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Vanachai Group Public Co., Ltd.

Vanachai Group Public Co., Ltd.

1.92
THB
+0.02
(+1.05%)
-0.56EPS
3.45BMarket Cap
Vanachai Group Public Co., Ltd.
SET:VNG
(Stock Exchange of Thailand)

Recent

price

1.92

P/E

ratio

- -

div

yld

0.00%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
6.12
6.53
6.23
5.41
6.86
6.89
7.08
7.86
6.54
6.02
5.07
7.48
7.57
8.15
7.8
6.51
6
Revenue per Share
0.53
0.3
0.18
-0.12
0.48
0.91
1.02
0.64
-0.24
-0.78
-0.36
0.75
0.41
0.02
0.13
-0.35
-0.54
Basic EPS, GAAP
1.15
0.2
0.24
0.92
0.63
0.75
0.84
-0.07
-1.18
-0.64
-0.42
0.95
0.61
0.51
1.1
-0.8
-1
Free Cash Flow per Basic Share
0.19
0.1
0.12
0.07
0.02
0.43
0.47
0.45
0.4
0.1
- -
0.1
0.4
0.1
0.07
0.05
- -
Dividend per Share
3.8
3.99
4.04
3.83
4.29
4.77
5.3
5.5
4.85
3.96
3.59
4.24
4.26
4.18
4.24
3.84
3.61
Book Value per Share
3.8
3.98
4.04
3.83
4.29
4.77
5.3
5.49
4.84
3.95
3.59
4.23
4.24
4.15
4.17
3.77
3.55
Tangible Book Value per Share
1,567
1,567
1,567
1,567
1,567
1,567
1,567
1,567
1,567
1,567
1,642
1,735
1,735
1,735
1,735
1,735
1,719
Basic Weighted Avg Shares
9,597
10,236
9,767
8,481
10,751
10,793
11,101
12,309
10,249
9,440
8,321
12,988
13,138
14,148
13,540
11,300
10,309
Sales/Revenue/Turnover
11.09
7.47
5.25
-0.34
8.57
15.08
15.92
9.65
-1.26
-11.24
-4.38
12.53
8.27
3.39
2.58
-2.94
-6.79
Operating Margin (%)
826
807
789
836
852
782
710
860
887
1,021
1,021
1,043
1,148
1,159
1,110
1,051
1,046
Depreciation Expense
827
467
284
-191
752
1,426
1,591
1,009
-371
-1,229
-590
1,294
717
27
230
-602
-934
Net Income, GAAP
6.69
9.49
8.63
- -
0.51
4.58
6.07
8.81
- -
- -
- -
1.7
11.23
60.51
25.1
- -
- -
Effective Tax Rate (%)
8.61
4.56
2.91
-2.25
7
13.22
14.34
8.2
-3.62
-13.02
-7.1
9.96
5.46
0.19
1.7
-5.33
-9.06
Profit Margin (%)
-259
-973
-755
-1,153
194
8
-438
79
-743
-1,263
6
954
200
165
312
-876
-801
Working Capital
3,879
3,058
3,124
2,565
2,646
1,919
1,249
2,292
3,990
5,351
7,232
6,689
5,532
5,146
4,568
5,029
5,877
LT Debt
5,958
6,248
6,336
6,003
6,727
7,489
8,324
8,642
7,637
6,242
6,276
7,411
7,469
7,335
7,445
6,726
6,329
Total Equity
8.09
5.87
3.61
- -
7.69
12.8
13.34
8.21
- -
- -
- -
9.14
5.86
1.25
3.51
- -
- -
Return on Invested Capital (%)
8.09
5.57
4.03
- -
8.07
13.09
13.73
8.47
- -
- -
- -
8.98
5.57
1.03
3.5
- -
- -
Return on Capital (%)
14.51
7.65
4.51
-3.09
11.82
20.08
20.16
11.92
-4.58
-17.82
-9.5
19.03
9.72
0.36
3.15
-8.58
-13.87
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,461
4,476
4,138
LT Borrowings
4,376
4,537
5,263
LT Finance Leases
653
638
615
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,735
1,735
1,735
Market Capitalization
3,054
3,384
3,453

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,331
5,132
5,221
Cash, Cash Equivalents & STI
589
560
452
Accounts Receivable, Net
1,038
832
669
Inventories
3,293
3,457
3,794
Total Current Liabilities
6,207
6,298
6,022
Payables & Accruals
1,146
1,284
1,083
ST Debt
4,461
4,476
4,138
Deferred Revenue
528
462
725

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.55%
1.78%
-9.67%
Free Cash Flow
98.63%
-89.09%
-172.99%
Net Income, GAAP
-4.06%
-11.57%
-361.39%
Sales/Revenue/Turnover
2.13%
8.82%
-16.54%
Total Cash Common Dividend
- -
- -
-28.57%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,188
3,255
3,511
3,585
13,540
2025
3,100
2,830
2,486
2,884
11,300
2026
2,537
2,401
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.12
0.1
-0.13
0.13
2025
-0.02
-0.02
-0.09
-0.22
-0.35
2026
-0.14
-0.09
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
0.05
- -
0.07
2025
- -
0.06
- -
- -
0.05
2026
- -
- -
- -
- -
- -
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Business
Vanachai Group Public Company Limited engages in the production and distribution of sustainable wood-based panels and related products in Thailand and internationally. Founded in 1943 and headquartered in Bangkok, the company manufactures medium-density fiberboards (MDF), particleboards, oriented strand boards (OSB), plywoods; melamine-faced panels, polyester and veneer on MDF boards, paper overlay on MDF; shuttering boards, moulded doors, melamine doors, doorskins; wall decorative panels, laminate flooring, flooring accessories; glue and impregnated paper products. It operates factories in Chonburi, Saraburi, Surat Thani, and Rayong, with the Surat Thani facility featuring five MDF lines, one particleboard line, and one OSB line, making it Asia's largest wood-based panel plant; the company also generates electricity from renewable biomass sources and provides transportation services. Vanachai adheres to a zero-waste, no-forest-wood philosophy, utilizing agricultural and wood waste for production with no carbon emissions. In 2019, it constructed a biomass power plant in Surat Thani; in 2020, it added an OSB plant there; recent related party transactions include lease amendments with Maeyai Co., Ltd. in November 2024 and disclosures involving Firstwood Co., Ltd. and Woodland Co., Ltd. through 2025.