Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ฿0.14 (vs ฿0.055 in 1Q 2025) First quarter 2026 results: EPS: ฿0.14 (up from ฿0.055 in 1Q 2025). Revenue: ฿2.84b (down 1.8% from 1Q 2025). Net income: ฿139.0m (up 150% from 1Q 2025). Profit margin: 4.9% (up from 1.9% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 11
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (0.5%). Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿0.48 (vs ฿0.13 in FY 2024) Full year 2025 results: EPS: ฿0.48 (up from ฿0.13 in FY 2024). Revenue: ฿11.0b (up 8.1% from FY 2024). Net income: ฿479.3m (up 261% from FY 2024). Profit margin: 4.4% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Dec 19
Samart Corporation Public Company Limited (SET:SAMART) announces an Equity Buyback for 36,000,000 shares, representing 3.58% for THB 200 million. Samart Corporation Public Company Limited (SET:SAMART) announces a share repurchase program. Under the program, the company will repurchase up to 36,000,000 shares, representing 3.58% for THB 200 million. The purpose of the program is to build confidence in the Company's strong financial position and ability to generate income and profit and increase return on equity (ROE) and earnings per share (EPS). As of March 13, 2025, the company had 1,006,504,198 shares in issue. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.086 (vs ฿0.09 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.086 (down from ฿0.09 in 3Q 2024). Revenue: ฿2.54b (up 8.2% from 3Q 2024). Net income: ฿87.1m (down 4.2% from 3Q 2024). Profit margin: 3.4% (down from 3.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% 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 • Aug 20
Upcoming dividend of ฿0.10 per share Eligible shareholders must have bought the stock before 27 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (8.0%). Higher than average of industry peers (0.6%). Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.16 (vs ฿0.18 loss in 2Q 2024) Second quarter 2025 results: EPS: ฿0.16 (up from ฿0.18 loss in 2Q 2024). Revenue: ฿2.40b (up 14% from 2Q 2024). Net income: ฿159.7m (up ฿343.1m from 2Q 2024). Profit margin: 6.6% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: ฿0.055 (vs ฿0.054 in 1Q 2024) First quarter 2025 results: EPS: ฿0.055 (up from ฿0.054 in 1Q 2024). Revenue: ฿2.90b (up 38% from 1Q 2024). Net income: ฿55.7m (up 1.6% from 1Q 2024). Profit margin: 1.9% (down from 2.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿5.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Thailand. Total loss to shareholders of 1.7% over the past three years. Reported Earnings • Feb 21
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: ฿0.13 (up from ฿0.39 loss in FY 2023). Revenue: ฿10.2b (flat on FY 2023). Net income: ฿132.9m (up ฿522.8m from FY 2023). Profit margin: 1.3% (up from net loss in FY 2023). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) missed analyst estimates by 67%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Thailand. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 21
Samart Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025 Samart Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025, at 15:30 SE Asia Standard Time. Location: meeting room 16th fl., software park-, building, 99/20 moo 4,chaengwattana rd., klong gluar, pak-kred, nonthaburi 11120, Thailand Tillkännagivande • Sep 05
Samart Corporation Public Company Limited Announces Chief Accountant Changes Samart Corporation Public Company Limited announced appointment of Miss Wanpen Ngamsatian as Senior Accounting Manager, effective 2 September 2024 and termination of Miss Namthip Burapapongsanon as Vice President Accounting, effective 31 August 2024. Reported Earnings • Aug 14
Second quarter 2024 earnings released: ฿0.18 loss per share (vs ฿0.025 profit in 2Q 2023) Second quarter 2024 results: ฿0.18 loss per share (down from ฿0.025 profit in 2Q 2023). Revenue: ฿2.10b (up 1.4% from 2Q 2023). Net loss: ฿183.4m (down ฿208.9m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ฿0.054 (vs ฿0.026 loss in 1Q 2023) First quarter 2024 results: EPS: ฿0.054 (up from ฿0.026 loss in 1Q 2023). Revenue: ฿2.11b (down 16% from 1Q 2023). Net income: ฿54.8m (up ฿81.0m from 1Q 2023). Profit margin: 2.6% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Tillkännagivande • Apr 26
Samart Corporation Public Company Limited Announces Directorate Changes Samart Corporation Public Company Limited at its AGM held on April 25, 2024, Acknowledged the retirement by rotation of Mr. Charoenrath Vilailuck, Mrs. Siripen Vilailuck, and Mr. Sirichai Rasameechan from the directorship. Reported Earnings • Feb 24
Full year 2023 earnings released: ฿0.39 loss per share (vs ฿0.95 loss in FY 2022) Full year 2023 results: ฿0.39 loss per share (improved from ฿0.95 loss in FY 2022). Revenue: ฿10.3b (up 9.6% from FY 2022). Net loss: ฿389.9m (loss narrowed 59% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 23
Samart Corporation Public Company Limited, Annual General Meeting, Apr 25, 2024 Samart Corporation Public Company Limited, Annual General Meeting, Apr 25, 2024, at 16:30 Singapore Standard Time. Location: Meeting Room 16th Fl., Software Park Building 99/20 Moo 4, Chaengwattana Rd., Klong Gluar, Pak-kred, Nonthaburi 11120 Nontaburi Thailand Agenda: To consider and certify the Minutes of the 2023 Annual General Meeting of Shareholders held on April 20, 2023; to acknowledge the Company's 2023 operating results and Annual Report; to consider and approve the Company's Statement of Financial Position and Profit and Loss Statement for the year ended December 31, 2023; to consider and approve the appropriation of legal reserve and dividend payment for 2023; to consider and approve the appointment of Company's directors to replace of those who will retire by rotation for 2024; to consider and approve to fix the remuneration of the Board of Directors and the Committees for 2024; and to consider and approve the appointment of Company's auditor for 2024 and fixing their remuneration. Reported Earnings • Nov 11
Third quarter 2023 earnings released: ฿0.20 loss per share (vs ฿0.47 loss in 3Q 2022) Third quarter 2023 results: ฿0.20 loss per share (improved from ฿0.47 loss in 3Q 2022). Revenue: ฿2.83b (up 33% from 3Q 2022). Net loss: ฿206.0m (loss narrowed 57% from 3Q 2022). 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: ฿0.025 (vs ฿0.019 loss in 2Q 2022) Second quarter 2023 results: EPS: ฿0.025 (up from ฿0.019 loss in 2Q 2022). Revenue: ฿2.08b (down 15% from 2Q 2022). Net income: ฿25.5m (up ฿44.3m from 2Q 2022). Profit margin: 1.2% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Pairoj Boonkongchuen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2022 earnings released: ฿0.019 loss per share (vs ฿0.11 loss in 2Q 2021) Second quarter 2022 results: ฿0.019 loss per share (up from ฿0.11 loss in 2Q 2021). Revenue: ฿2.44b (up 29% from 2Q 2021). Net loss: ฿18.7m (loss narrowed 83% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2022 earnings released: ฿0.093 loss per share (vs ฿0.068 loss in 1Q 2021) First quarter 2022 results: ฿0.093 loss per share (down from ฿0.068 loss in 1Q 2021). Revenue: ฿1.64b (down 11% from 1Q 2021). Net loss: ฿93.1m (loss widened 36% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Vice Chairman Vichai Srikwan was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.39 loss per share (down from ฿0.31 loss in FY 2020). Revenue: ฿7.13b (down 23% from FY 2020). Net loss: ฿389.1m (loss widened 26% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.059 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ฿1.76b (down 25% from 3Q 2020). Net loss: ฿110.0m (loss widened 85% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.20 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿1.93b (up 3.4% from 2Q 2020). Net loss: ฿112.7m (loss narrowed 44% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Executive Departure • May 20
Independent Vice Chairman Pradang Prichayangkun has left the company On the 12th of May, Pradang Prichayangkun's tenure as Independent Vice Chairman ended after 13.1 years in the role. We don't have any record of a personal shareholding under Pradang's name. Pradang is the only executive to leave the company over the last 12 months. Reported Earnings • May 13
First quarter 2021 earnings released: ฿0.068 loss per share (vs ฿0.038 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿1.85b (down 34% from 1Q 2020). Net loss: ฿68.6m (down 279% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2020 earnings released: ฿0.31 loss per share (vs ฿0.42 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿9.49b (down 33% from FY 2019). Net loss: ฿309.1m (down 173% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 08
New 90-day high: ฿7.00 The company is up 41% from its price of ฿4.96 on 10 November 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 95% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ฿6.40 The company is up 23% from its price of ฿5.20 on 09 October 2020. The Thai market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 122% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ฿5.90 The company is up 23% from its price of ฿4.80 on 16 September 2020. The Thai market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 105% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: ฿5.55 The company is up 12% from its price of ฿4.96 on 28 August 2020. The Thai market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 37% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: ฿0.059 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿2.37b (down 27% from 3Q 2019). Net loss: ฿59.6m (down 148% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. 
