Jaymart Group continues to conduct its business operations under the collaboration of its subsidiary and associate companies, emphasizing 6 core business lines focusing on retail and financial services with technology, under the operational philosophy of "The Power of Synergy." This is a key strategic approach to establish an ecosystem in operations aimed at delivering returns to shareholders.
| 3M24 | 3M23 | 2023 | 2022 |
|---|
| Revenues | 3,799.58 | 3,562.18 | 14,585.65 | 14,741.59 |
| Expenses | 3,133.64 | 2,904.47 | 11,867.91 | 11,882.47 |
| Net Profit (Loss) | 235.83 | -294.73 | -447.01 | 1,794.96 |
| Assets | 60,196.92 | 58,075.22 | 62,239.65 | 55,401.15 |
| Liabilities | 27,038.61 | 24,083.93 | 29,511.84 | 24,619.75 |
| Shareholders' Equity | 18,859.06 | 20,003.42 | 18,618.99 | 18,965.07 |
| Operating | 566.46 | 200.06 | -1,113.21 | -909.14 |
| Investing | 898.17 | -2,379.77 | -5,223.78 | -3,133.72 |
| Financing | -2,444.67 | 1,881.02 | 4,369.69 | 5,557.38 |
| EPS (Baht) | 0.16 | -0.20 | -0.31 | 1.27 |
| GP Margin (%) | 32.09 | 30.49 | 7.78 | 9.58 |
| NP Margin (%) | 11.52 | -2.07 | 4.11 | 17.74 |
| D/E Ratio (x) | 0.82 | 0.71 | 0.90 | 0.80 |
| ROE (%) | 0.43 | 6.21 | -2.38 | 9.91 |
| ROA (%) | 4.63 | 6.03 | 3.49 | 7.40 |
Jaymart Group continues to conduct its business operations under the collaboration of its subsidiary and associate companies, emphasizing 6 core business lines focusing on retail and financial services with technology, under the operational philosophy of "The Power of Synergy."
Our company is committed to continuous development across all dimensions: environmental, economic, social, and good corporate governance. We emphasize establishing robust processes and guidelines within the organization and extending these practices to nearby communities (Inside-Out approach). Our activities aim to meet goals aligned with international principles, including the United Nations Sustainable Development Goals (UN SDGs).
Our company is committed to addressing global warming and mitigating the increase in the average global temperature due to the greenhouse effect. To tackle this pressing issue, we focus on comprehensive waste management from origin to destination. Our approach includes designing and implementing plans to reduce resource use and minimize waste generation, thereby creating sustainability and concretely solving environmental problems for our organization. In Q1/2024, we achieved a significant milestone by reducing greenhouse gas emissions by 4,439 kilograms of carbon. This reduction is equivalent to planting 494 large trees that are 10 years old, as calculated using the Climate Care Platform by the Stock Exchange of Thailand.
Additionally, in Q1/2024, the company conducted a comprehensive Human Rights Due Diligence (HRDD), focusing on environmental, labor rights, and human rights issues. This due diligence process included risk assessments across various areas to identify potential impacts and establish guidelines for prevention and mitigation. The findings and guidelines are disclosed on the company's website to ensure transparency and accountability.
- Subsidiaries within the core business demonstrated robust net profits in the first quarter of 2024, with notable performance in the distressed debt management sector and the mobile phone distribution business.
- The company realized significant returns from its investments made in 2023, contributing to substantial profits in the first quarter of 2024.
The total revenue of the Company for the first quarter of 2024 amounted to 3,574.6 million baht, increasing by 197.2 million baht, or 5.8 percent, compared to the same period of the previous year. This revenue growth of the group of companies is attributed to the effective management and debt collection of JMT. The breakdown of revenue in the financial statements is as follows:
1. Revenue from contracts with customers amounted to 2,296.2 million baht, increasing by 51.4 million baht, or 2.3 percent, from the same period of the previous year. This increase is mainly due to increased sales in the mobile business segment from new product offerings.
2. Interest income from loans receivable from purchase of accounts receivable and loans to customers, which are revenue from the financial business segment of JMT, amounted to 1,129 million baht. This represents an increase of 159.2 million baht, or 16.4 percent, from the same period of the previous year, primarily due to increased cash flow from bad debt collection compared to the previous year.
3. Rental income amounted to 92.5 million baht, increasing by 4.4 million baht, or 5 percent, from the same period of the previous year. This increase is attributed to the expansion of leased space from completed projects in the previous year, namely JAS Green Village Bang Bua Thong and Senera Kubon.
4. Insurance income amounted to 56.8 million baht, decreasing by 17.9 million baht, or 24 percent, from the same period of the previous year due to the consideration of insurance underwriting to control insurance risk.
The Company's total cost of sales and services amounted to 2,365.1 million baht, increasing by 110.2 million baht or 4.9% compared to the same period of the previous year. This increase is attributed to the rise in revenue.
The Company recorded an initial profit of 1,209.4 million baht, representing a 7.7% increase compared to the same period of the previous year. This growth is primarily driven by the increase in revenue across all main business segments, particularly in the debt management business.
The consolidated financial statements show that the Company had a net profit attributable to shareholders of 235.8 million Baht increasing from 530.5 million baht in the same period of the previous year. This represents a net profit margin of 6.6% and earnings per share equal to 0.16 baht
The company has integrated technology into its core business groups, particularly in the retail and financial sectors. Additionally, the company has invested in BKD and is currently in discussions regarding the development of a real estate project on BKD's prime land. Pending successful financial and project feasibility studies, we will proceed with the development.
To enhance management efficiency, the company has adopted advanced technologies, with a particular emphasis on the financial business sector.
| as of 29/03/24 | JMART | ICT | SET |
|---|---|---|---|
| P/E (X) | - | 25.58 | 18.10 |
| P/BV (X) | 1.14 | 2.56 | 1.33 |
| Dividend yield (%) | - | 3.99 | 3.38 |
| 29/03/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 21,427.09 | 25,216.92 | 58,148.31 |
| Price (B/Share) | 14.70 | 17.30 | 40.75 |
| P/E (X) | - | - | 19.98 |
| P/BV (X) | 1.14 | 1.34 | 3.46 |
