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Asia Plus Group Holdings Public Company Limited

Asia Plus Group Holdings Public Company Limited

ASP.BK
Asia Plus Group Holdings Public Company LimitedTH flagStock Exchange of Thailand
2.28
THB
-0.02
- -
4.63BMarket Cap
Asia Plus Group Holdings Public Company Limited
ASP.BK
(Stock Exchange of Thailand)

Recent

price

2.28

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.06
0.95
0.98
1.47
1.26
1.03
1.17
1.21
1.06
0.82
0.97
1.59
1.17
1.06
1.04
0.94
0.94
Revenue per Share
0.36
0.24
0.28
0.51
0.39
0.26
0.36
0.35
0.21
0.17
0.2
0.46
0.23
0.19
0.17
0.09
0.13
Basic EPS, GAAP
-0.41
0.51
-0.45
0.29
0.47
0.13
-0.39
-0.44
1.86
-0.21
-0.27
-2.19
0.37
1.62
0.99
0.85
1.19
Free Cash Flow per Basic Share
0.21
0.29
0.2
0.36
0.32
0.32
0.21
0.31
0.3
0.16
0.13
0.32
0.27
0.21
0.17
0.08
- -
Dividend per Share
1.39
1.22
1.29
1.42
1.49
1.43
1.58
1.62
1.52
1.53
1.61
1.72
1.68
1.67
1.68
1.62
1.58
Book Value per Share
2.03
1.88
1.97
2.1
2.17
2.1
2.24
2.28
2.19
2.2
2.27
2.36
2.3
2.3
2.3
2.25
2.17
Tangible Book Value per Share
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,106
2,090
2,207
Basic Weighted Avg Shares
2,222
1,995
2,058
3,092
2,663
2,161
2,470
2,546
2,232
1,719
2,045
3,351
2,453
2,229
2,196
1,965
2,074
Sales/Revenue/Turnover
58.13
39.73
39.3
46.09
42.23
36.23
41.44
40.04
29.32
26.25
25.34
37.19
24.81
20.17
17.54
8.27
12.76
Operating Margin (%)
39
35
40
44
53
59
56
54
54
41
100
96
92
93
82
82
81
Depreciation Expense
752
505
586
1,067
828
558
756
742
434
359
416
978
479
408
356
196
288
Net Income, GAAP
26.5
32.47
22.94
20.32
20.3
20.57
20.71
20.22
20.01
19.51
19.83
20.15
20.2
19.74
20.7
20.67
6.8
Effective Tax Rate (%)
33.83
25.33
28.49
34.52
31.09
25.81
30.59
29.13
19.45
20.91
20.33
29.2
19.54
18.3
16.23
9.96
13.89
Profit Margin (%)
- -
3,697
3,898
4,128
4,017
3,798
4,037
4,102
3,897
3,977
4,172
4,386
5,708
5,392
5,316
4,196
4,073
Working Capital
152
99
- -
- -
- -
- -
- -
- -
- -
- -
198
174
1,708
1,248
1,137
129
162
LT Debt
4,286
3,977
4,161
4,435
4,591
4,434
4,749
4,831
4,626
4,645
4,791
4,986
4,875
4,893
4,906
4,758
4,857
Total Equity
22.03
12.03
13.57
22.92
18.02
12.63
14
10.85
7.77
6.96
6.85
10.18
3.78
2.84
2.64
1.36
3.24
Return on Invested Capital (%)
26.39
18.27
20.09
32.83
25.83
18.09
18.81
13.57
9.69
10.54
9.77
12.19
4.49
3.88
3.91
2.66
4.65
Return on Capital (%)
27.11
18.36
22.19
37.45
26.96
18.1
23.83
22.04
13.14
11.17
12.56
27.87
13.38
11.55
10.09
5.65
8.2
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,511
3,350
1,550
LT Borrowings
1,000
- -
- -
LT Finance Leases
137
129
162
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,032
2,032
2,032
Market Capitalization
6,036
4,516
4,502

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12,948
8,283
10,096
Cash, Cash Equivalents & STI
4,723
3,347
3,651
Accounts Receivable, Net
4,066
2,549
2,775
Inventories
- -
- -
- -
Total Current Liabilities
7,790
4,087
6,023
Payables & Accruals
2,360
716
1,097
ST Debt
1,511
3,350
1,550
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.76%
-0.11%
-3.02%
Free Cash Flow
-11.67%
174.32%
-14.73%
Net Income, GAAP
0.23%
2.34%
-45.11%
Sales/Revenue/Turnover
1.7%
3.18%
-10.55%
Total Cash Common Dividend
-1.92%
7.26%
-52.94%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
629
497
558
512
2,196
2025
466
431
621
447
1,965
2026
575
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.04
0.03
- -
0.17
2025
- -
0.02
0.06
- -
0.09
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.06
- -
0.17
2025
- -
- -
- -
- -
0.08
2026
- -
- -
- -
- -
- -
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Business
Asia Plus Group Holdings Public Company Limited (ASP.BK), founded in 1974 and headquartered in Bangkok, Thailand, operates as a holding company engaged primarily in investment activities within the Thai securities industry. Through its subsidiaries, including Asia Plus Securities Company Limited, Asia Plus Advisory Company Limited, and Asset Plus Fund Management Company Limited, the group provides a comprehensive range of financial services, such as securities and derivatives brokerage for local and foreign investors; investment advisory and financial advisory services; securities underwriting; securities borrowing and lending; venture capital management; proprietary trading; private equity investments; mutual fund and private fund management; and unit trust investments. The company maintains 16 branches across Thailand, with a focus on capital markets serving institutional clients, high-net-worth individuals, and retail investors. Originally established as Asia Securities Trading Company Limited, it listed on the Stock Exchange of Thailand in 1988, restructured into a holding company around 2014 by transferring most operating businesses to subsidiaries while retaining investment operations, and changed its name from Asia Plus Group Holdings Securities Public Company Limited in July 2015. Recent developments include a strategic push toward full AI transformation announced in January 2025 to enhance wealth management sustainability, celebration of its 50th anniversary in October 2024 with major employee events, Asia Plus Advisory receiving the Deal of the Year award at SET Awards 2024 for financial advisory on a key transaction, and continued recognition as a CAC member for corporate governance excellence in April 2024.