Declared Dividend • Mar 01
Dividend of ฿0.05 announced Shareholders will receive a dividend of ฿0.05. Ex-date: 13th March 2026 Payment date: 19th May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Duyuru • Feb 27
Sun Vending Technology Public Company Limited announces Annual dividend, payable on May 19, 2026 Sun Vending Technology Public Company Limited announced Annual dividend of THB 0.0500 per share payable on May 19, 2026, ex-date on March 13, 2026 and record date on March 16, 2026. Duyuru • Feb 26
Sun Vending Technology Public Company Limited, Annual General Meeting, Apr 21, 2026 Sun Vending Technology Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time. Location: meeting room, 3rd floor, town hall, sun vending, technology public company limited, 34 bangkok kreetha road, huamark, bang kapi, bangkok 10240, Thailand Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.04 (vs ฿0.03 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.04 (up from ฿0.03 in 3Q 2024). Revenue: ฿733.0m (up 5.4% from 3Q 2024). Net income: ฿27.2m (up 29% from 3Q 2024). Profit margin: 3.7% (up from 3.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Oct 02
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 6.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (฿959.0m market cap, or US$29.5m). Buy Or Sell Opportunity • Sep 25
Now 20% undervalued Over the last 90 days, the stock has risen 27% to ฿1.42. The fair value is estimated to be ฿1.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has declined by 3.1%. Board Change • Sep 18
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. 8 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Yodphot Wongrukmit was the last independent director to join the board, commencing their role in 2023. 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 • Aug 16
Second quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.04 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.03 (down from ฿0.04 in 2Q 2024). Revenue: ฿687.8m (up 5.0% from 2Q 2024). Net income: ฿23.1m (down 12% from 2Q 2024). Profit margin: 3.4% (down from 4.0% 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 3% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿1.35, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 15x in the Consumer Retailing industry in Thailand. Total loss to shareholders of 61% over the past three years. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.024 in 1Q 2024) First quarter 2025 results: EPS: ฿0.03 (up from ฿0.024 in 1Q 2024). Revenue: ฿664.2m (up 7.2% from 1Q 2024). Net income: ฿24.1m (up 45% from 1Q 2024). Profit margin: 3.6% (up from 2.7% in 1Q 2024). The increase in margin was driven by higher revenue. 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 32% per year, which means it is performing significantly worse than earnings. Duyuru • Apr 22
Sun Vending Technology Public Company Limited Approves Cash Dividend for the Year Ended 31 December 2024, Payable on 19 May 2025 Sun Vending Technology Public Company Limited at its Annual General Meeting of Shareholders for the Year 2025, held on 21 April 2025, approved cash dividend payments for the year ended 31 December 2024 at the dividend rate of THB 0.045 per share for 700 million ordinary shares, equivalent to a total dividend amount of THB 31,500,000, the record date to identify shareholders who have the right to a dividend is on 12 March 2025, and the dividend payment is on 19 May 2025, by an affirmative resolution passed by majority votes of the total number of votes of all shareholders presenting at the Meeting. New Risk • Mar 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: 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 (฿987.0m market cap, or US$29.4m). Declared Dividend • Feb 28
Dividend of ฿0.045 announced Shareholders will receive a dividend of ฿0.045. Ex-date: 11th March 2025 Payment date: 19th May 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 57% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.6% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿1.92, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 23x in the Consumer Retailing industry in Thailand. Total loss to shareholders of 25% over the past year. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: ฿0.04 (vs ฿0.02 in 2Q 2023) Second quarter 2024 results: EPS: ฿0.04 (up from ฿0.02 in 2Q 2023). Revenue: ฿655.1m (up 12% from 2Q 2023). Net income: ฿26.4m (up 79% from 2Q 2023). Profit margin: 4.0% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • Jun 28
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 7.3% 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 Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (฿1.20b market cap, or US$32.8m). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ฿1.53, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 22x in the Consumer Retailing industry in Thailand. Total loss to shareholders of 38% over the past year. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ฿0.02 (vs ฿0.03 in 1Q 2023) First quarter 2024 results: EPS: ฿0.02 (down from ฿0.03 in 1Q 2023). Revenue: ฿619.8m (up 5.8% from 1Q 2023). Net income: ฿16.7m (down 18% from 1Q 2023). Profit margin: 2.7% (down from 3.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Upcoming Dividend • Mar 04
Upcoming dividend of ฿0.035 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Thai dividend payers (6.3%). Higher than average of industry peers (1.9%). Duyuru • Feb 29
Sun Vending Technology Public Company Limited Proposes Dividend for the Operating Period from January 1, 2023 to December 31, 2023, payable on May 20, 2024 Sun Vending Technology Public Company Limited proposed dividend of THB 0.035 per share for the Operating Period from January 1, 2023 to December 31, 2023. Ex-dividend date March 11, Record date for the right to receive dividends March 12, 2024 and Payment date May 20, 2024. Declared Dividend • Feb 29
Dividend reduced to ฿0.035 Dividend of ฿0.035 is 30% lower than last year. Ex-date: 11th March 2024 Payment date: 20th May 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 40% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.3% EPS decline seen over the last 5 years. Duyuru • Feb 28
Sun Vending Technology Public Company Limited, Annual General Meeting, Apr 23, 2024 Sun Vending Technology Public Company Limited, Annual General Meeting, Apr 23, 2024, at 10:00 SE Asia Standard Time. Agenda: To acknowledge the operational performance report of the company for the past year; to consider approving the financial statements of the company for the fiscal year 2023 for the accounting period ending on 31 December, 2023; to consider approving the election of directors to replace those whose terms have expired; to consider reducing the number of company directors; to consider approving the remuneration of directors for the year 2024; and to consider other matters. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: ฿0.08 (vs ฿0.12 in FY 2022) Full year 2023 results: EPS: ฿0.08 (down from ฿0.12 in FY 2022). Revenue: ฿2.36b (up 5.1% from FY 2022). Net income: ฿59.1m (down 31% from FY 2022). Profit margin: 2.5% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿2.16, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 28x in the Consumer Retailing industry in Thailand. Total loss to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿2.16, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 27x in the Consumer Retailing industry in Thailand. Total loss to shareholders of 39% over the past year. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.039 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.03 (down from ฿0.039 in 3Q 2022). Revenue: ฿614.2m (up 3.4% from 3Q 2022). Net income: ฿18.1m (down 34% from 3Q 2022). Profit margin: 2.9% (down from 4.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.033 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.02 (down from ฿0.033 in 2Q 2022). Revenue: ฿585.0m (up 6.9% from 2Q 2022). Net income: ฿14.8m (down 36% from 2Q 2022). Profit margin: 2.5% (down from 4.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Duyuru • Aug 11
Sun Vending Technology Public Company Limited Announces Board Changes Sun Vending Technology Public Company Limited announced that the Board of Directors' Meeting held on August 10, 2023, was resolved as follows: Acknowledged Mr. Nattapon Dejvitak resigned from the position of Director effective from July 31, 2023 onwards. And approved appointment of Mr. Yodphot Wongrukmit as the Independent Director instead of Mr. Nattapon Dejvitak effective from August 10, 2023 onwards. 2. Acknowledged Mr. Krittinai Lertsitthisak resigned from the position of Chairman of the Audit Committee and Member of the Nomination and Remuneration Committee effective from August 15, 2023 onwards. And Approved appointment of Dr. Suvit Thaniyavarn as the Director of Audit Committee effective from August 15, 2023 onwards. New Risk • Jul 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿1.61b market cap, or US$46.6m). Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿2.78, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 40x in the Consumer Retailing industry in Thailand. Total loss to shareholders of 24% over the past year. Upcoming Dividend • Mar 02
Upcoming dividend of ฿0.05 per share at 1.1% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: ฿0.04 (vs ฿0.026 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.04 (up from ฿0.026 in 3Q 2021). Revenue: ฿594.1m (up 23% from 3Q 2021). Net income: ฿27.6m (up 106% from 3Q 2021). Profit margin: 4.6% (up from 2.8% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: ฿0.033 (vs ฿0.036 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.033. Revenue: ฿547.3m (up 13% from 2Q 2021). Net income: ฿23.2m (up 28% from 2Q 2021). Profit margin: 4.2% (up from 3.7% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ฿4.34, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 22x in the Online Retail industry in Asia.