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Modernform Group PCL
SET:MODERN

Watchlist Manager
Modernform Group PCL
SET:MODERN
Watchlist
Price: 1.99 THB -0.5% Market Closed
Market Cap: ฿1.5B
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-4%
5Y
-27%
10Y
-15%
Operating Income
+
3Y
+44%
5Y
-47%
10Y
-71%
Net Income
+
3Y
+146%
5Y
-28%
10Y
-75%

Earnings Waterfall
Modernform Group PCL

Income Statement
Modernform Group PCL

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Income Statement
Currency: THB
Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 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
9
10
10
11
13
14
15
15
15
15
13
12
10
9
9
9
7
15
16
17
21
14
13
11
7
5
5
5
5
6
5
5
6
5
5
5
5
5
6
6
5
5
8
11
15
6
5
3
(0)
10
7
7
7
9
9
9
8
8
9
9
10
11
0
0
0
9
0
0
0
7
0
0
0
6
0
0
0
7
0
0
0
9
0
0
0
3
0
0
0
Revenue
1 946
N/A
2 046
+5%
2 220
+9%
2 340
+5%
2 528
+8%
2 716
+7%
2 859
+5%
2 921
+2%
2 907
0%
3 001
+3%
3 105
+3%
2 945
-5%
2 882
-2%
2 786
-3%
2 650
-5%
2 655
+0%
2 632
-1%
2 523
-4%
2 511
0%
2 585
+3%
2 682
+4%
2 754
+3%
2 749
0%
2 572
-6%
2 439
-5%
2 325
-5%
2 384
+3%
2 457
+3%
2 576
+5%
2 722
+6%
2 951
+8%
2 998
+2%
2 986
0%
2 968
-1%
2 928
-1%
2 845
-3%
2 833
0%
2 954
+4%
3 136
+6%
3 208
+2%
3 373
+5%
3 384
+0%
3 494
+3%
3 920
+12%
4 373
+12%
4 991
+14%
3 746
-25%
3 380
-10%
3 053
-10%
2 657
-13%
3 802
+43%
3 758
-1%
3 533
-6%
3 279
-7%
3 245
-1%
3 089
-5%
3 049
-1%
3 086
+1%
3 082
0%
3 052
-1%
3 172
+4%
3 151
-1%
3 299
+5%
3 286
0%
3 191
-3%
3 253
+2%
3 109
-4%
3 220
+4%
3 217
0%
3 125
-3%
2 924
-6%
2 742
-6%
2 634
-4%
2 394
-9%
2 377
-1%
2 348
-1%
2 321
-1%
2 354
+1%
2 395
+2%
2 402
+0%
2 474
+3%
2 585
+5%
2 525
-2%
2 436
-4%
2 437
+0%
2 392
-2%
2 482
+4%
2 484
+0%
2 407
-3%
2 270
-6%
Gross Profit
Cost of Revenue
(1 314)
(1 363)
(1 469)
(1 557)
(1 680)
(1 825)
(1 908)
(1 969)
(1 950)
(1 999)
(2 023)
(1 888)
(1 814)
(1 709)
(1 597)
(1 627)
(1 623)
(1 555)
(1 537)
(1 561)
(1 614)
(1 658)
(1 653)
(1 565)
(1 495)
(1 445)
(1 455)
(1 520)
(1 594)
(1 649)
(1 725)
(1 763)
(1 718)
(1 718)
(1 692)
(1 693)
(1 687)
(1 756)
(1 796)
(1 885)
(2 034)
(2 039)
(2 041)
(2 502)
(2 872)
(3 439)
(2 415)
(2 132)
(1 868)
(1 485)
(2 500)
(2 498)
(2 355)
(2 219)
(2 192)
(2 078)
(2 039)
(2 060)
(2 053)
(2 034)
(2 127)
(2 151)
(2 306)
(2 296)
(2 236)
(2 222)
(2 094)
(2 187)
(2 225)
(2 207)
(2 045)
(1 883)
(1 753)
(1 564)
(1 578)
(1 614)
(1 635)
(1 663)
(1 676)
(1 652)
(1 682)
(1 773)
(1 727)
(1 679)
(1 655)
(1 587)
(1 657)
(1 641)
(1 599)
(1 533)
Gross Profit
632
N/A
683
+8%
752
+10%
783
+4%
849
+8%
891
+5%
951
+7%
953
+0%
957
+0%
1 002
+5%
1 083
+8%
1 056
-2%
1 068
+1%
1 077
+1%
1 053
-2%
1 028
-2%
1 009
-2%
968
-4%
974
+1%
1 024
+5%
1 068
+4%
1 096
+3%
1 096
+0%
1 007
-8%
943
-6%
880
-7%
930
+6%
937
+1%
982
+5%
1 073
+9%
1 227
+14%
1 235
+1%
1 269
+3%
1 250
-1%
1 236
-1%
1 152
-7%
1 146
-1%
1 198
+5%
1 340
+12%
1 323
-1%
1 339
+1%
1 345
+0%
1 453
+8%
1 418
-2%
1 502
+6%
1 552
+3%
1 332
-14%
1 247
-6%
1 185
-5%
1 171
-1%
1 302
+11%
1 260
-3%
1 178
-7%
1 061
-10%
1 052
-1%
1 011
-4%
1 010
0%
1 026
+2%
1 029
+0%
1 018
-1%
1 045
+3%
1 000
-4%
993
-1%
990
0%
955
-4%
1 031
+8%
1 015
-2%
1 033
+2%
992
-4%
917
-8%
879
-4%
859
-2%
882
+3%
830
-6%
799
-4%
734
-8%
686
-7%
691
+1%
719
+4%
750
+4%
791
+5%
812
+3%
798
-2%
758
-5%
782
+3%
805
+3%
825
+2%
843
+2%
808
-4%
737
-9%
Operating Income
Operating Expenses
(504)
(487)
(525)
(525)
(553)
(576)
(625)
(617)
(630)
(634)
(667)
(654)
(652)
(660)
(681)
(668)
(681)
(686)
(694)
(657)
(663)
(657)
(719)
(707)
(683)
(685)
(681)
(639)
(657)
(679)
(787)
(738)
(698)
(735)
(859)
(740)
(803)
(784)
(884)
(862)
(880)
(905)
(1 023)
(925)
(969)
(978)
(904)
(878)
(849)
(858)
(927)
(904)
(883)
(860)
(902)
(841)
(837)
(783)
(870)
(748)
(760)
(755)
(864)
(787)
(807)
(839)
(826)
(831)
(767)
(748)
(717)
(695)
(693)
(676)
(664)
(645)
(631)
(628)
(662)
(678)
(699)
(719)
(715)
(751)
(727)
(717)
(710)
(662)
(676)
(647)
Selling, General & Administrative
(479)
(504)
(525)
(541)
(567)
(593)
(625)
(642)
(658)
(673)
(667)
(679)
(675)
(678)
(681)
(685)
(697)
(702)
(694)
(673)
(673)
(664)
(707)
(708)
(696)
(700)
(674)
(697)
(714)
(734)
(778)
(791)
(813)
(854)
(847)
(852)
(853)
(830)
(867)
(888)
(900)
(916)
(1 030)
(929)
(970)
(997)
(909)
(887)
(867)
(857)
(945)
(917)
(903)
(886)
(860)
(859)
(857)
(850)
(847)
(838)
(830)
(810)
(823)
(825)
(863)
(868)
(856)
(848)
(775)
(754)
(730)
(721)
(718)
(690)
(689)
(666)
(654)
(662)
(671)
(683)
(705)
(731)
(737)
(775)
(749)
(726)
(718)
(672)
(681)
(659)
Other Operating Expenses
(25)
17
0
15
15
17
0
26
28
38
0
25
23
18
0
17
16
16
0
16
9
7
(13)
1
13
15
(7)
58
57
54
(9)
52
115
119
(12)
112
50
46
(17)
26
20
11
7
4
1
19
5
9
17
(0)
18
13
19
26
(41)
17
19
67
(24)
90
70
55
(40)
38
56
29
30
17
8
6
13
26
25
15
25
21
23
34
9
6
6
12
22
24
22
9
8
9
5
12
Operating Income
128
N/A
196
+53%
227
+15%
258
+14%
296
+15%
315
+6%
326
+4%
336
+3%
327
-3%
367
+12%
416
+13%
402
-3%
416
+3%
417
+0%
372
-11%
360
-3%
328
-9%
282
-14%
279
-1%
367
+31%
404
+10%
439
+9%
377
-14%
300
-20%
260
-13%
195
-25%
249
+28%
299
+20%
325
+9%
393
+21%
439
+12%
496
+13%
571
+15%
515
-10%
378
-27%
412
+9%
343
-17%
414
+21%
457
+10%
461
+1%
459
0%
440
-4%
430
-2%
493
+15%
533
+8%
574
+8%
428
-25%
369
-14%
335
-9%
314
-6%
376
+20%
356
-5%
294
-17%
201
-32%
151
-25%
170
+12%
173
+2%
243
+40%
158
-35%
270
+71%
285
+5%
245
-14%
129
-47%
204
+57%
148
-27%
192
+29%
189
-1%
202
+7%
225
+11%
169
-25%
162
-4%
164
+1%
189
+15%
154
-18%
135
-12%
89
-34%
55
-39%
62
+14%
57
-9%
72
+28%
92
+27%
93
+1%
83
-10%
6
-92%
54
+771%
88
+62%
115
+30%
181
+58%
132
-27%
90
-32%
Pre-Tax Income
Interest Income Expense
18
42
37
37
37
39
48
47
53
43
35
32
33
44
60
71
77
96
111
95
94
80
107
110
110
115
107
108
115
118
134
92
81
65
120
55
70
67
70
71
76
82
83
67
520
501
495
496
10
11
469
472
469
470
11
9
8
11
5
2
6
6
4
2
0
(1)
(0)
(4)
11
4
17
11
(11)
(12)
(16)
(22)
(13)
(10)
9
2
(2)
(2)
1
5
17
23
51
46
33
31
Non-Reccuring Items
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
11
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
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
Total Other Income
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
0
0
0
0
0
0
0
0
0
(0)
(0)
0
(0)
(0)
(0)
0
0
0
0
54
0
(0)
0
113
(0)
0
0
72
0
0
0
(4)
0
0
0
(5)
0
0
0
(7)
0
0
0
(6)
0
0
0
(4)
0
0
0
(10)
0
0
0
Pre-Tax Income
146
N/A
239
+64%
264
+11%
295
+12%
334
+13%
354
+6%
375
+6%
383
+2%
380
-1%
410
+8%
450
+10%
434
-4%
449
+4%
462
+3%
432
-6%
431
0%
405
-6%
378
-7%
390
+3%
462
+18%
498
+8%
519
+4%
484
-7%
410
-15%
371
-10%
310
-16%
367
+18%
407
+11%
441
+8%
511
+16%
573
+12%
588
+3%
652
+11%
580
-11%
498
-14%
467
-6%
413
-12%
482
+17%
527
+9%
532
+1%
535
+1%
522
-2%
514
-2%
560
+9%
1 052
+88%
1 075
+2%
923
-14%
865
-6%
345
-60%
324
-6%
845
+161%
828
-2%
763
-8%
671
-12%
216
-68%
178
-17%
181
+2%
254
+40%
276
+9%
272
-1%
291
+7%
251
-13%
206
-18%
206
+0%
148
-28%
190
+28%
185
-3%
198
+7%
236
+19%
174
-26%
174
+0%
175
+1%
178
+2%
142
-20%
111
-22%
67
-40%
41
-39%
52
+27%
59
+14%
74
+26%
90
+20%
91
+1%
80
-12%
11
-86%
71
+523%
111
+56%
156
+40%
226
+45%
165
-27%
121
-27%
Net Income
Tax Provision
(25)
(40)
(54)
(67)
(83)
(89)
(91)
(95)
(92)
(98)
(113)
(105)
(106)
(107)
(91)
(94)
(87)
(81)
(87)
(109)
(111)
(115)
(100)
(72)
(68)
(50)
(65)
(77)
(82)
(100)
(145)
(154)
(159)
(150)
(114)
(100)
(94)
(103)
(104)
(103)
(101)
(95)
(87)
(101)
(205)
(210)
(184)
(172)
(68)
(66)
(216)
(213)
(200)
(180)
(40)
(33)
(34)
(48)
(54)
(54)
(58)
(56)
(71)
(75)
(73)
(76)
(62)
(62)
(53)
(42)
(32)
(31)
(39)
(35)
(26)
(21)
(20)
(14)
(20)
(20)
(21)
(22)
(20)
(19)
(17)
(22)
(20)
(20)
(23)
(24)
Income from Continuing Operations
120
199
210
228
251
265
284
289
289
312
337
329
343
355
341
337
318
297
303
353
386
405
384
338
303
260
302
331
359
411
428
435
493
431
384
367
318
378
424
429
434
427
426
459
848
865
739
693
277
258
628
615
563
490
176
146
147
205
222
218
232
195
135
131
75
114
123
136
183
132
142
144
139
107
85
46
21
38
39
54
69
69
60
(7)
54
90
136
207
142
97
Income to Minority Interest
(9)
(8)
(7)
(7)
(5)
(5)
(4)
(6)
(10)
(13)
(15)
(11)
(7)
(3)
1
0
0
1
1
1
1
0
(1)
(2)
(2)
(3)
(3)
(2)
(2)
(1)
(1)
(5)
(8)
(8)
(11)
(7)
(5)
(14)
(14)
(14)
(13)
(7)
(6)
(15)
(30)
(37)
(0)
9
21
30
(5)
(4)
(0)
(1)
(3)
(6)
(7)
(6)
(6)
(3)
(2)
(2)
3
4
4
3
3
1
1
0
(0)
0
1
3
3
3
2
0
(0)
(1)
(1)
(1)
(0)
1
0
(0)
(1)
(2)
(2)
(2)
Net Income (Common)
111
N/A
192
+73%
203
+6%
221
+9%
246
+11%
261
+6%
280
+7%
283
+1%
279
-1%
299
+7%
322
+8%
318
-1%
336
+6%
352
+5%
342
-3%
337
-1%
319
-6%
298
-7%
304
+2%
353
+16%
388
+10%
405
+4%
383
-5%
337
-12%
301
-11%
257
-14%
300
+16%
328
+10%
356
+8%
410
+15%
427
+4%
430
+0%
485
+13%
423
-13%
374
-12%
360
-4%
313
-13%
364
+16%
410
+13%
415
+1%
421
+1%
419
0%
421
+0%
444
+6%
818
+84%
829
+1%
785
-5%
764
-3%
371
-51%
373
+1%
662
+77%
634
-4%
574
-9%
489
-15%
173
-65%
139
-19%
140
+0%
199
+43%
216
+8%
215
0%
230
+7%
193
-16%
137
-29%
134
-2%
79
-41%
117
+48%
126
+7%
137
+9%
183
+34%
132
-28%
142
+8%
144
+2%
140
-3%
109
-22%
88
-19%
48
-45%
23
-52%
38
+64%
39
+2%
54
+37%
68
+27%
68
+0%
60
-12%
(7)
N/A
54
N/A
90
+66%
135
+51%
204
+51%
140
-32%
95
-32%
EPS (Diluted)
0.14
N/A
0.24
+71%
0.25
+4%
0.27
+8%
0.3
+11%
0.32
+7%
0.35
+9%
0.35
N/A
0.35
N/A
0.38
+9%
0.41
+8%
0.4
-2%
0.42
+5%
0.44
+5%
0.43
-2%
0.39
-9%
0.42
+8%
0.37
-12%
0.37
N/A
0.44
+19%
0.47
+7%
0.49
+4%
0.46
-6%
0.41
-11%
0.37
-10%
0.32
-14%
0.37
+16%
0.41
+11%
0.45
+10%
0.55
+22%
0.56
+2%
0.59
+5%
0.68
+15%
0.6
-12%
0.52
-13%
0.51
-2%
0.44
-14%
0.51
+16%
0.57
+12%
0.58
+2%
0.58
N/A
0.57
-2%
0.57
N/A
0.59
+4%
1.09
+85%
1.1
+1%
1.04
-5%
1.01
-3%
0.49
-51%
0.49
N/A
0.88
+80%
0.84
-5%
0.75
-11%
0.65
-13%
0.23
-65%
0.19
-17%
0.19
N/A
0.27
+42%
0.29
+7%
0.28
-3%
0.3
+7%
0.25
-17%
0.18
-28%
0.18
N/A
0.11
-39%
0.16
+45%
0.17
+6%
0.18
+6%
0.24
+33%
0.18
-25%
0.19
+6%
0.19
N/A
0.19
N/A
0.15
-21%
0.12
-20%
0.06
-50%
0.03
-50%
0.05
+67%
0.05
N/A
0.07
+40%
0.09
+29%
0.09
N/A
0.08
-11%
-0.01
N/A
0.07
N/A
0.12
+71%
0.18
+50%
0.27
+50%
0.19
-30%
0.13
-32%

See Also

Summary
MODERN intrinsic value, competitors valuation, and company profile.
DCF Valuation
MODERN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MODERN stock valuation using valuation multiples.
Wall Street Estimates
MODERN 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
MODERN 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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