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GMM Grammy Public Company Limited

GMM Grammy Public Company Limited

GRAMMY.BK
GMM Grammy Public Company LimitedTH flagStock Exchange of Thailand
2.88
THB
-0.02
- -
2.36BMarket Cap
GMM Grammy Public Company Limited
GRAMMY.BK
(Stock Exchange of Thailand)

Recent

price

2.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
15.22
16.04
21.5
18.8
13.45
10.49
8.9
9.26
8.38
8.05
5.95
4.71
6.28
7.16
7.37
7.1
7.06
Revenue per Share
0.92
1.1
-0.61
-2.27
-3.66
-1.4
-0.63
-0.47
0.02
0.42
-0.21
0.61
0.2
-0.16
0.22
-0.08
-0.05
Basic EPS, GAAP
1.24
-0.07
-3.99
-2.4
-5.7
-0.25
-1.09
-0.15
-0.09
0.48
0.13
-0.16
0.11
-0.35
0.32
-0.32
-0.1
Free Cash Flow per Basic Share
0.75
0.89
- -
- -
- -
- -
- -
- -
- -
0.1
0.2
- -
- -
- -
- -
- -
- -
Dividend per Share
2.16
2.05
1.58
-0.67
-3.96
-4.64
-5.29
-4.92
-4.5
-0.52
-1.25
1.12
1.29
1.11
1.25
1.2
1.35
Book Value per Share
6.07
5.72
5.1
5.17
-2.49
-0.11
-1.01
0.99
-2,441.24
1.22
0.21
0.83
0.69
0.19
3.52
3.19
3.3
Tangible Book Value per Share
567
567
532
565
658
820
820
820
820
820
835
815
832
829
837
819
816
Basic Weighted Avg Shares
8,637
9,103
11,435
10,612
8,857
8,598
7,295
7,595
6,871
6,602
4,972
3,835
5,222
5,931
6,165
5,816
5,764
Sales/Revenue/Turnover
7.36
9.43
-1.29
-2.6
-10.95
-6.36
-0.46
-3.39
5.8
7.43
-1.35
-0.54
4.1
3.28
6.28
3.29
2.66
Operating Margin (%)
431
425
811
727
1,463
750
767
881
211
210
281
274
339
407
368
388
351
Depreciation Expense
523
626
-322
-1,283
-2,413
-1,145
-520
-384
15
342
-175
497
166
-133
184
-66
-45
Net Income, GAAP
27.95
30.2
- -
- -
- -
- -
- -
5,135.14
63.64
19.3
- -
0.87
8.83
- -
33.16
108.08
131.85
Effective Tax Rate (%)
6.06
6.87
-2.82
-12.09
-27.24
-13.32
-7.13
-5.06
0.22
5.18
-3.53
12.96
3.19
-2.24
2.99
-1.13
-0.78
Profit Margin (%)
1,097
1,095
-660
639
824
780
-935
85
111
283
-7
-451
40
-429
-389
-438
-332
Working Capital
206
282
198
299
3,360
1,655
624
580
486
309
930
514
1,495
1,539
579
1,092
1,097
LT Debt
3,815
3,712
3,929
3,486
3,484
2,034
1,468
1,107
1,144
1,331
958
1,482
1,638
1,523
4,639
4,659
4,774
Total Equity
9.09
11.43
- -
- -
- -
- -
- -
457.56
8.5
25.45
- -
-0.8
5.71
- -
5.43
-0.26
-0.83
Return on Invested Capital (%)
16.29
18.44
- -
- -
- -
- -
- -
356.23
0.64
-22.59
- -
35.7
7.07
- -
6.65
-4.95
-3.78
Return on Capital (%)
45.26
52.4
-32.22
- -
- -
- -
- -
- -
- -
- -
- -
- -
16.78
-13.31
18.72
-6.46
-3.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
625
579
238
LT Borrowings
39
114
149
LT Finance Leases
918
978
948
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
820
820
820
Market Capitalization
3,626
3,481
2,939

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,502
2,003
1,690
Cash, Cash Equivalents & STI
1,021
1,081
766
Accounts Receivable, Net
362
305
288
Inventories
342
234
258
Total Current Liabilities
2,896
2,440
2,022
Payables & Accruals
1,530
1,253
1,126
ST Debt
625
579
238
Deferred Revenue
691
604
600

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.25%
52.64%
0.44%
Free Cash Flow
-166.84%
-238.89%
-197.46%
Net Income, GAAP
77.48%
-200.81%
-135.59%
Sales/Revenue/Turnover
-2.4%
5.03%
-5.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,360
1,460
1,439
1,852
6,165
2025
1,595
1,292
1,324
1,605
5,816
2026
1,543
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.03
-0.03
- -
0.22
2025
0.13
- -
-0.14
- -
-0.08
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
GMM Grammy Public Company Limited is a leading media and entertainment conglomerate in Thailand engaged in the production and distribution of music, shows, concerts, digital and satellite television, radio, film, and publishing. The company’s main products and services include a broad portfolio of recorded music across multiple genres via subsidiaries such as Genie Records, Grammy Gold, White Music, GMMTV Records, and Genelab; live show and concert production under GMM SHOW; artist management; television production through its digital TV channels One 31 and GMM 25; film production via GDH 559; satellite and digital TV services through GMM Z; and a variety of publishing brands including Image, Madame Figaro, Her World, and Maxim. It further operates radio broadcasting through Atime Media with stations like EFM 94 and Green Wave 106.5 FM, and has expanded into home shopping and retail via Imagine record stores and various co-investments. In 2024, the company executed a significant strategic move by securing a call option agreement for an additional 10% equity stake in The ONE Enterprise Public Company Limited, underlining its commitment to strengthening its position in Thailand’s media sector; this follows its existing status as the largest shareholder with over 25% holding in ONEE and represents a transaction exceeding THB 900 million. Additionally, GMM Grammy has diversified its revenue streams by launching new concert and showbiz initiatives, expanding digital TV audience engagement through partnerships with channels like Thairath TV, and introducing new consumer products such as fresh food items. Established in 1983 and headquartered in Bangkok, GMM Grammy continually adapts its business model to market trends and maintains a strong presence across all parts of the Thai entertainment value chain, serving mass-market and niche consumer segments locally via its extensive brand, artist, and content portfolios.