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Thai Energy Storage Technology Public Company Limited

Thai Energy Storage Technology Public Company Limited

3K-BAT.BK
Thai Energy Storage Technology Public Company LimitedTH flagStock Exchange of Thailand
53.00
THB
- -
- -
4.16BMarket Cap
Thai Energy Storage Technology Public Company Limited
3K-BAT.BK
(Stock Exchange of Thailand)

Recent

price

53.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
TTM
FRC
310.74
71.22
60.53
68.93
- -
67.03
62.8
65.57
Revenue per Share
-7.18
0.34
-2.91
1.96
- -
1.59
1.85
2.08
Basic EPS, GAAP
- -
1.16
3.91
-1.33
- -
3.05
4.11
-0.51
Free Cash Flow per Basic Share
- -
0.13
0.25
0.25
- -
0.31
0.25
- -
Dividend per Share
80.09
15.03
22.41
24.17
- -
25.7
27.13
27.01
Book Value per Share
97.85
20.08
25.91
27.84
- -
29.75
31.33
31.24
Tangible Book Value per Share
20
78
79
78
- -
78
79
78
Basic Weighted Avg Shares
6,215
5,583
4,762
5,398
- -
5,249
4,931
5,143
Sales/Revenue/Turnover
-1.1
2.06
-4.11
2.87
- -
2.04
0.55
2.89
Operating Margin (%)
- -
271
243
209
- -
208
218
211
Depreciation Expense
-144
26
-229
153
- -
125
145
163
Net Income, GAAP
- -
64.5
- -
21.77
- -
27.32
22.81
21.47
Effective Tax Rate (%)
-2.31
0.47
-4.81
2.84
- -
2.37
2.95
3.17
Profit Margin (%)
169
207
366
1,208
1,113
1,205
1,346
1,229
Working Capital
- -
- -
17
678
580
442
258
80
LT Debt
1,978
1,589
2,082
2,218
2,259
2,360
2,485
2,474
Total Equity
- -
1.62
- -
4.14
- -
2.58
0.71
4.15
Return on Invested Capital (%)
- -
1.72
- -
6
- -
5.03
5.99
6.87
Return on Capital (%)
- -
1.9
-15.57
8.4
- -
6.31
7.01
7.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
123
118
227
LT Borrowings
207
196
34
LT Finance Leases
51
49
47
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
78
78
Market Capitalization
2,604
4,152
4,157

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
2,231
2,412
2,162
Cash, Cash Equivalents & STI
704
814
526
Accounts Receivable, Net
549
568
587
Inventories
842
873
894
Total Current Liabilities
885
940
933
Payables & Accruals
453
580
468
ST Debt
123
118
227
Deferred Revenue
109
41
37

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
9.84%
5.31%
Free Cash Flow
- -
- -
35.31%
Net Income, GAAP
- -
- -
16.66%
Sales/Revenue/Turnover
- -
- -
-6.06%
Total Cash Common Dividend
- -
- -
-19.35%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,509
1,371
1,181
1,189
5,249
2024
1,213
1,258
1,218
1,242
4,931
2025
1,347
1,335
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.97
1.01
-0.39
- -
1.59
2024
-0.01
-0.13
-0.3
- -
1.85
2025
1.19
-1.09
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.25
0.06
- -
- -
0.31
2024
- -
0.25
- -
- -
0.25
2025
- -
- -
- -
- -
- -
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Business
Thai Energy Storage Technology Public Company Limited manufactures and distributes lead-acid batteries in Thailand and internationally. The company offers automotive batteries, including low maintenance, maintenance-free, and enhanced flooded battery (EFB) types compliant with Japanese industrial standards (ISS); motorcycle batteries; traction batteries; lighting batteries; golf cart batteries based on deep cycle technology; and EB batteries based on deep cycle technology; under the house brands 3K, Tiger, KV, TSB, Tuflong, MAX CYCLE, and Lifttop. It also produces lead alloy and pure lead, and manufactures plastic casings for batteries. Thai Energy Storage Technology serves export and domestic replacement markets through over 200 dealers and more than 3,000 retail stores in Thailand, as well as original equipment manufacturers (OEMs). The company, founded in 1986 and headquartered at 387 Moo 4, Sukhumvit Road, Phraeksa, Mueang Samut Prakan, Thailand, operates as a subsidiary of Energywith Co., Ltd. In recent developments, Sustainable Battery Solutions, Inc. launched a tender offer in 2024 to acquire the remaining 48.17% stake at THB 79.09 per share, leading to the delisting of its shares from the Stock Exchange of Thailand effective December 13, 2024. The company was formed in October 2020 through the amalgamation of Hitachi Chemical Storage Battery (Thailand) Public Company Limited and Hitachi Chemical Gateway Battery (Thailand) Co., Ltd., following its prior name change from Thai Storage Battery Company Limited. Products adhere to international standards including JIS, DIN, SAE, IEC, TISI, ISO 9001, ISO/TS 16949, ISO 14001, and others such as Green Industry Level 3, ESMA of UAE, SNI Indonesia, and PS Mark Philippines.