F

Forth Corporation PCL
SET:FORTH

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Forth Corporation PCL
SET:FORTH
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Price: 5.65 THB -5.83% Market Closed
Market Cap: 5.3B THB
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+13%
5Y
+69%
10Y
+113%
Operating Income
+
3Y
0%
5Y
+87%
10Y
+64%
Net Income
+
3Y
-25%
5Y
+90%
10Y
+20%

Earnings Waterfall
Forth Corporation PCL

Revenue
10.8B THB
Cost of Revenue
-8.1B THB
Gross Profit
2.6B THB
Operating Expenses
-1.3B THB
Operating Income
1.3B THB
Other Expenses
-742.9m THB
Net Income
606.8m THB

Income Statement
Forth Corporation PCL

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Income Statement
Currency: THB
Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
10
17
24
33
42
46
47
47
44
50
53
57
64
71
80
86
89
88
84
81
79
76
85
101
126
145
152
149
138
122
110
99
91
89
90
91
91
92
98
101
105
101
97
93
89
92
97
106
115
124
130
131
129
128
123
116
110
102
97
94
91
87
83
80
76
77
78
83
90
102
119
140
165
189
202
209
211
204
0
0
0
Revenue
1 130
N/A
1 664
+47%
1 830
+10%
1 935
+6%
2 284
+18%
2 441
+7%
2 594
+6%
2 690
+4%
2 944
+9%
3 913
+33%
4 759
+22%
5 897
+24%
7 171
+22%
7 469
+4%
7 555
+1%
8 289
+10%
8 947
+8%
10 005
+12%
11 177
+12%
11 366
+2%
11 658
+3%
11 536
-1%
11 256
-2%
11 143
-1%
10 547
-5%
8 870
-16%
8 039
-9%
6 903
-14%
5 824
-16%
5 887
+1%
5 474
-7%
5 460
0%
4 926
-10%
4 471
-9%
4 102
-8%
3 485
-15%
3 658
+5%
4 277
+17%
4 560
+7%
4 914
+8%
5 059
+3%
5 022
-1%
5 085
+1%
5 203
+2%
5 212
+0%
5 262
+1%
5 580
+6%
6 170
+11%
6 640
+8%
6 950
+5%
7 342
+6%
7 224
-2%
7 240
+0%
7 815
+8%
7 509
-4%
7 429
-1%
7 253
-2%
6 519
-10%
6 403
-2%
6 263
-2%
6 391
+2%
6 792
+6%
7 198
+6%
7 668
+7%
7 903
+3%
8 513
+8%
8 682
+2%
8 864
+2%
9 519
+7%
9 431
-1%
9 871
+5%
10 402
+5%
10 113
-3%
9 530
-6%
8 997
-6%
8 778
-2%
8 669
-1%
8 902
+3%
9 115
+2%
9 288
+2%
10 782
+16%
Gross Profit
Cost of Revenue
(862)
(1 277)
(1 385)
(1 442)
(1 674)
(1 780)
(1 911)
(2 012)
(2 312)
(3 234)
(4 040)
(5 133)
(6 290)
(6 683)
(6 890)
(7 625)
(8 283)
(9 594)
(10 616)
(10 814)
(11 121)
(10 574)
(10 285)
(10 105)
(9 334)
(7 963)
(6 881)
(5 809)
(4 924)
(5 097)
(4 585)
(4 493)
(3 936)
(3 433)
(3 124)
(2 556)
(2 669)
(3 076)
(3 254)
(3 443)
(3 515)
(3 502)
(3 509)
(3 668)
(3 718)
(3 795)
(4 096)
(4 570)
(4 985)
(5 302)
(5 669)
(5 514)
(5 523)
(6 045)
(5 819)
(5 858)
(5 731)
(4 981)
(4 881)
(4 803)
(4 916)
(5 261)
(5 552)
(5 850)
(6 037)
(6 637)
(6 752)
(6 884)
(7 309)
(7 141)
(7 504)
(7 927)
(7 760)
(7 236)
(6 855)
(6 771)
(6 692)
(6 891)
(7 037)
(7 104)
(8 137)
Gross Profit
268
N/A
387
+45%
444
+15%
493
+11%
610
+24%
661
+8%
683
+3%
678
-1%
632
-7%
680
+8%
719
+6%
765
+6%
881
+15%
786
-11%
665
-15%
664
0%
664
0%
411
-38%
561
+36%
552
-1%
536
-3%
962
+79%
971
+1%
1 038
+7%
1 214
+17%
907
-25%
1 158
+28%
1 095
-5%
900
-18%
790
-12%
889
+13%
966
+9%
990
+2%
1 038
+5%
978
-6%
930
-5%
988
+6%
1 202
+22%
1 306
+9%
1 471
+13%
1 544
+5%
1 520
-2%
1 575
+4%
1 534
-3%
1 494
-3%
1 466
-2%
1 484
+1%
1 599
+8%
1 655
+4%
1 648
0%
1 673
+2%
1 709
+2%
1 717
+0%
1 770
+3%
1 689
-5%
1 571
-7%
1 521
-3%
1 537
+1%
1 522
-1%
1 460
-4%
1 475
+1%
1 531
+4%
1 646
+7%
1 819
+11%
1 866
+3%
1 876
+1%
1 930
+3%
1 980
+3%
2 210
+12%
2 290
+4%
2 368
+3%
2 475
+5%
2 353
-5%
2 294
-3%
2 142
-7%
2 007
-6%
1 978
-1%
2 012
+2%
2 079
+3%
2 184
+5%
2 646
+21%
Operating Income
Operating Expenses
(204)
(296)
(314)
(328)
(316)
(322)
(327)
(311)
(341)
(373)
(371)
(407)
(416)
(411)
(435)
(413)
(429)
(414)
(424)
(446)
(433)
(495)
(612)
(610)
(607)
(630)
(681)
(681)
(681)
(557)
(550)
(571)
(562)
(600)
(600)
(597)
(619)
(658)
(677)
(697)
(720)
(709)
(722)
(720)
(699)
(883)
(777)
(826)
(852)
(1 084)
(830)
(806)
(721)
(962)
(677)
(672)
(675)
(1 025)
(759)
(743)
(753)
(687)
(684)
(701)
(742)
(751)
(750)
(802)
(857)
(948)
(995)
(1 026)
(1 034)
(1 125)
(1 124)
(1 102)
(1 194)
(1 207)
(1 266)
(1 343)
(1 296)
Selling, General & Administrative
(211)
(306)
(325)
(328)
(340)
(346)
(353)
(357)
(366)
(389)
(387)
(416)
(423)
(423)
(445)
(425)
(439)
(439)
(452)
(480)
(502)
(530)
(540)
(554)
(579)
(644)
(697)
(693)
(689)
(604)
(598)
(624)
(624)
(654)
(665)
(671)
(699)
(758)
(790)
(820)
(842)
(816)
(835)
(837)
(830)
(883)
(941)
(1 005)
(1 058)
(1 084)
(1 026)
(1 015)
(980)
(962)
(948)
(955)
(961)
(1 025)
(1 056)
(1 031)
(1 047)
(978)
(970)
(995)
(1 040)
(1 051)
(1 081)
(1 138)
(1 221)
(1 271)
(1 318)
(1 351)
(1 340)
(1 415)
(1 432)
(1 412)
(1 484)
(1 454)
(1 494)
(1 547)
(1 482)
Other Operating Expenses
6
10
12
(1)
23
24
27
47
25
16
16
9
8
12
10
11
11
24
28
34
70
35
(72)
(56)
(28)
15
16
12
8
47
48
53
62
54
65
74
80
100
112
123
123
107
113
117
132
0
164
179
206
0
197
209
259
0
271
283
286
0
297
288
295
291
286
294
298
300
331
336
364
323
323
325
306
290
308
310
290
247
228
204
186
Operating Income
64
N/A
91
+43%
131
+44%
165
+26%
293
+78%
339
+16%
356
+5%
367
+3%
291
-21%
307
+5%
348
+13%
358
+3%
465
+30%
375
-19%
230
-39%
251
+9%
235
-7%
(4)
N/A
137
N/A
106
-22%
104
-3%
467
+350%
360
-23%
428
+19%
606
+42%
277
-54%
478
+72%
414
-13%
219
-47%
233
+6%
339
+45%
395
+17%
428
+8%
438
+2%
378
-14%
333
-12%
370
+11%
544
+47%
629
+16%
775
+23%
824
+6%
810
-2%
853
+5%
815
-5%
796
-2%
584
-27%
708
+21%
774
+9%
804
+4%
564
-30%
844
+49%
904
+7%
996
+10%
808
-19%
1 013
+25%
899
-11%
846
-6%
513
-39%
763
+49%
716
-6%
722
+1%
844
+17%
961
+14%
1 118
+16%
1 124
+1%
1 125
+0%
1 180
+5%
1 178
0%
1 353
+15%
1 342
-1%
1 373
+2%
1 449
+6%
1 319
-9%
1 169
-11%
1 018
-13%
905
-11%
784
-13%
805
+3%
813
+1%
841
+3%
1 350
+61%
Pre-Tax Income
Interest Income Expense
(12)
(17)
(23)
(21)
(34)
(35)
(37)
(37)
(35)
(39)
(41)
(47)
(58)
(77)
(94)
(88)
(79)
(73)
(39)
(18)
(44)
(10)
(40)
(53)
(86)
(159)
(161)
(152)
(141)
(110)
(107)
(102)
(95)
(102)
(88)
(91)
(91)
(98)
(99)
(106)
(109)
(103)
(101)
(89)
(88)
(83)
(95)
(102)
(110)
(124)
(143)
(127)
(124)
(120)
(99)
(111)
(106)
(97)
(92)
(91)
(82)
(99)
(89)
(71)
(64)
(38)
(43)
(57)
(69)
(86)
(108)
(130)
(156)
(192)
(204)
(212)
(218)
(200)
(198)
(197)
(191)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
(26)
(66)
(186)
(328)
(301)
(321)
(322)
165
149
163
260
(116)
0
0
0
278
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(6)
0
0
(47)
(43)
0
0
(2)
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
1
0
1
0
0
0
0
0
(1)
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
0
0
(0)
(0)
0
(0)
0
(0)
154
(0)
(0)
(0)
224
0
0
0
262
0
0
0
285
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
51
N/A
75
+46%
108
+44%
144
+34%
260
+80%
304
+17%
319
+5%
330
+3%
256
-22%
267
+4%
282
+5%
245
-13%
221
-10%
(30)
N/A
(166)
-452%
(158)
+4%
(167)
-5%
88
N/A
247
+180%
252
+2%
320
+27%
341
+7%
320
-6%
375
+17%
520
+39%
396
-24%
317
-20%
262
-17%
78
-70%
123
+57%
232
+88%
294
+27%
333
+14%
336
+1%
290
-14%
242
-17%
279
+15%
445
+60%
529
+19%
669
+26%
715
+7%
707
-1%
752
+6%
726
-4%
708
-2%
649
-8%
613
-6%
671
+9%
646
-4%
621
-4%
701
+13%
776
+11%
870
+12%
954
+10%
914
-4%
788
-14%
740
-6%
700
-5%
672
-4%
626
-7%
640
+2%
745
+16%
873
+17%
1 047
+20%
1 061
+1%
1 087
+3%
1 137
+5%
1 121
-1%
1 284
+15%
1 257
-2%
1 265
+1%
1 319
+4%
1 164
-12%
977
-16%
814
-17%
694
-15%
566
-18%
605
+7%
615
+2%
644
+5%
1 159
+80%
Net Income
Tax Provision
(31)
(43)
(52)
(62)
(83)
(90)
(94)
(88)
(63)
(55)
(66)
(62)
(75)
(48)
(21)
(24)
(17)
(19)
(26)
(22)
(11)
(28)
(30)
(28)
(25)
(26)
(16)
(12)
(13)
(20)
(9)
(30)
(39)
(52)
(47)
(37)
(40)
(46)
(52)
(69)
(78)
(101)
(112)
(101)
(98)
(59)
(53)
(61)
(57)
(61)
(72)
(93)
(108)
(134)
(134)
(113)
(97)
(95)
(89)
(82)
(92)
(99)
(125)
(151)
(159)
(192)
(176)
(191)
(229)
(231)
(257)
(247)
(223)
(170)
(147)
(142)
(120)
(157)
(174)
(181)
(295)
Income from Continuing Operations
21
32
55
82
177
213
225
242
193
212
216
183
146
(78)
(187)
(182)
(184)
69
221
230
309
313
290
347
495
371
301
250
65
103
222
264
295
284
243
205
239
399
478
599
637
606
641
625
610
590
560
610
589
560
629
683
763
820
780
674
643
606
582
544
549
646
748
896
901
895
960
930
1 055
1 025
1 008
1 071
941
806
667
551
445
448
441
462
864
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
2
3
3
3
2
0
5
0
5
5
0
(1)
(1)
(3)
(10)
(13)
(21)
(31)
(30)
(39)
(43)
(44)
(61)
(81)
(105)
(130)
(147)
(163)
(178)
(195)
(224)
(250)
(274)
(294)
(288)
(291)
(292)
(289)
(294)
(289)
(283)
(277)
(274)
(259)
(244)
(230)
(207)
(198)
(191)
(176)
(173)
(185)
(210)
(250)
(250)
(245)
(252)
(234)
(234)
(235)
(218)
(218)
(227)
(243)
(247)
(258)
Net Income (Common)
21
N/A
32
+56%
55
+73%
82
+48%
177
+116%
213
+20%
225
+6%
242
+8%
193
-20%
212
+10%
216
+2%
183
-15%
146
-20%
(78)
N/A
(186)
-139%
(181)
+3%
(181)
0%
72
N/A
224
+211%
232
+4%
309
+33%
318
+3%
295
-7%
352
+19%
500
+42%
370
-26%
300
-19%
249
-17%
62
-75%
93
+50%
209
+125%
243
+16%
263
+8%
254
-3%
204
-20%
162
-21%
196
+21%
338
+73%
397
+18%
495
+25%
507
+3%
460
-9%
478
+4%
447
-6%
414
-7%
366
-12%
310
-15%
336
+9%
295
-12%
272
-8%
337
+24%
392
+16%
474
+21%
526
+11%
491
-7%
391
-20%
367
-6%
331
-10%
323
-2%
300
-7%
319
+6%
439
+38%
550
+25%
705
+28%
725
+3%
723
0%
775
+7%
720
-7%
805
+12%
775
-4%
763
-2%
819
+7%
707
-14%
573
-19%
432
-25%
334
-23%
227
-32%
221
-3%
198
-11%
215
+9%
607
+182%
EPS (Diluted)
0.02
N/A
0.03
+50%
0.05
+67%
0.08
+60%
0.18
+125%
0.22
+22%
0.23
+5%
0.25
+9%
0.2
-20%
0.22
+10%
0.23
+5%
0.19
-17%
0.15
-21%
-0.08
N/A
-0.2
-150%
-0.19
+5%
-0.19
N/A
0.08
N/A
0.23
+188%
0.24
+4%
0.32
+33%
0.33
+3%
0.31
-6%
0.37
+19%
0.53
+43%
0.39
-26%
0.31
-21%
0.25
-19%
0.05
-80%
0.1
+100%
0.21
+110%
0.25
+19%
0.27
+8%
0.26
-4%
0.21
-19%
0.16
-24%
0.2
+25%
0.35
+75%
0.41
+17%
0.52
+27%
0.53
+2%
0.48
-9%
0.5
+4%
0.46
-8%
0.43
-7%
0.38
-12%
0.32
-16%
0.35
+9%
0.31
-11%
0.28
-10%
0.35
+25%
0.41
+17%
0.49
+20%
0.55
+12%
0.51
-7%
0.41
-20%
0.38
-7%
0.35
-8%
0.34
-3%
0.31
-9%
0.34
+10%
0.47
+38%
0.59
+26%
0.75
+27%
0.78
+4%
0.77
-1%
0.83
+8%
0.77
-7%
0.86
+12%
0.83
-3%
0.82
-1%
0.88
+7%
0.76
-14%
0.61
-20%
0.46
-25%
0.36
-22%
0.24
-33%
0.24
N/A
0.21
-13%
0.23
+10%
0.65
+183%

See Also

Summary
FORTH intrinsic value, competitors valuation, and company profile.
DCF Valuation
FORTH stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FORTH stock valuation using valuation multiples.
Wall Street Estimates
FORTH price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FORTH stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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