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Pico (Thailand) Public Company Limited (PICO.BK)
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | THB m | 730 | 635 | 1,104 | 1,036 | 1,308 | 1,283 | 1,169 |
| Operating profit | THB m | 14 | 16 | |||||
| Net profit | THB m | -60 | -28 | 20 | 22 | 29 | 20 | 21 |
| EPS reported | THB | 0.09 | 0.10 | |||||
| Operating cashflow per share | THB | 0.38 | 0.10 | |||||
| Capex per share | THB | 0.02 | 0.04 | |||||
| FCF per share | THB | 0.36 | 0.06 | |||||
| Free cash flow | THB m | 78 | 12 | |||||
| Net debt | THB m | -315 | -195 | |||||
| Book value equity | THB m | 434 | 402 | |||||
| Book value per share | THB | 2.01 | 1.87 | |||||
| Number of shares | m | 215.29 | 215.29 | |||||
| DPS (TTM paid) | THB | 0.05 | 0.05 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 48.09 | 42.73 | |||||
| P/B LTM | x | 2.18 | 2.25 | |||||
| P/S LTM | x | 0.74 | 0.77 | |||||
| P/FCF LTM | x | 12.13 | 73.07 | |||||
| EV/EBITDA LTM | x | 17.97 | 21.78 | |||||
| EV/Sales LTM | x | 0.50 | 0.61 | |||||
| Earnings Yield LTM | % | 2.08% | 2.34% | |||||
| FCF Yield | % | 8.25% | 1.37% | |||||
| Quality | ||||||||
| ROE | % | 4.54% | 4.99% | |||||
| ROIC | % | 2.47% | 3.31% | |||||
| Operating margin | % | 1.06% | 1.34% | |||||
| Gross margin | % | 21.99% | 21.22% | |||||
| FCF/Sales | % | 6.09% | 1.06% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | -34.64% | +568.71% | |||||
| Sales Growth YoY | % | -1.90% | -9.95% | |||||
| Net Income Growth YoY | % | -33.07% | +486.60% | |||||
| FCF Growth | % | -23.19% | - | |||||
| Operating Profit Growth | % | -54.68% | -50.90% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 2.28% | 1.19% | |||||
| Dividend Growth | % | -50.00% | -50.00% | |||||
| Payout Ratio | % | 109.46% | 50.94% | |||||
| FCF/Debt | x | 10.47 | 1.31 | |||||
| Net Debt/EBITDA | x | -8.64 | -5.98 | |||||
| EBIT/Net interest | x | 63.00 | 65.50 | |||||
| Net debt/market cap | % | -33.27% | -21.54% | |||||
| Net debt/Equity | x | -0.73 | -0.48 | |||||
| Gross debt/equity | x | 0.02 | 0.02 | |||||
Company overview
Pico (Thailand) Public Company Limited and its subsidiaries provide a comprehensive suite of exhibition management and related services throughout Thailand. Their expertise encompasses event marketing, branding initiatives, knowledge communication, and the production and distribution of digital content and media. The company's diverse operations are organized into five key segments: Exhibition Business, Event Marketing, Learning Center and Museum, Knowledge Communication, and Other Businesses. Beyond these primary areas, their offerings extend to the fabrication of booths for trade shows and exhibitions, equipment rental, and public relations activities. Additionally, they specialize in museum design and decoration, covering all aspects of exhibition conceptualization and construction, as well as providing graphic design and inkjet printing services. Established in 1981, Pico (Thailand) is headquartered in Bangkok.
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Pico (Thailand) Public Company Limited (PICO.BK)
Pico (Thailand) Public Company Limited and its subsidiaries provide a comprehensive suite of exhibition management and related services throughout Thailand. Their expertise encompasses event marketing, branding initiatives, knowledge communication, and the production and distribution of digital content and media. The company's diverse operations are organized into five key segments: Exhibition Business, Event Marketing, Learning Center and Museum, Knowledge Communication, and Other Businesses. Beyond these primary areas, their offerings extend to the fabrication of booths for trade shows and exhibitions, equipment rental, and public relations activities. Additionally, they specialize in museum design and decoration, covering all aspects of exhibition conceptualization and construction, as well as providing graphic design and inkjet printing services. Established in 1981, Pico (Thailand) is headquartered in Bangkok.
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