1. Thailand Stocks

  2. •

    Industrials

  3. •

    Electrical Equipment & Parts
Asefa Public Company Limited

Asefa Public Company Limited

ASEFA.BK
Asefa Public Company LimitedTH flagStock Exchange of Thailand
5.60
THB
-0.05
- -
2.89BMarket Cap
Asefa Public Company Limited
ASEFA.BK
(Stock Exchange of Thailand)

Recent

price

5.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.23
5.52
5.09
5.11
5.49
4.64
4.9
4.76
5.66
6.39
5.94
6.32
7.51
Revenue per Share
0.28
0.45
0.52
0.46
0.52
0.26
0.4
0.25
0.19
0.31
0.13
0.42
0.56
Basic EPS, GAAP
-0.13
-0.38
0.33
0.83
-0.17
0.8
0.16
0.27
-0.17
-0.2
0.62
0.8
0.52
Free Cash Flow per Basic Share
0.33
0.22
0.2
0.32
0.32
0.33
0.2
0.28
0.22
0.18
0.19
0.14
- -
Dividend per Share
1.44
1.77
1.9
1.93
2.13
2.05
2.22
2.19
2.14
2.17
2.13
2.3
2.52
Book Value per Share
1.52
2.71
2.57
2.7
2.88
2.8
2.96
2.94
2.88
2.88
3.48
3.65
3.88
Tangible Book Value per Share
400
462
550
550
550
550
549
546
546
537
530
523
523
Basic Weighted Avg Shares
1,693
2,550
2,800
2,808
3,021
2,551
2,689
2,599
3,091
3,433
3,149
3,306
3,924
Sales/Revenue/Turnover
9.95
10.99
12.76
11.39
11.65
6.74
9.54
6.53
4.31
6.31
3.11
9.08
9.86
Operating Margin (%)
40
44
45
52
53
51
49
45
41
43
44
77
91
Depreciation Expense
114
207
288
253
285
144
219
138
103
168
70
219
291
Net Income, GAAP
23.19
18.15
20.42
18.59
19.58
18.62
15.07
18.94
18.83
18.8
16.15
21.06
20.26
Effective Tax Rate (%)
6.71
8.11
10.3
9.02
9.44
5.63
8.13
5.32
3.34
4.9
2.24
6.63
7.42
Profit Margin (%)
131
606
699
745
853
800
909
787
836
670
359
266
445
Working Capital
175
97
61
9
- -
- -
1
6
4
4
53
148
267
LT Debt
612
1,256
1,421
1,500
1,602
1,554
1,642
1,612
1,584
1,579
1,879
2,016
2,131
Total Equity
- -
16.43
17.01
16.06
16.88
8.3
13.44
7.95
5.81
8.12
3.39
8.8
10.91
Return on Invested Capital (%)
- -
19.37
24.46
21.31
23.49
11.83
18.03
10.66
7.18
10.11
4.38
11.51
14.36
Return on Capital (%)
- -
29.64
30.99
24.05
25.52
12.49
18.61
11.47
8.76
14.44
6.14
18.82
23.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
820
815
720
LT Borrowings
153
129
223
LT Finance Leases
23
18
44
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
517
517
517
Market Capitalization
1,817
1,848
2,101

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,896
2,362
2,405
Cash, Cash Equivalents & STI
347
485
155
Accounts Receivable, Net
521
655
995
Inventories
616
852
774
Total Current Liabilities
1,650
2,096
1,960
Payables & Accruals
657
903
935
ST Debt
820
815
720
Deferred Revenue
137
361
282

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.06%
4.49%
7.31%
Free Cash Flow
-130.39%
-95.7%
26.87%
Net Income, GAAP
19.65%
30.84%
211.41%
Sales/Revenue/Turnover
3.09%
4.68%
4.99%
Total Cash Common Dividend
- -
-4.95%
-26.73%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
675
821
800
853
3,149
2025
714
599
1,004
990
3,306
2026
1,332
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.03
0.04
- -
0.13
2025
0.08
0.04
0.16
- -
0.42
2026
0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.19
2025
- -
- -
- -
- -
0.14
2026
- -
- -
- -
- -
- -
Similar Companies
Zhaowei (2692.HK)
FW Thorpe Plc (TFW.L)
Ta Tun Electric Wire & Cable Co., Ltd. (1623.TWO)
China TMK Battery Systems Inc. (DFEL)
Ablerex Electronics Co., Ltd. (3628.TWO)
HBL Engineering Limited (HBLENGINE.BO)
Business
Asefa Public Company Limited manufactures and distributes electrical power distribution products, switchboards, trunking systems, lighting solutions, automation controls, and energy management systems in Thailand. The company offers modular and type-tested switchboards, busway systems, EV chargers, cable ladders and trunking, luminaires, metal sheet fabrication, and prefabricated mobile units under the ASEFA brand; it also sources and supplies transformers, circuit breakers, switchgears, photovoltaic solar equipment, uninterruptible power supplies, relays, motors, air conditioners, motor pumps, fixtures, controllers, and related electrical accessories. In addition, Asefa provides integrated engineering services including underground and overhead power distribution, high-voltage and medium-voltage substations, pumping stations, microgrids, smart grids, EV charging stations, energy storage systems, data centers, mechanical-electrical-plumbing systems, building and industrial automation, power quality improvement, lighting control and management, and power monitoring; after-sales services encompass preventive and corrective maintenance, spare parts management, modifications, upgrades, online monitoring, and power plant decommissioning. Founded in 1997 and headquartered at 5 Moo 1, Rama II Road, Khok Krabue, Muang Samut Sakhon, Samut Sakhon 74000, Thailand, the company operates primarily in the industrial materials and machinery sector, serving infrastructure, industrial, commercial buildings, residential, healthcare, data centers, telecommunications, and power generation customers through its manufacturing, trading, services, maintenance, installation, and decommissioning segments; subsidiaries include Varitek Co., Ltd. and ASEFA Power Solutions Co., Ltd. In recent developments, Asefa announced the acquisition of 180,000 shares, representing an 18% stake, in U-Services (Thailand) Company Limited for 46.8 million baht from Suchart Bandithsuwan, marking a strategic expansion into related services as of mid-2025.