1. Thailand Stocks

  2. •

    Retail trade

  3. •

    Discount stores
FN Factory Outlet Public Co. Ltd.

FN Factory Outlet Public Co. Ltd.

0.43
THB
+0.01
(+2.38%)
-0.06EPS
460.00MMarket Cap
FN Factory Outlet Public Co. Ltd.
SET:FN.R
(Stock Exchange of Thailand)

Recent

price

0.43

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
1.42
1.05
1.06
1
0.73
0.52
0.49
0.45
0.4
0.46
0.58
Revenue per Share
0.2
0.09
0.03
0.01
-0.03
-0.06
-0.09
-0.24
-0.09
-0.06
-0.06
Basic EPS, GAAP
0.15
-0.13
-0.14
-0.11
0.13
0.07
-0.07
0.02
0.02
-0.04
-0.05
Free Cash Flow per Basic Share
0.3
0.06
0.04
0.01
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.47
1.49
1.48
1.48
1.44
1.37
1.28
1.04
0.96
0.89
0.86
Book Value per Share
1.45
1.47
1.46
1.46
1.42
1.35
1.27
1.03
0.95
0.88
0.85
Tangible Book Value per Share
747
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
997
Basic Weighted Avg Shares
1,063
1,055
1,057
1,002
731
519
492
453
402
461
574
Sales/Revenue/Turnover
14.17
5.75
-1.41
0.85
-3.79
-13.2
-16.4
-64.6
-12.88
-11.76
-9.1
Operating Margin (%)
42
56
68
80
96
89
82
65
55
52
51
Depreciation Expense
146
86
29
9
-28
-63
-86
-241
-85
-64
-60
Net Income, GAAP
14.73
19.45
8.91
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
13.77
8.17
2.76
0.87
-3.79
-12.08
-17.47
-53.16
-21.22
-13.97
-10.48
Profit Margin (%)
844
646
642
638
604
547
482
246
111
100
109
Working Capital
1
2
83
84
197
154
148
137
114
93
13
LT Debt
1,465
1,491
1,483
1,480
1,439
1,371
1,281
1,041
962
889
856
Total Equity
- -
5.79
-0.88
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
5.83
1.93
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
5.83
1.96
0.59
-1.9
-4.47
-6.49
-20.75
-8.51
-6.96
-6.69
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
38
30
38
LT Borrowings
- -
- -
- -
LT Finance Leases
93
12
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,000
1,000
1,000
Market Capitalization
490
450
460

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
226
233
215
Cash, Cash Equivalents & STI
39
31
12
Accounts Receivable, Net
6
8
9
Inventories
153
158
154
Total Current Liabilities
126
113
106
Payables & Accruals
87
82
64
ST Debt
38
30
38
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-9.04%
-7.68%
Free Cash Flow
- -
-137.04%
-292.36%
Net Income, GAAP
- -
50.87%
-24.49%
Sales/Revenue/Turnover
- -
-7.75%
14.66%
Total Cash Common Dividend
- -
- -
-100%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
113
89
89
111
402
2025
81
88
140
151
461
2026
128
154
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-0.02
-0.01
-0.05
-0.09
2025
-0.01
-0.02
-0.01
-0.01
-0.06
2026
-0.01
-0.02
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
FN Factory Outlet Public Company Limited engages in merchandising clothing and consumer products in Thailand. The company offers a wide range of products including beddings, blankets, pillows; men's and women's apparel and underwear under brands such as Inco Men, Monsieur Inco, Inco Women, Madame Inco, Cheval, Cheval Black Collection, Lady De Cheval, Cheval Kid, Sleepmate, and Cushy. It also sells sofa, bin, and towel products; travel products; footwear; care products including alcohol sprays, baby wipes, and adult and baby diapers; honey products and snacks; as well as leather goods, furniture, and household items. FN Factory Outlet operates through approximately 12 outlets located along major travel routes in Thailand including Rayong, Chachoengsao, Ayutthaya, Sriracha, Hua Hin, Singburi, Pak Chong, Pattaya, Kanchanaburi, and Phetchaburi, with additional sales through its online store. The company also provides space rental and utility services, and through its subsidiary Save Life International Company Limited, it sells snacks, household products, cosmetics, and souvenirs. Founded in 2000 and headquartered in Bangkok, Thailand, FN Factory Outlet recently launched new products in collaboration such as the "Sophie La Giraffe-Naobaybaby-Anne Geddes" collection in 2023. In 2024, the company appointed Benyiam Songwatana as CEO to steer strategic growth. Financially, the company reported a sales increase in 2025 despite a net loss, reflecting ongoing efforts to expand its product offerings and market reach while managing operational challenges. These developments underline FN Factory Outlet’s commitment to diversify its product line and strengthen its retail presence in Thailand’s consumer market.