Nation Group (Thailand) Public Company Limited

NATION.BK

Publishing · Communication Services

Price

0.04 THB

+0.00 (+0.00%)

Market Cap

544.7M THB

Exchange

Stock Exchange of Thailand

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Jul 26, 2026 · filings through Mar 31, 2026

Share count falling — buybacks

−16.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 7.72B (2021) → 6.47B (2025)

Nation Group (Thailand) Public Company Limited, along with its subsidiary entities, operates within Thailand, primarily focusing on the publication and distribution of newspapers, in addition to delivering comprehensive advertising and news services. Its diverse operations are categorized into two main business units: 'Publishing and Advertising and Related New Media and Event' and 'Broadcasting and New Media and Related operations'. Beyond its core offerings, the company is also responsible for the production of television programs, the creation and dissemination of advertisements across both traditional television and contemporary new media channels, and the provision of digital publishing functionalities. Furthermore, Nation Group strategically invests in software applications specifically tailored for the financial and investment sectors. This enterprise, which was formerly recognized as Nation Multimedia Group Public Company Limited, commenced its activities in 1971 and is headquartered in the capital city of Bangkok, Thailand.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+69.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Cash Runway

~10 months

$25M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Nation Group (Thailand) Public Company Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

16.9%

Thin — 16.9% gross margin

Operating Margin

-22.8%

Losing money on operations — -22.8%

ROCE

-18.4%

Weak — -18.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+7.7%

Steady sales growth (7.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-3.6%

Burning cash (-3.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

2.64

Heavy debt load (2.64)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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