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Applied DB Public Company Limited

Applied DB Public Company Limited

ADB.BK
Applied DB Public Company LimitedTH flagStock Exchange of Thailand
0.67
THB
+0.01
- -
486.42MMarket Cap
Applied DB Public Company Limited
ADB.BK
(Stock Exchange of Thailand)

Recent

price

0.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.82
2.78
2.53
1.96
1.88
1.71
2.31
2.97
1.32
1.27
1.14
1.15
Revenue per Share
0.07
0.15
0.05
0.02
- -
0.09
0.1
-0.01
-0.06
0.05
0.04
0.05
Basic EPS, GAAP
0.05
-0.01
-0.2
-0.11
0.07
0.11
-0.04
-0.22
0.22
0.5
0.11
0.13
Free Cash Flow per Basic Share
0.01
0.1
0.06
0.02
0.01
0.01
0.05
0.05
- -
- -
0.02
0.02
Dividend per Share
- -
0.58
0.69
0.51
0.5
0.53
0.63
0.58
0.52
0.56
0.58
0.62
Book Value per Share
- -
0.58
1.08
0.81
0.8
0.81
0.94
0.88
0.83
0.87
0.89
0.93
Tangible Book Value per Share
508
508
542
726
726
799
726
726
726
728
729
711
Basic Weighted Avg Shares
1,434
1,412
1,372
1,421
1,364
1,369
1,678
2,155
962
926
833
816
Sales/Revenue/Turnover
4.56
7.52
0.75
1.72
0.72
7.02
5.43
0.5
-7.47
-7.23
1.8
2.03
Operating Margin (%)
37
34
35
37
45
48
52
53
57
53
26
26
Depreciation Expense
34
76
29
13
3
70
76
-7
-47
34
28
34
Net Income, GAAP
28.73
20.82
10.68
23.25
7.35
18.77
20.63
- -
- -
- -
6.06
8.19
Effective Tax Rate (%)
2.4
5.36
2.12
0.92
0.24
5.09
4.51
-0.32
-4.86
3.7
3.33
4.17
Profit Margin (%)
- -
-34
196
99
152
219
245
184
149
143
131
101
Working Capital
- -
9
43
28
82
71
46
12
36
42
38
38
LT Debt
- -
298
585
586
581
645
684
644
601
635
648
665
Total Equity
- -
22.57
1.11
1.98
0.93
8.21
7.11
- -
- -
- -
1.67
1.77
Return on Invested Capital (%)
- -
20.63
5.69
2.84
2.14
10.65
10.28
- -
- -
- -
5.58
6.22
Return on Capital (%)
- -
51.29
8.72
3.51
0.89
17.59
17.07
-1.57
-11.71
8.69
6.65
7.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
165
108
106
LT Borrowings
- -
26
27
LT Finance Leases
12
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
726
726
726
Market Capitalization
521
428
413

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
415
365
370
Cash, Cash Equivalents & STI
52
46
63
Accounts Receivable, Net
202
182
205
Inventories
122
99
99
Total Current Liabilities
283
235
269
Payables & Accruals
115
122
163
ST Debt
165
108
106
Deferred Revenue
- -
3
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.23%
2.04%
Free Cash Flow
224.96%
20.5%
-77.84%
Net Income, GAAP
224.33%
56.14%
-19.08%
Sales/Revenue/Turnover
-2.26%
-3.64%
-10.06%
Total Cash Common Dividend
- -
- -
-60.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
224
212
243
-243
926
2025
237
185
209
202
833
2026
220
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
- -
0.01
- -
0.05
2025
0.01
0.01
0.01
- -
0.04
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
0.02
- -
- -
0.02
2026
- -
- -
- -
- -
- -
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Business
Applied DB Public Company Limited (ADB.BK Applied DB Public Company Limited) manufactures and distributes plastic compounds and related specialty chemicals; its core offerings include soft polyvinyl chloride (PVC) compounds for electrical wire and cable applications, rigid PVC compounds, medical and pharmaceutical grade PVC compounds, polypropylene split yarns, biodegradable raw materials, and semi-finished products, serving industries such as home appliances, automobiles, construction, electronics and electricity, footwear, and pharmaceuticals. The company also operates through its affiliate ADB Sealant Co., Ltd. (ADBS), which produces industrial adhesives for footwear, furniture, and leather sectors; silicone sealants in cartridge and large packaging formats for real estate, construction, decorative, automotive, and electronics industries; and DIY adhesive and sealant products in small packages for household use. Founded in 2005 as a joint venture between D.B. Chemical Industrial Co., Ltd. (established 1983) and Applied Chemical Industry Co., Ltd. (established 1985), Applied DB Public Company Limited is headquartered in Mueang Samut Prakan, Thailand, with approximately 450 employees and operations extending to Thailand, India, ASEAN countries, the Middle East, Europe, Africa, South America, Americas, and Australia via direct distribution, distributors, and OEM/ODM services for international brands. In 2023, the company restructured by transferring its adhesive and sealant businesses to the newly formed subsidiary ADB Sealant Co., Ltd.; in 2024, AICA Asia Pacific Holding Pte. Ltd. (AAPH), a wholly-owned subsidiary of Japanese firm AICA Kogyo Co., Ltd., acquired a 51% stake in ADBS through a capital increase to 645.09 million baht, forming a joint venture that positions ADB with a 49% associate interest to expand sealant, grout, and industrial adhesive markets across Asia, particularly Indonesia and Malaysia, by leveraging complementary product portfolios, brands, sales networks, and production scale. Applied DB Public Company Limited maintains ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 13485:2016 certifications, supports ongoing research and development for environmentally friendly products, and listed on the Market for Alternative Investment (MAI) in 2017, with Showa Global (Thailand) Co., Ltd. as a key shareholder since 2012.