Reported Earnings • Aug 10
Second quarter 2026 earnings released: ฿0.11 loss per share (vs ฿0.025 profit in 2Q 2025) Second quarter 2026 results: ฿0.11 loss per share (down from ฿0.025 profit in 2Q 2025). Revenue: ฿580.2m (up 2.1% from 2Q 2025). Net loss: ฿28.2m (down ฿34.7m from profit in 2Q 2025). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 19 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jun 08
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at ฿5.60. The fair value is estimated to be ฿7.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 11
First quarter 2026 earnings released: ฿0.26 loss per share (vs ฿0.075 profit in 1Q 2025) First quarter 2026 results: ฿0.26 loss per share (down from ฿0.075 profit in 1Q 2025). Revenue: ฿609.0m (up 1.7% from 1Q 2025). Net loss: ฿68.9m (down 446% from profit in 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 48% per year whereas the company’s share price has fallen by 51% per year. Buy Or Sell Opportunity • Apr 30
Now 21% undervalued Over the last 90 days, the stock has risen 8.0% to ฿5.25. The fair value is estimated to be ฿6.64, 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 declined by 29%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Upcoming Dividend • Apr 28
Upcoming dividend of ฿0.04 per share Eligible shareholders must have bought the stock before 05 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (7.5%). Lower than average of industry peers (5.5%). Buy Or Sell Opportunity • Apr 07
Now 21% undervalued Over the last 90 days, the stock has risen 8.3% to ฿5.35. The fair value is estimated to be ฿6.77, 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 declined by 29%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • Mar 19
Now 21% undervalued Over the last 90 days, the stock has risen 14% to ฿5.40. The fair value is estimated to be ฿6.86, 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 declined by 29%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • Mar 02
Now 20% undervalued Over the last 90 days, the stock has risen 34% to ฿5.75. The fair value is estimated to be ฿7.21, 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 declined by 29%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Major Estimate Revision • Mar 02
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ฿2.42b to ฿2.45b. EPS estimate increased from ฿0.30 to ฿0.36 per share. Net income forecast to grow 67% next year vs 9.4% growth forecast for IT industry in Thailand. Consensus price target up from ฿4.57 to ฿5.59. Share price was steady at ฿6.30 over the past week. Declared Dividend • Feb 25
Dividend reduced to ฿0.04 Dividend of ฿0.04 is 83% lower than last year. Ex-date: 5th May 2026 Payment date: 22nd May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 19%. Reported Earnings • Feb 24
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ฿0.21 (down from ฿0.58 in FY 2024). Revenue: ฿2.39b (down 5.8% from FY 2024). Net income: ฿56.2m (down 64% from FY 2024). Profit margin: 2.4% (down from 6.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 21
Beryl 8 Plus Public Company Limited, Annual General Meeting, Apr 23, 2026 Beryl 8 Plus Public Company Limited, Annual General Meeting, Apr 23, 2026, at 10:00 SE Asia Standard Time. Buy Or Sell Opportunity • Feb 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ฿5.50. The fair value is estimated to be ฿4.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 1.9% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿5.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.56 per share. Buy Or Sell Opportunity • Dec 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ฿4.66. The fair value is estimated to be ฿5.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ฿5.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿5.82 per share. New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (382% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (฿1.25b market cap, or US$39.9m). Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: ฿0.05 (vs ฿0.17 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.05 (down from ฿0.17 in 3Q 2024). Revenue: ฿602.8m (down 2.4% from 3Q 2024). Net income: ฿13.0m (down 71% from 3Q 2024). Profit margin: 2.2% (down from 7.2% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.35b to ฿2.33b. EPS estimate also fell from ฿0.27 per share to ฿0.223 per share. Net income forecast to shrink 37% next year vs 6.6% growth forecast for IT industry in Thailand . Consensus price target down from ฿6.05 to ฿5.60. Share price fell 8.6% to ฿4.98 over the past week. Buy Or Sell Opportunity • Sep 11
Now 21% undervalued Over the last 90 days, the stock has risen 8.8% to ฿6.20. The fair value is estimated to be ฿7.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 0.4% in 2 years. Earnings are forecast to decline by 5.3% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ฿5.65, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.79 per share. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: ฿0.02 (vs ฿0.13 in 2Q 2024) Second quarter 2025 results: EPS: ฿0.02 (down from ฿0.13 in 2Q 2024). Revenue: ฿568.1m (down 8.8% from 2Q 2024). Net income: ฿6.57m (down 81% from 2Q 2024). Profit margin: 1.2% (down from 5.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Thailand. 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 48% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ฿6.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.01 per share. Buy Or Sell Opportunity • Jun 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 52% to ฿5.60. The fair value is estimated to be ฿7.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Earnings per share has grown by 4.9%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. New Risk • May 27
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: 3.4% 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. Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (฿1.93b market cap, or US$59.1m). Reported Earnings • May 14
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: ฿0.08 (down from ฿0.12 in 1Q 2024). Revenue: ฿599.1m (up 4.0% from 1Q 2024). Net income: ฿19.9m (down 37% from 1Q 2024). Profit margin: 3.3% (down from 5.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 09
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.69b to ฿2.59b. EPS estimate also fell from ฿0.805 per share to ฿0.69 per share. Net income forecast to grow 5.8% next year vs 18% growth forecast for IT industry in Thailand. Consensus price target down from ฿18.00 to ฿14.20. Share price fell 21% to ฿8.50 over the past week. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ฿8.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿7.93 per share. Buy Or Sell Opportunity • May 06
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to ฿9.70. The fair value is estimated to be ฿13.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Upcoming Dividend • Apr 25
Upcoming dividend of ฿0.24 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 22 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (7.0%). Duyuru • Apr 25
Beryl 8 Plus Public Company Limited Approves Cash Dividend for the Year 2024, Payable on May 22, 2025 Beryl 8 Plus Public Company Limited in its annual General Meeting of Shareholders on April 24, 2025 approved the payment of a cash dividend at the rate of THB 0.24 per share, based on a total of 264,709,131 shares, amounting to a total dividend payment of THB 63,530,191.44. The proposed dividend will be paid from the accumulated profits of the investment promoted business under the Board of Investment (BOI) at THB 0.22 per share, and from the non-investment promoted business (Non-BOI) at THB 0.02 per share. The record date for determining shareholders' eligibility to receive the dividend is set for May 6, 2025, with the dividend payment scheduled for May 22, 2025. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿9.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿13.30 per share. Buy Or Sell Opportunity • Mar 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ฿10.60. The fair value is estimated to be ฿13.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Earnings per share has grown by 9.4%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Major Estimate Revision • Feb 28
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from ฿2.77b to ฿2.69b. EPS estimate also fell from ฿0.92 per share to ฿0.805 per share. Net income forecast to grow 39% next year vs 31% growth forecast for IT industry in Thailand. Consensus price target down from ฿19.83 to ฿18.00. Share price fell 13% to ฿11.20 over the past week. Price Target Changed • Feb 24
Price target decreased by 11% to ฿17.70 Down from ฿19.83, the current price target is an average from 5 analysts. New target price is 38% above last closing price of ฿12.80. Stock is down 53% over the past year. The company is forecast to post earnings per share of ฿0.83 for next year compared to ฿0.58 last year. Declared Dividend • Feb 24
Dividend increased to ฿0.24 Dividend of ฿0.24 is 4.3% higher than last year. Ex-date: 2nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 1.9%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 62% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: ฿0.58 (down from ฿0.92 in FY 2023). Revenue: ฿2.54b (up 4.6% from FY 2023). Net income: ฿154.5m (down 37% from FY 2023). Profit margin: 6.1% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 30
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to ฿15.20. The fair value is estimated to be ฿12.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 79% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿14.30, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿12.48 per share. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ฿15.10, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the IT industry in Thailand. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.38 per share. Buy Or Sell Opportunity • Nov 29
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to ฿13.90. The fair value is estimated to be ฿11.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 65% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ฿3.44b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (฿3.44b market cap, or US$99.3m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿14.40, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿11.52 per share. Reported Earnings • Nov 12
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ฿0.17 (down from ฿0.28 in 3Q 2023). Revenue: ฿617.8m (up 6.3% from 3Q 2023). Net income: ฿44.2m (down 41% from 3Q 2023). Profit margin: 7.2% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿15.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the IT industry in Thailand. Total loss to shareholders of 65% over the past year. Price Target Changed • Aug 21
Price target decreased by 8.0% to ฿21.15 Down from ฿23.00, the current price target is an average from 2 analysts. New target price is 37% above last closing price of ฿15.40. Stock is down 66% over the past year. The company is forecast to post earnings per share of ฿0.77 for next year compared to ฿0.92 last year. Reported Earnings • Aug 10
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ฿0.13 (down from ฿0.27 in 2Q 2023). Revenue: ฿622.9m (down 2.1% from 2Q 2023). Net income: ฿34.6m (down 52% from 2Q 2023). Profit margin: 5.5% (down from 11% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in Thailand. Major Estimate Revision • Aug 06
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ฿1.00 to ฿0.77. Revenue forecast unchanged from ฿2.59b at last update. Net income forecast to grow 14% next year vs 23% growth forecast for IT industry in Thailand. Consensus price target down from ฿23.50 to ฿23.00. Share price fell 16% to ฿12.40 over the past week. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿12.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the IT industry in Thailand. Total loss to shareholders of 71% over the past year. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ฿17.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the IT industry in Thailand. Total loss to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿27.01 per share. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ฿2.66b to ฿2.59b. EPS estimate also fell from ฿1.12 per share to ฿1.00 per share. Net income forecast to grow 27% next year vs 26% growth forecast for IT industry in Thailand. Consensus price target down from ฿27.00 to ฿23.50. Share price was steady at ฿17.20 over the past week. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ฿0.12 (vs ฿0.23 in 1Q 2023) First quarter 2024 results: EPS: ฿0.12 (down from ฿0.23 in 1Q 2023). Revenue: ฿576.0m (down 3.5% from 1Q 2023). Net income: ฿31.4m (down 49% from 1Q 2023). Profit margin: 5.5% (down from 10% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in Thailand. Price Target Changed • May 10
Price target decreased by 12% to ฿32.00 Down from ฿36.25, the current price target is an average from 2 analysts. New target price is 54% above last closing price of ฿20.80. Stock is down 55% over the past year. The company is forecast to post earnings per share of ฿1.15 for next year compared to ฿0.92 last year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ฿20.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the IT industry in Thailand. Total loss to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿29.38 per share. Buy Or Sell Opportunity • May 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ฿22.60. The fair value is estimated to be ฿28.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 75% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Declared Dividend • Mar 17
Dividend of ฿0.23 announced Shareholders will receive a dividend of ฿0.23. Ex-date: 3rd May 2024 Payment date: 23rd May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 0.4355%. Cash payout ratio: 0.8297%. Duyuru • Mar 01
Beryl 8 Plus Public Company Limited Announces Resignation of Threekwan Bunnag as Independent Director, Vice Chairman of the Board of Directors, Chairman of the Audit Committee and Member of the Risk Management Committee Beryl 8 Plus Public Company Limited informed that Mr. Threekwan Bunnag has resigned from the positions of the Independent Director, Vice Chairman of the Board of Directors, Chairman of the Audit Committee and Member of the Risk Management Committee of the Company. This resignation is effective from February 29, 2024, onwards. Price Target Changed • Feb 28
Price target decreased by 8.8% to ฿36.25 Down from ฿39.75, the current price target is an average from 2 analysts. New target price is 33% above last closing price of ฿27.25. Stock is down 50% over the past year. The company is forecast to post earnings per share of ฿1.22 for next year compared to ฿0.92 last year. Reported Earnings • Feb 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ฿0.92 (up from ฿0.61 in FY 2022). Revenue: ฿2.43b (up 199% from FY 2022). Net income: ฿244.4m (up 76% from FY 2022). Profit margin: 10% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the IT industry in Thailand. Reported Earnings • Nov 14
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: ฿0.28 (up from ฿0.16 in 3Q 2022). Revenue: ฿580.9m (up 175% from 3Q 2022). Net income: ฿74.3m (up 112% from 3Q 2022). Profit margin: 13% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the IT industry in Thailand. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿27.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the IT industry in Thailand. Total loss to shareholders of 52% over the past year. New Risk • Oct 11
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 6.0% 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 (6.0% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Aug 17
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: ฿0.27 (up from ฿0.14 in 2Q 2022). Revenue: ฿636.5m (up 366% from 2Q 2022). Net income: ฿72.0m (up 140% from 2Q 2022). Profit margin: 11% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the IT industry in Thailand. Price Target Changed • May 18
Price target decreased by 17% to ฿55.25 Down from ฿66.36, the current price target is provided by 1 analyst. New target price is 26% above last closing price of ฿43.75. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of ฿1.13 for next year compared to ฿0.61 last year. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ฿45.25, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 16x in the IT industry in Thailand. Total loss to shareholders of 4.7% over the past year. Buying Opportunity • Apr 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be ฿58.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has declined by 7.7%. Revenue is forecast to grow by 262% in 2 years. Earnings is forecast to grow by 234% in the next 2 years. Major Estimate Revision • Mar 14
Consensus revenue estimates increase by 22% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ฿1.96b to ฿2.40b. EPS estimate increased from ฿1.22 to ฿1.30 per share. Net income forecast to grow 126% next year vs 37% growth forecast for IT industry in Thailand. Consensus price target up from ฿73.00 to ฿78.00. Share price fell 6.3% to ฿56.00 over the past week. Duyuru • Jan 29
Beryl 8 Plus Public Company Limited (SET:BE8) acquired 70% stake in Reconix Company Limited for Thai 6.5 million on January 27, 2023. Beryl 8 Plus Public Company Limited (SET:BE8) acquired 70% stake in Reconix Company Limited for Thai 6.5 million on January 27, 2023.
Beryl 8 Plus Public Company Limited (SET:BE8) completed the acquisition of 70% stake in Reconix Company Limited on January 27, 2023. Board Change • Nov 16
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 not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Vice Chairman of the Board of Directors Threekwan Bunnag was the last independent director to join the board, commencing their role in 2018. 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 • Nov 13
Third quarter 2022 earnings released: EPS: ฿0.17 (vs ฿0.14 in 3Q 2021) Third quarter 2022 results: EPS: ฿0.17 (up from ฿0.14 in 3Q 2021). Revenue: ฿211.1m (up 124% from 3Q 2021). Net income: ฿35.1m (up 67% from 3Q 2021). Profit margin: 17% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 29% growth forecast for the IT industry in Thailand. Duyuru • Nov 11
Beryl 8 Plus Public Company Limited Appoints Krisada Ketphupong as Director Beryl 8 Plus Public Company Limited at its Board of Directors' meeting No. 5/2022 held on November 10, 2022, resolved to approve the appointment of Mr. Krisada Ketphupong as a director replacing Mr. Sean Player Wolfman, who had resigned from the directorship on July 31, 2022, and having the same remaining term as that of Mr. Sean Player Wolfman. The appointment shall be effective from November 10, 2022 onwards. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: ฿0.15 (vs ฿0.25 in 2Q 2021) Second quarter 2022 results: EPS: ฿0.15. Revenue: ฿136.6m (up 56% from 2Q 2021). Net income: ฿30.0m (up 76% from 2Q 2021). Profit margin: 22% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 98%, compared to a 45% growth forecast for the industry in Thailand. Duyuru • Jul 16
Beryl 8 Plus Public Company Limited Announces Resignation of Sean Player Wolfman as Director, Effective from July 31, 2022 Beryl 8 Plus Public Company Limited informed that Mr. Sean Player Wolfman, Director, has submitted a letter, dated July 11, 2022, to express his intention to resign from the directorship to the Company on July 15, 2022, effective from July 31, 2022 onwards. 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. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Vice Chairman of the Board of Directors Threekwan Bunnag was the last independent director to join the board, commencing their role in 2018. 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: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ฿0.67 (up from ฿0.35 in FY 2020). Revenue: ฿379.1m (up 22% from FY 2020). Net income: ฿82.1m (up 247% from FY 2020). Profit margin: 22% (up from 7.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 91%. Over the next year, revenue is forecast to grow 8.9%, compared to a 21% growth forecast for the industry in Thailand.