Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ฿0.005 (vs ฿0.009 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.005 (down from ฿0.009 in 3Q 2024). Revenue: ฿91.7m (up 20% from 3Q 2024). Net income: ฿3.03m (down 50% from 3Q 2024). Profit margin: 3.3% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ฿0.005 (vs ฿0.011 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.005 (down from ฿0.011 in 2Q 2024). Revenue: ฿72.2m (up 1.8% from 2Q 2024). Net income: ฿3.14m (down 57% from 2Q 2024). Profit margin: 4.4% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: ฿0.007 (vs ฿0.011 in 1Q 2024) First quarter 2025 results: EPS: ฿0.007 (down from ฿0.011 in 1Q 2024). Revenue: ฿70.6m (down 2.1% from 1Q 2024). Net income: ฿4.64m (down 36% from 1Q 2024). Profit margin: 6.6% (down from 10% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 01
Upcoming dividend of ฿0.022 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (6.6%). Duyuru • Apr 25
Home Pottery Public Company Limited Approves Cash Dividend for the Year 2024, Payable on May 23, 2025 Home Pottery Public Company Limited ("Company") hereby informs the resolutions of the Annual General Meeting of Shareholders of 2025, held on April 24, 2025. The shareholders approved to pay dividend at the rate of THB 0.0223 per share, totaling THB 14,764,369.30 from net profit of 2024 equivalent to 59.90% of the net profit from the Company's separate financial statements as of December 31, 2024 after legal reserve deduction, which is in accordance with the Company's dividend policy. Such dividend payment would be distributed from the tax-exempt profit privileges received from the BOI. The date for determination of the list of shareholders who are entitled to receive a dividend, the Record Date, is May 9, 2025, and the dividend payment shall be made on May 23, 2025. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: ฿0.045 (vs ฿0.036 in FY 2023) Full year 2024 results: EPS: ฿0.045 (up from ฿0.036 in FY 2023). Revenue: ฿302.9m (up 1.3% from FY 2023). Net income: ฿29.9m (up 27% from FY 2023). Profit margin: 9.9% (up from 7.9% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Duyuru • Sep 05
Home Pottery Public Company Limited Announces Board and Committee Changes Home Pottery Public Company Limited announced at the board meeting held on September 3, 2024, approved to appoint Mr. Niran Chourkittisopon as a Chairman of the Board; to appoint Mrs. Teelaporn Kongchim as a Chairman of the Audit Committee and to appoint Mr. Wongskorn Pitupan as a Board, Audit Committee Independent Director and Member of the Nomination and Remuneration Committee. 3 members of the Audit Committee consists of: 1. Mrs. Teelaporn Kongchim as Chairman of the Audit Committee; 2. Mr. Somnuk Sirisoonthorn as Audit Committee and 3. Mr. Wongskorn Pitupan as Audit Committee. Nomination and Remuneration Committee consists of: 1. Mrs. Teelaporn Kongchim as Chairman; Mr. Wongskorn Pitupan as member and Mrs. Wannee Chourkittisopon as member. Duyuru • Aug 28
Home Pottery Public Company Limited Announces Resignation of Mr. Tepkul Poonlarp as Chairman of the Board, Chairman of the Audit Committee, Independent Director, Member of the Nomination and Remuneration Committee Effective August 31, 2024 Home Pottery Public Company Limited announced that Mr. Tepkul Poonlarp, Chairman of the Board, Chairman of the Audit Committee, Independent Director, Member of the Nomination and Remuneration Committee, has resigned from his positions as positions on the board of directors due to personal reasons. This resignation is effective from August 31, 2024 onwards. Buy Or Sell Opportunity • Aug 16
Now 24% overvalued Over the last 90 days, the stock has fallen 25% to ฿0.45. The fair value is estimated to be ฿0.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.008 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.011 (up from ฿0.008 in 2Q 2023). Revenue: ฿72.4m (down 5.0% from 2Q 2023). Net income: ฿7.29m (up 30% from 2Q 2023). Profit margin: 10% (up from 7.4% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Jun 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿364.1m (US$9.91m) This is considered a major 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 Risk Market cap is less than US$10m (฿364.1m market cap, or US$9.91m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.006 in 1Q 2023) First quarter 2024 results: EPS: ฿0.011 (up from ฿0.006 in 1Q 2023). Revenue: ฿72.1m (up 5.6% from 1Q 2023). Net income: ฿7.27m (up 79% from 1Q 2023). Profit margin: 10% (up from 6.0% in 1Q 2023). 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 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 02
Upcoming dividend of ฿0.016 per share Eligible shareholders must have bought the stock before 09 May 2024. Payment date: 23 May 2024. Payout ratio is on the higher end at 95% but the company is not cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (2.4%). Duyuru • Apr 26
Home Pottery Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 23, 2024 Home Pottery Public Company Limited at the AGM held on April 24, 2024 approved the dividend payment of 2023 as follows: To pay dividend at the rate of THB 0.0340 per share, totaling THB 22,510,518.66 from net profits and retained earnings as of December 31, 2023 equivalent to 103.98% of the net profit from the Company's separate financial statements as of December 31, 2023 after legal reserve deduction, which is in accordance with the Company's dividend policy. In this regard, the Company has paid an interim dividend from its retained earning as of September 30, 2024, according to the separate financial statements at the rate of THB 0.0180 per share, totaling THB 11,917,249.20 on January 18, 2024. Thus, the remaining dividend to be paid in cash would be paid from net profits and retained earnings of the separate financial statements as of December 31, 2023 at the rate of THB 0.0160 per share, totaling THB 10,593,269.46 from the profits, with no tax exemption (Non-BOI). The date for determination of the list of shareholders who are entitled to receive a dividend, the Record Date, is May 10, 2024, and the dividend payment shall be made on May 23, 2024. Duyuru • Mar 01
Home Pottery Public Company Limited, Annual General Meeting, Apr 24, 2024 Home Pottery Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Location: White Ballroom, Tree Tara Lampang Hotel No. 1/1 Highway Lampang-Nga Road Chomphu Sub-District, Mueang Lampang District, Lampang Province Bangkok Thailand Agenda: To adopt the Minutes of the Annual General Meeting of Shareholders of 2023; to acknowledge the Company's operating performance of 2023; to approve the audited financial statements of 2023 for the fiscal year ended December 31, 2023 which were audited by the external auditor; to approve the allocation of net profit as a legal reserve and the dividend payment for 2023; to appoint directors to replace those due to complete their terms; to approve the remuneration of the directors for 2024; and to consider any other matters. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: ฿0.036 (vs ฿0.053 in FY 2022) Full year 2023 results: EPS: ฿0.036 (down from ฿0.053 in FY 2022). Revenue: ฿299.0m (down 8.1% from FY 2022). Net income: ฿23.6m (down 33% from FY 2022). Profit margin: 7.9% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. 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 15% per year, which means it is significantly lagging earnings. Duyuru • Feb 29
Home Pottery Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 23, 2024 Home Pottery Public Company Limited announced that at the Annual General Meeting of Shareholders to be held on April 24, 2024, proposed to pay dividend at the rate of THB 0.0340 per share, totaling THB 22,338,683.00 from net profits and retained earnings as of December 31, 2023. In this regard, the Company has paid an interim dividend from its retained earning as of September 30, 2024, according to the separate financial statements at the rate of THB 0.0180 per share, totaling THB 11,917,249.20 on January 18, 2024. Thus, the Board deemed appropriate to propose a cash dividend payment from the net profit and retained earnings of the separate financial statements as of December 31, 2023 at the rate of THB 0.0160 per share, totaling THB 10,421,434.00. The date for determination of the list of shareholders who are entitled to receive a dividend, the Record Date, is May 10, 2024, and the dividend payment shall be made on May 23, 2024. Duyuru • Dec 23
Home Pottery Public Company Limited Announces Cash Dividend, Payable on 18 January 2024 Home Pottery Public Company Limited announced cash dividend of THB 0.018 (per share), THB 0.25 Par value. Record date for the right to receive dividends: 11 January 2024, Ex-dividend date: 10 January 2024 and Payment date 18 January 2024. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.02 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.011 (down from ฿0.02 in 3Q 2022). Revenue: ฿71.6m (down 18% from 3Q 2022). Net income: ฿7.05m (down 45% from 3Q 2022). Profit margin: 9.9% (down from 15% 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 77% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.1% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 121% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (฿384.0m market cap, or US$10.7m). New Risk • Oct 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ฿350.9m (US$9.75m) This is considered a major 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 Risk Market cap is less than US$10m (฿350.9m market cap, or US$9.75m). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Aug 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 95% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (฿443.6m market cap, or US$12.5m). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ฿0.008 (vs ฿0.013 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.008 (down from ฿0.013 in 2Q 2022). Revenue: ฿76.2m (up 11% from 2Q 2022). Net income: ฿5.61m (down 41% from 2Q 2022). Profit margin: 7.4% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 13
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 6.1% 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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (฿456.8m market cap, or US$13.0m). Reported Earnings • May 19
First quarter 2023 earnings released: EPS: ฿0.006 (vs ฿0.013 in 1Q 2022) First quarter 2023 results: EPS: ฿0.006 (down from ฿0.013 in 1Q 2022). Revenue: ฿68.3m (down 19% from 1Q 2022). Net income: ฿4.07m (down 49% from 1Q 2022). Profit margin: 6.0% (down from 9.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 15
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be ฿1.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 33%. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 28% share price gain to ฿1.15, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 36x in the Consumer Durables industry in Thailand. Total returns to shareholders of 81% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of ฿0.018 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 82%. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.013 (vs ฿0.003 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.013 (up from ฿0.003 in 2Q 2021). Revenue: ฿68.7m (up 45% from 2Q 2021). Net income: ฿9.45m (up 405% from 2Q 2021). Profit margin: 14% (up from 4.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Aug 12
Home Pottery Public Company Limited Announces Cash Dividend for the Operating Period from January 1, 2022 to June 30, 2022, Payable on September 9, 2022 Home Pottery Public Company Limited announced cash dividend payment of THB 0.018 per share for the operating period from January 1, 2022 to June 30, 2022. Record date for the right to receive dividends as August 25, 2022, Ex-dividend date as August 24, 2022 and Payment date is September 9, 2022. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ฿0.013 (vs ฿0.007 loss in 1Q 2021) First quarter 2022 results: EPS: ฿0.013 (up from ฿0.007 loss in 1Q 2021). Revenue: ฿84.3m (up 232% from 1Q 2021). Net income: ฿8.02m (up ฿12.0m from 1Q 2021). Profit margin: 9.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 28
Upcoming dividend of ฿0.02 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 23 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of Thai dividend payers (5.1%). Lower than average of industry peers (4.4%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . 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 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.025 (up from ฿0.015 loss in FY 2020). Revenue: ฿208.2m (up 108% from FY 2020). Net income: ฿15.2m (up ฿23.6m from FY 2020). Profit margin: 7.3% (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, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS ฿0.012 (vs ฿0.008 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿67.1m (up 391% from 3Q 2020). Net income: ฿8.15m (up ฿12.6m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ฿0.003 (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: ฿47.3m (up 177% from 2Q 2020). Net income: ฿1.87m (up ฿5.70m from 2Q 2020). Profit margin: 4.0% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2021 earnings released: ฿0.007 loss per share (vs ฿0.007 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: ฿25.4m (down 49% from 1Q 2020). Net loss: ฿3.96m (down 202% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2020 earnings released: ฿0.015 loss per share (vs ฿0.023 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: ฿100.1m (down 50% from FY 2019). Net loss: ฿8.36m (down 166% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Feb 26
Home Pottery Public Company Limited, Annual General Meeting, Apr 26, 2021 Home Pottery Public Company Limited, Annual General Meeting, Apr 26, 2021, at 03:00 Coordinated Universal Time. Agenda: To adopt the Minutes of the Annual General Meeting of Shareholders of 2020; to acknowledge the company's operating performance of 2020; to approve the audited financial statements of 2020 for the fiscal year ended December 31, 2020 which were audited by the external auditor; to approve the omission of the allocation of net profit as a legal reserve and the omission of dividend payment for 2020; to appoint directors to replace those due to complete their terms; to approve the remuneration of the directors for 2021; to approve appointment of auditors and determination of the audit fee for 2021; and to consider other matters. Is New 90 Day High Low • Jan 12
New 90-day high: ฿0.95 The company is up 9.0% from its price of ฿0.87 on 12 October 2020. The Thai market is up 21% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Consumer Durables industry, which is also up 9.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: ฿0.69 The company is down 23% from its price of ฿0.90 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: ฿0.008 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ฿13.7m (down 74% from 3Q 2019). Net loss: ฿4.42m (down 253% from profit in 3Q 2019). 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 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 13
New 90-day low: ฿0.71 The company is down 8.0% from its price of ฿0.77 on 14 August 2020. The Thai market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 1.0% over the same period.