| 3M24 | 3M23 | 2023 | 2022 |
|---|
| Revenues | 151.90 | 83.13 | 617.04 | 319.86 |
| Expenses | 124.13 | 73.50 | 467.22 | 259.65 |
| Net Profit (Loss) | 21.20 | 7.66 | 119.25 | 47.85 |
| Assets | 628.00 | 219.80 | 605.39 | 185.41 |
| Liabilities | 152.06 | 122.58 | 150.65 | 80.99 |
| Shareholders' Equity | 475.94 | 97.22 | 454.74 | 104.41 |
| Operating | 26.46 | 14.75 | 170.48 | 65.03 |
| Investing | -341.58 | -2.28 | -153.79 | -6.17 |
| Financing | -42.14 | -0.20 | 269.92 | -15.77 |
| EPS (Baht) | 0.10 | 0.05 | 0.77 | 0.34 |
| GP Margin (%) | 44.58 | 39.29 | 44.57 | 38.26 |
| NP Margin (%) | 13.96 | 9.22 | 19.33 | 14.96 |
| D/E Ratio (x) | 0.32 | 1.26 | 0.33 | 0.78 |
| ROE (%) | 23.33 | 30.38 | 42.65 | 45.83 |
| ROA (%) | 22.22 | 15.12 | 37.84 | 32.47 |
In 2024 The company continued to focus on distributing products through online channels to support its goal of becoming the "Thailand Social Commerce Leader." It has adjusted all distribution channels of the company to MGI Shop to accommodate the increasing variety of product types. The company plans to develop new products to increase product diversity, as well as to select products from other manufacturers to distribute through the company's channels, providing more options for customers. Additionally, the company aims to expand its network of sellers within its system, as well as to enhance cooperation with business partners to explore new business opportunities.
Furthermore, the company is focusing on technology development to collect and link customer data across all business units of the company to enable customers to access all experiences from every business unit effectively. Moreover, the company has planned growth strategies for non-commercial business units, which account for at least 20 percent of its overall growth. The company considers and studies consumer behavior and external factors continuously to adapt its strategies promptly to potential changes.
The company has a policy and objectives for conducting sustainable business operations, taking into account the impacts and creating sustainability in all three dimensions: economic, environmental, and social. Additionally, the company focuses on developing products and services of high quality for the benefit of all stakeholders. Furthermore, the company adheres to principles of good corporate governance.
For the first quarter of 2024, compared to the first quarter of 2023, the company achieved the highest growth in sales revenue and other income categories. The company continues to grow in terms of revenue, gross profit, and net profit from operations. The company achieved a net profit of 21.20 million baht, a growth of 176.76%.
In the first quarter of 2024, the company had a total revenue of 151.90 million baht, with the revenue categories as follows:
- Revenue from commerce business: 92.47 million baht, an increase of 139.87% from the first quarter of 2023.
- Revenue from organizing contests was not recognized in the first quarter of 2024.
- Revenue from media and entertainment: 23.96 million baht, an increase of 21.50% from the first quarter of 2023.
- Revenue from artist management: 27.08 million baht, an increase of 35.33% from the first quarter of 2023.
- Revenue from MGI Hall rental services: 6.07 million baht, an increase of 56.85% from the first quarter of 2023.
- Other service revenue and other income: 2.32 million baht.
Overall, all of the company’s businesses had a net profit of 21.20 million baht, representing a net profit margin of 13.96%.
- In 2023, the company entered into a joint venture with CarMart Public Company Limited, with each party contributing 50.00 percent of the capital, to establish MGI Co., Ltd. The objective of this joint venture was to produce and distribute cosmetics or skincare products to expand and diversify the customer base.
- In the same year, the company invested 135 million baht to purchase land and buildings on October 10, 2023, for use as the company's headquarters.
- Additionally, the company engaged in securities trading on the Stock Exchange of Thailand (SET) on December 14, 2023, with securities valued at 1,039.50 million baht at the IPO price, using the abbreviation "MGI" for securities trading.
The reliance on a major shareholder who is also a key executive of the company poses significant risks. Currently, the company heavily relies on Mr. Nawat Itsaragrisil, the major shareholder and CEO, to lead and conduct its activities. Since Mr. Nawat Itsaragrisil is a prominent figure in society, he often serves as a presenter for the company's products. Therefore, any unforeseen events affecting Mr. Nawat or decisions made by him could disrupt or halt business activities, such as illness, death, divestment, or the decision to cease operations, which would impact the company's operations and revenue. The company acknowledges the importance and severity of this risk and has implemented risk management strategies. These include forming a working group to recruit knowledgeable and capable personnel, developing a succession plan for key positions, restructuring job responsibilities to reduce dependence on Mr. Nawat, and seeking new revenue opportunities through various channels or business units to lessen the company's reliance on him.
Global Beauties, an international beauty pageant analysis organization founded in 1998, ranks the top 5 Grand Slam Beauty Pageants annually. In September 2023, it was revealed that Miss Grand International (MGI) had secured a spot in the top five alongside Miss Universe, Miss World, Miss Supranational, and Miss International. Global Beauties specified that Miss Grand International is the fastest-growing pageant in the world, both in terms of sponsorship, viewership, and popularity, being organized by Thai individuals.
| as of 29/03/24 | MGI | CONSUMP | mai |
|---|---|---|---|
| P/E (X) | 63.84 | 64.26 | 109.40 |
| P/BV (X) | 16.74 | 1.85 | 2.11 |
| Dividend yield (%) | 0.97 | 1.05 | 1.80 |
| 29/03/24 | 28/12/23 | - | |
|---|---|---|---|
| Market Cap (MB) | 7,612.50 | 3,990.00 | N/A |
| Price (B/Share) | 36.25 | 19.00 | N/A |
| P/E (X) | 63.84 | 45.14 | N/A |
| P/BV (X) | 16.74 | 8.60 | N/A |