.44. Stock is down 20% over the past year. The company is forecast to post earnings per share of ฿0.33 for next year compared to ฿0.39 last year. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿0.37 to ฿0.32. Revenue forecast unchanged from ฿5.89b at last update. Net income forecast to grow 4.5% next year vs 21% growth forecast for IT industry in Thailand. Consensus price target down from ฿4.48 to ฿4.23. Share price fell 3.2% to ฿3.58 over the past week. Buy Or Sell Opportunity • Oct 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to ฿3.76. The fair value is estimated to be ฿3.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last year. Earnings per share has declined by 32%. Revenue is forecast to grow by 3.0% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • Sep 12
Now 21% overvalued Over the last 90 days, the stock has fallen 4.0% to ฿3.86. The fair value is estimated to be ฿3.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last year. Earnings per share has declined by 32%. Revenue is forecast to grow by 3.0% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • Aug 23
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to ฿3.86. The fair value is estimated to be ฿3.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last year. Earnings per share has declined by 32%. Revenue is forecast to grow by 3.0% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. New Risk • Aug 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿2.41b market cap, or US$68.7m). Reported Earnings • Aug 15
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ฿0.09. Revenue: ฿1.94b (up 58% from 2Q 2023). Net income: ฿63.3m (up 5.9% from 2Q 2023). Profit margin: 3.3% (down from 4.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in Thailand. Major Estimate Revision • Aug 09
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ฿5.72b to ฿5.87b. EPS estimate fell from ฿0.395 to ฿0.35 per share. Net income forecast to grow 8.9% next year vs 12% growth forecast for IT industry in Thailand. Consensus price target down from ฿5.50 to ฿4.48. Share price fell 3.3% to ฿3.52 over the past week. Price Target Changed • Aug 08
Price target decreased by 24% to ฿4.48 Down from ฿5.90, the current price target is an average from 2 analysts. New target price is 27% above last closing price of ฿3.52. Stock is down 22% over the past year. The company is forecast to post earnings per share of ฿0.35 for next year compared to ฿0.39 last year. Tillkännagivande • Aug 02
G-Able Public Company Limited (SET:GABLE) acquired 75% stake in Round Two Solutions Co., Ltd. for THB 330 million. G-Able Public Company Limited (SET:GABLE) acquired 75% stake in Round Two Solutions Co., Ltd. for THB 330 million on August 1, 2024. As a result of this shares acquisition transaction, Round 2 has become a subsidiary of G-Able. The source of funds was from the proceeds received from capital increase by the initial public offering (IPO).
G-Able Public Company Limited (SET:GABLE) completed the acquisition of 75% stake in Round Two Solutions Co., Ltd. on August 1, 2024. Reported Earnings • May 16
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: ฿0.01 (down from ฿0.047 in 1Q 2023). Revenue: ฿1.15b (up 1.6% from 1Q 2023). Net income: ฿8.77m (down 64% from 1Q 2023). Profit margin: 0.8% (down from 2.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in Thailand. Tillkännagivande • May 01
G-Able Public Company Limited Approves Dividend Payment for the Fiscal Year 2023 Ended 31 December 2023, Payable on 28 May 2024 G-Able Public Company Limited at its AGM held on 30 April 2024, approved the dividend payment for the fiscal year 2023 ended 31 December 2023 at the rate of THB 0.2890 per share to the Company's shareholders, totaling THB 202,306,190.38, where the Company set a record date for determining the shareholders who are entitled to receive the dividends on 13 May 2024 and set a dividend payment date on 28 May 2024. In this regard, the dividend of THB 0.2890 per share payable from the Company's net profit after 20% corporate income tax, individual shareholders are entitled to claim tax credit at the rate of 20/80 times of the dividends received pursuant to Section 47 bis of the Revenue Code. Tillkännagivande • Feb 23
G-Able Public Company Limited, Annual General Meeting, Apr 30, 2024 G-Able Public Company Limited, Annual General Meeting, Apr 30, 2024, at 13:30 SE Asia Standard Time. Agenda: To acknowledge the operating results for the fiscal year 2023 ended 31 December 2023; To consider and approve the financial statements for the fiscal year 2023 ended 31 December 2023; To consider and approve the dividend payment for the fiscal year 2023 ended 31 December 2023; To consider and approve the election of directors in replacement of those who retired by rotation; To consider and approve the determination of directors' remuneration for the year 2024; and to discuss other matters. Reported Earnings • Feb 22
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ฿0.39 (down from ฿0.62 in FY 2022). Revenue: ฿5.34b (up 13% from FY 2022). Net income: ฿251.8m (down 5.6% from FY 2022). Profit margin: 4.7% (down from 5.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Thailand. Buying Opportunity • Jan 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be ฿5.22, 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 declined by 23%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Buying Opportunity • Nov 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ฿5.43, 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 declined by 23%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Reported Earnings • Nov 16
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: ฿0.09. Revenue: ฿1.34b (up 11% from 3Q 2022). Net income: ฿66.3m (up 13% from 3Q 2022). Profit margin: 4.9% (in line with 3Q 2022). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in Thailand. New Risk • Sep 30
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 5.9% 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: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (฿3.42b market cap, or US$93.4m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.09 (vs ฿0.13 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.09. Revenue: ฿1.22b (up 1.3% from 2Q 2022). Net income: ฿59.8m (up 2.1% from 2Q 2022). Profit margin: 4.9% (in line with 2Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 23% growth forecast for the IT industry in Thailand. Buying Opportunity • Jul 06
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ฿6.30, 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 year. Earnings per share has declined by 36%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 43% in the next 2 years. New Risk • Jun 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.46b (US$98.1m) 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 (9.0% average weekly change). High level of non-cash earnings (31% accrual ratio). Minor Risk Market cap is less than US$100m (฿3.46b market cap, or US$98.1m). Buying Opportunity • May 29
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ฿7.06, 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 year. Earnings per share has declined by 36%. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ฿6.00, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 15x in the IT industry in Thailand. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ฿0.05 (vs ฿0.36 in 1Q 2022) First quarter 2023 results: EPS: ฿0.05 (down from ฿0.36 in 1Q 2022). Revenue: ฿1.14b (down 20% from 1Q 2022). Net income: ฿24.5m (down 80% from 1Q 2022). Profit margin: 2.2% (down from 8.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Tillkännagivande • May 09
G-Able Public Company Limited has completed an IPO in the amount of THB 1.11825 billion. G-Able Public Company Limited has completed an IPO in the amount of THB 1.11825 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 105,000,000
Price\Range: THB 6.39
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: THB 6.39
Transaction Features: Reserved Share Offering