Reported Earnings • May 17
First quarter 2026 earnings released: EPS: ฿0.03 (vs ฿0.05 in 1Q 2025) First quarter 2026 results: EPS: ฿0.03 (down from ฿0.05 in 1Q 2025). Revenue: ฿85.1m (down 1.2% from 1Q 2025). Net income: ฿4.58m (down 37% from 1Q 2025). Profit margin: 5.4% (down from 8.4% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Declared Dividend • May 15
Fourth quarter dividend of ฿0.06 announced Shareholders will receive a dividend of ฿0.06. Ex-date: 26th May 2026 Payment date: 12th June 2026 Dividend yield will be 9.6%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (211% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has remained flat since 5 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 134% to bring the payout ratio under control. However, EPS has declined by 16% over the last 5 years so the company would need to reverse this trend. Duyuru • Apr 17
AddTech Hub Public Company Limited Approves the Appointment of Chawan Boonprakobsap as Chairman of Nomination and Remuneration Committee AddTech Hub Public Company Limited at it's Annual General Meeting of Shareholders approved the appointment of Mr. Chawan Boonprakobsap as Chairman of Nomination and Remuneration Committee. Board Change • Mar 21
Insufficient new directors 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. Independent Director Pat Sadavongvivad was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 18
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 6.9% 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 Earnings have declined by 30% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (211% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿604.8m market cap, or US$18.6m). Declared Dividend • Mar 06
Fourth quarter dividend of ฿0.09 announced Shareholders will receive a dividend of ฿0.09. Ex-date: 17th March 2026 Payment date: 5th May 2026 Dividend yield will be 8.9%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (211% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has remained flat since 5 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 134% to bring the payout ratio under control. However, EPS has declined by 16% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: ฿0.25 (vs ฿0.12 in FY 2024) Full year 2025 results: EPS: ฿0.25 (up from ฿0.12 in FY 2024). Revenue: ฿373.9m (up 18% from FY 2024). Net income: ฿42.3m (up 114% from FY 2024). Profit margin: 11% (up from 6.2% in FY 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Feb 05
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 5.7% 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 211% Cash payout ratio: 107% Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (7.5% net profit margin). Market cap is less than US$100m (฿688.8m market cap, or US$21.6m). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ฿3.74, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 17x in the Media industry in Thailand. Total loss to shareholders of 66% over the past three years. Declared Dividend • Nov 15
Third quarter dividend of ฿0.10 announced Shareholders will receive a dividend of ฿0.10. Ex-date: 27th November 2025 Payment date: 15th December 2025 Dividend yield will be 13%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio) nor is it covered by cash flows (107% cash payout ratio). The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control. However, EPS has declined by 20% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ฿0.099 (vs ฿0.061 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.099 (up from ฿0.061 in 3Q 2024). Revenue: ฿94.6m (up 22% from 3Q 2024). Net income: ฿16.7m (up 72% from 3Q 2024). Profit margin: 18% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿2.70, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 20x in the Media industry in Thailand. Total loss to shareholders of 83% over the past three years. Declared Dividend • Aug 16
Second quarter dividend of ฿0.06 announced Shareholders will receive a dividend of ฿0.06. Ex-date: 26th August 2025 Payment date: 9th September 2025 Dividend yield will be 8.7%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (239% earnings payout ratio) nor is it covered by cash flows (126% cash payout ratio). The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 166% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ฿0.046 (vs ฿0.048 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.046. Revenue: ฿104.7m (up 37% from 2Q 2024). Net income: ฿7.78m (up 2.1% from 2Q 2024). Profit margin: 7.4% (down from 9.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Declared Dividend • May 16
First quarter dividend reduced to ฿0.10 Dividend of ฿0.10 is 41% lower than last year. Ex-date: 27th May 2025 Payment date: 12th June 2025 Dividend yield will be 8.8%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (273% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has remained flat since 4 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 203% to bring the payout ratio under control. However, EPS has declined by 19% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.041 in 1Q 2024) First quarter 2025 results: EPS: ฿0.05 (up from ฿0.041 in 1Q 2024). Revenue: ฿86.2m (up 9.1% from 1Q 2024). Net income: ฿7.28m (up 9.8% from 1Q 2024). Profit margin: 8.4% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Duyuru • Apr 18
AddTech Hub Public Company Limited Approves the Appointment of Sompoch Tanutantivong as Executive Committee AddTech Hub Public Company Limited at the Annual General Meeting of Shareholders held on 18 April 2025 approved the appointment of Mr. Sompoch Tanutantivong as Executive Committee. Declared Dividend • Mar 08
Fourth quarter dividend of ฿0.09 announced Shareholders will receive a dividend of ฿0.09. Ex-date: 19th March 2025 Payment date: 9th May 2025 Dividend yield will be 9.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (162% earnings payout ratio) nor is it covered by cash flows (199% cash payout ratio). The dividend has increased by an average of 17% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 80% to bring the payout ratio under control. However, EPS has declined by 18% over the last 5 years so the company would need to reverse this trend. Duyuru • Mar 07
AddTech Hub Public Company Limited, Annual General Meeting, Apr 18, 2025 AddTech Hub Public Company Limited, Annual General Meeting, Apr 18, 2025, at 10:00 SE Asia Standard Time. Duyuru • Mar 06
AddTech Hub Public Company Limited Proposes Cash Dividend for the Year Ended December 31, 2024, Payable on May 9, 2025 AddTech Hub Public Company Limited at its AGM to be held on April 18, 2025 proposed cash dividend of THB 0.09 per share for the year ended December 31, 2024. Record date for the right to receive dividends is March 20, 2025, Ex dividend date is March 19, 2025 and payable on May 9, 2025. Reported Earnings • Feb 24
Full year 2024 earnings released: EPS: ฿0.12 (vs ฿0.20 in FY 2023) Full year 2024 results: EPS: ฿0.12 (down from ฿0.20 in FY 2023). Revenue: ฿317.4m (flat on FY 2023). Net income: ฿19.8m (down 37% from FY 2023). Profit margin: 6.2% (down from 9.8% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year and the company’s share price has also fallen by 50% per year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿5.60, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 22x in the Media industry in Thailand. Total loss to shareholders of 80% over the past three years. Upcoming Dividend • Nov 18
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 25 November 2024. Payment date: 12 December 2024. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of Thai dividend payers (6.7%). Higher than average of industry peers (2.5%). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: ฿0.061 (vs ฿0.064 in 3Q 2023) Third quarter 2024 results: EPS: ฿0.061 (down from ฿0.064 in 3Q 2023). Revenue: ฿77.7m (down 15% from 3Q 2023). Net income: ฿9.71m (down 4.7% from 3Q 2023). Profit margin: 13% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿4.64, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 20x in the Media industry in Thailand. Total loss to shareholders of 81% over the past three years. Upcoming Dividend • Aug 15
Upcoming dividend of ฿0.05 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 17%. Within top quartile of Thai dividend payers (7.0%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ฿0.048 (vs ฿0.004 loss in 2Q 2023) Second quarter 2024 results: EPS: ฿0.048 (up from ฿0.004 loss in 2Q 2023). Revenue: ฿76.7m (up 24% from 2Q 2023). Net income: ฿7.62m (up ฿8.28m from 2Q 2023). Profit margin: 9.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Duyuru • Aug 10
Addtech Hub Public Company Limited Announces Interim Cash Dividend for the Operating Period from January 1, 2024 to June 30, 2024, Payable on September 9, 2024 AddTech Hub Public Company Limited announced interim cash dividend of THB 0.05 per share for the operating period from January 1, 2024 to June 30, 2024, payable on September 9, 2024. Record date for the right to receive dividends is August 23, 2024. Ex-dividend date is August 22, 2024. Declared Dividend • May 15
Final dividend increased to ฿0.17 Dividend of ฿0.17 is 750% higher than last year. Ex-date: 23rd May 2024 Payment date: 7th June 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (266% 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 3.0% to shift the payout ratio to a potentially unsustainable range, which is less than the 14% EPS decline seen over the last 5 years. Duyuru • May 11
AddTech Hub Public Company Limited Announces Cash Dividend for the First Quarter Ended March 31, 2024, Payable on June 7, 2024 AddTech Hub Public Company Limited announced cash dividend of THB 0.17 per share for the first quarter ended March 31, 2024, payable on June 7, 2024 with Record date for the right to receive dividends is May 24, 2024 and Ex-dividend date is May 23, 2024. New Risk • Mar 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 266% Dividend yield: 3.1% 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 Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (266% cash payout ratio). Market cap is less than US$100m (฿888.0m market cap, or US$24.9m). Upcoming Dividend • Mar 12
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (2.4%). Declared Dividend • Mar 08
Final dividend increased to ฿0.15 Dividend of ฿0.15 is 150% higher than last year. Ex-date: 19th March 2024 Payment date: 9th May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (125% 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 19% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: ฿0.19 (vs ฿0.29 in FY 2022) Full year 2023 results: EPS: ฿0.19 (down from ฿0.29 in FY 2022). Revenue: ฿317.9m (down 4.0% from FY 2022). Net income: ฿31.2m (down 32% from FY 2022). Profit margin: 9.8% (down from 14% in FY 2022). New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings have declined by 2.9% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.6% net profit margin). Market cap is less than US$100m (฿936.0m market cap, or US$26.0m). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: ฿0.064 (vs ฿0.058 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.064 (up from ฿0.058 in 3Q 2022). Revenue: ฿91.6m (up 27% from 3Q 2022). Net income: ฿10.2m (up 9.6% from 3Q 2022). Profit margin: 11% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Buying Opportunity • Sep 26
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be ฿8.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to grow by 368% in the next 2 years. Buying Opportunity • Aug 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.0%. The fair value is estimated to be ฿8.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to grow by 368% in the next 2 years. Reported Earnings • Aug 11
Second quarter 2023 earnings released: ฿0.004 loss per share (vs ฿0.085 profit in 2Q 2022) Second quarter 2023 results: ฿0.004 loss per share (down from ฿0.085 profit in 2Q 2022). Revenue: ฿62.1m (down 22% from 2Q 2022). Net loss: ฿656.5k (down 105% from profit in 2Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Media industry in Thailand. Upcoming Dividend • May 17
Upcoming dividend of ฿0.02 per share at 1.2% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 09 June 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.2%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿6.20, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Media industry in Thailand. Total loss to shareholders of 78% over the past year. Upcoming Dividend • Mar 14
Upcoming dividend of ฿0.06 per share at 4.6% yield Eligible shareholders must have bought the stock before 21 March 2023. Payment date: 09 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.9%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿7.40, the stock trades at a trailing P/E ratio of 25.9x. Average forward P/E is 25x in the Media industry in Thailand. Total loss to shareholders of 77% over the past year. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: ฿0.29 (vs ฿0.68 in FY 2021) Full year 2022 results: EPS: ฿0.29 (down from ฿0.68 in FY 2021). Revenue: ฿331.2m (down 36% from FY 2021). Net income: ฿45.7m (down 54% from FY 2021). Profit margin: 14% (down from 19% in FY 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to ฿9.90, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Media industry in Thailand. Total loss to shareholders of 68% over the past year. Buying Opportunity • Jan 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be ฿16.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 29% share price gain to ฿13.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 29x in the Media industry in Thailand. Total loss to shareholders of 60% over the past year. Buying Opportunity • Nov 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be ฿19.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. Price Target Changed • Nov 16
Price target decreased to ฿31.50 Down from ฿42.00, the current price target is provided by 1 analyst. New target price is 93% above last closing price of ฿16.30. Stock is down 25% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.68 last year. Upcoming Dividend • Nov 16
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 21 November 2022. Payment date: 07 December 2022. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 1.0%. Lower than top quartile of Thai dividend payers (5.6%). Lower than average of industry peers (1.8%). Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: ฿0.058 (vs ฿0.14 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.058 (down from ฿0.14 in 3Q 2021). Revenue: ฿72.1m (down 42% from 3Q 2021). Net income: ฿9.29m (down 60% from 3Q 2021). Profit margin: 13% (down from 19% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in Thailand. Buying Opportunity • Oct 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be ฿21.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Buying Opportunity • Sep 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be ฿23.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Upcoming Dividend • Aug 15
Upcoming dividend of ฿0.11 per share Eligible shareholders must have bought the stock before 22 August 2022. Payment date: 09 September 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.9%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: ฿0.087 (vs ฿0.17 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.087 (down from ฿0.17 in 2Q 2021). Revenue: ฿80.9m (down 37% from 2Q 2021). Net income: ฿13.6m (down 44% from 2Q 2021). Profit margin: 17% (down from 19% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 50%, compared to a 34% growth forecast for the industry in Thailand. Buying Opportunity • Jun 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ฿33.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has declined by 12%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 83% in the next 2 years. Buying Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be ฿33.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has declined by 12%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 83% in the next 2 years. Buying Opportunity • May 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ฿33.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has declined by 12%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 83% in the next 2 years. Upcoming Dividend • May 17
Upcoming dividend of ฿0.13 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 09 June 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Thai dividend payers (5.5%). In line with average of industry peers (1.7%). Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ฿0.13 (vs ฿0.22 in 1Q 2021) First quarter 2022 results: EPS: ฿0.13 (down from ฿0.22 in 1Q 2021). Revenue: ฿111.1m (down 18% from 1Q 2021). Net income: ฿21.2m (down 20% from 1Q 2021). Profit margin: 19% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 40% growth forecast for the industry in Thailand. Buying Opportunity • May 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ฿33.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Upcoming Dividend • Mar 14
Upcoming dividend of ฿0.14 per share Eligible shareholders must have bought the stock before 21 March 2022. Payment date: 05 May 2022. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ฿0.68 (up from ฿0.60 in FY 2020). Revenue: ฿515.0m (up 49% from FY 2020). Net income: ฿98.7m (up 37% from FY 2020). Profit margin: 19% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 21% share price gain to ฿31.75, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 40x in the Media industry in Thailand. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 28% share price gain to ฿28.50, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 40x in the Media industry in Thailand. Upcoming Dividend • Nov 19
Upcoming dividend of ฿0.15 per share Eligible shareholders must have bought the stock before 26 November 2021. Payment date: 15 December 2021. Trailing yield: 2.4%. Lower than top quartile of Thai dividend payers (4.9%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.14 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ฿124.3m (up 54% from 3Q 2020). Net income: ฿23.2m (up 39% from 3Q 2020). Profit margin: 19% (down from 21% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS ฿0.17 (vs ฿0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿128.0m (up 75% from 2Q 2020). Net income: ฿24.5m (up 87% from 2Q 2020). Profit margin: 19% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 19% share price gain to ฿35.00, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 26x in the Media industry in Thailand. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 15% share price gain to ฿30.00, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 26x in the Media industry in Thailand. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 24% share price gain to ฿19.50, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 25x in the Media industry in Thailand.