1. Thailand Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
Pan Asia Footwear Public Co. Ltd.

Pan Asia Footwear Public Co. Ltd.

0.79
THB
-0.01
(-1.25%)
0.05EPS
20.91P/E
507.60MMarket Cap
Pan Asia Footwear Public Co. Ltd.
SET:PAF
(Stock Exchange of Thailand)

Recent

price

0.79

P/E

ratio

20.91

div

yld

1.27%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
9.69
8.09
3.92
1.81
1.05
0.98
1.41
1.44
1.43
1.41
1.12
1.25
2.63
5.3
4.7
4.03
4
Revenue per Share
-1.91
-0.32
-1.84
0.44
0.06
0.3
0.45
-0.08
0.1
0.07
0.17
- -
0.04
- -
-0.01
0.04
0.04
Basic EPS, GAAP
-2.78
-1.25
-0.31
-0.42
-0.04
- -
-0.02
-0.06
0.07
0.07
0.02
0.01
0.25
-0.17
0.03
-0.1
0.19
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.02
0.02
- -
- -
0.01
0.01
0.01
0.01
0.01
- -
0.01
Dividend per Share
0.76
1.33
-0.38
0.05
0.1
0.4
0.84
0.73
0.83
0.89
1.1
1.09
1.11
1.12
1.1
1.13
1.17
Book Value per Share
0.75
1.32
-0.39
0.04
0.1
0.4
0.84
0.73
0.83
0.89
1.1
1.09
1.11
1.12
1.1
1.13
1.16
Tangible Book Value per Share
315
449
536
528
494
543
539
548
531
540
540
540
540
540
540
540
540
Basic Weighted Avg Shares
3,051
3,631
2,099
956
521
533
757
792
757
759
607
675
1,423
2,864
2,540
2,174
2,160
Sales/Revenue/Turnover
-35.41
-12.74
-48.19
-30.23
1.09
6.37
16.1
-1.5
0.64
-5.62
-1.29
-1.31
2.06
0.31
0.67
2.8
2.6
Operating Margin (%)
215
155
90
-273
13
15
27
25
23
20
64
32
34
35
35
33
35
Depreciation Expense
-601
-143
-985
232
30
163
242
-44
53
38
90
-2
21
-3
-5
22
24
Net Income, GAAP
- -
- -
- -
17.45
5.23
4.01
2.41
- -
1.43
1.35
1.66
- -
4.13
- -
513.86
20.7
16.74
Effective Tax Rate (%)
-19.7
-3.93
-46.94
24.28
5.69
30.57
32.02
-5.54
7.01
4.97
14.75
-0.29
1.49
-0.09
-0.21
0.99
1.12
Profit Margin (%)
-697
-409
-373
-69
-156
130
93
60
70
140
151
137
175
194
165
237
260
Working Capital
600
347
163
30
1
159
4
8
4
3
76
66
87
94
76
131
140
LT Debt
495
497
-202
35
66
274
485
433
489
541
623
612
626
636
625
649
673
Total Equity
- -
- -
- -
41.83
9.88
8.54
23.69
- -
1.35
11.25
0.31
- -
3.33
- -
-10.41
6.24
5.32
Return on Invested Capital (%)
- -
- -
- -
39.17
13.73
38.88
41.33
- -
8.92
5.54
14.1
- -
3.24
- -
-6.54
2.86
3.37
Return on Capital (%)
-86.24
-25.29
- -
- -
74.14
119.04
72.11
-10.33
12.62
8.14
16.61
-0.33
3.58
-0.43
-0.91
3.59
3.88
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
90
138
106
LT Borrowings
111
110
115
LT Finance Leases
20
27
25
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
540
540
540
Market Capitalization
378
346
508

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
527
585
710
Cash, Cash Equivalents & STI
78
128
214
Accounts Receivable, Net
238
235
251
Inventories
157
179
182
Total Current Liabilities
290
340
450
Payables & Accruals
187
187
324
ST Debt
90
138
106
Deferred Revenue
13
15
19

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.89%
0.85%
3.87%
Free Cash Flow
260.21%
634.92%
-387.57%
Net Income, GAAP
-197.96%
-359.55%
-497.39%
Sales/Revenue/Turnover
22%
39.5%
-14.42%
Total Cash Common Dividend
- -
-17.1%
-100%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
489
760
657
635
2,540
2025
468
703
472
532
2,174
2026
470
686
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.01
-0.02
- -
-0.01
2025
0.02
0.02
0.01
-0.01
0.04
2026
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
- -
- -
0.01
2025
- -
- -
- -
- -
- -
2026
- -
0.01
- -
- -
- -
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Business
Pan Asia Footwear Public Company Limited manufactures, distributes and exports footwear and bags from its base in Thailand; produces soles and footwear parts, plastic components via injection molding, polypropylene cutting boards, eyelets, rubber and EVA products; provides mold manufacturing and repair services; offers dyeing and finishing for fabrics including car seat covers, underwear, curtains, bedding and furniture with water repellent, fireproof and anti-bacterial treatments; and engages in organic farming. Founded in 1979 and headquartered in Chonburi, Thailand, the company operates through segments including footwear and bag production, footwear components, production support services and organic farming, exporting to markets such as the United States, United Kingdom, Poland, Netherlands, Vietnam and Indonesia. Subsidiaries comprise WBLP Co., Ltd., Pontex (Thailand) Co., Ltd. and Advantage Footwear Co., Ltd. In recent developments, the company reported a turnaround to net income of THB 29.13 million for the nine months ended September 30, 2025, versus a prior-year loss, alongside Q3 2025 sales of THB 471.97 million; management discussion and analysis for Q2 2025 highlighted ongoing operational reviews amid high capital expenditures and inconsistent margins.