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Bangkok Commercial Asset Management Public Company Limited

Bangkok Commercial Asset Management Public Company Limited

BAM-R.BK
Bangkok Commercial Asset Management Public Company LimitedTH flagStock Exchange of Thailand
6.85
THB
-0.10
- -
22.14BMarket Cap
Bangkok Commercial Asset Management Public Company Limited
BAM-R.BK
(Stock Exchange of Thailand)

Recent

price

6.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.27
2.08
2.37
3.33
3.21
3.17
3.1
2.98
3.33
3.12
3.05
Revenue per Share
1.79
1.65
1.9
3.88
0.57
0.8
0.84
0.47
0.5
0.56
0.58
Basic EPS, GAAP
1.2
1.36
2.96
-0.47
-0.02
1.6
0.25
-1.9
0.42
2.48
2.53
Free Cash Flow per Basic Share
1.4
1.45
1.61
5.86
1.05
0.51
0.55
0.54
0.38
0.35
- -
Dividend per Share
14.24
14.44
14.73
13.18
10.52
10.78
11.03
10.94
11.27
11.38
11.85
Book Value per Share
14.81
15.01
15.3
14.97
12.96
13.2
13.43
13.31
13.75
13.82
14.3
Tangible Book Value per Share
2,735
2,735
2,735
2,750
3,223
3,232
3,244
3,265
3,203
3,236
3,131
Basic Weighted Avg Shares
6,199
5,686
6,485
9,170
10,340
10,249
10,068
9,743
10,680
10,107
9,545
Sales/Revenue/Turnover
52.06
47.55
48.79
52.81
17.87
23.12
30.22
22.91
24.55
17.77
18.22
Operating Margin (%)
150
148
141
138
144
142
135
143
162
162
159
Depreciation Expense
4,904
4,501
5,202
10,679
1,841
2,600
2,725
1,534
1,602
1,812
1,812
Net Income, GAAP
0.25
0.18
0.14
- -
16.17
20.14
15.03
16.76
17.79
19.95
19.24
Effective Tax Rate (%)
79.11
79.16
80.22
116.46
17.8
25.37
27.06
15.75
15
17.93
18.99
Profit Margin (%)
66,986
60,845
99,745
112,324
101,765
99,855
106,822
104,542
103,241
99,405
97,479
Working Capital
25,704
19,934
57,709
75,688
65,268
62,616
69,013
67,102
65,810
61,328
59,851
LT Debt
40,523
41,059
41,849
41,196
41,797
42,756
43,708
43,629
44,225
44,914
44,977
Total Equity
- -
2.85
2.67
- -
1.25
1.49
2.04
1.4
1.58
1.06
1.05
Return on Invested Capital (%)
- -
6.04
5.6
- -
2.77
3.59
3.99
2.98
2.93
2.98
2.99
Return on Capital (%)
- -
11.48
13.04
27.91
5.25
7.57
7.72
4.29
4.46
4.97
4.94
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
30,403
26,756
25,855
LT Borrowings
57,509
61,320
59,844
LT Finance Leases
8
8
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,232
3,232
3,232
Market Capitalization
24,268
25,051
22,229

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
127,463
127,848
124,853
Cash, Cash Equivalents & STI
2,152
2,809
1,367
Accounts Receivable, Net
23,405
24,047
24,661
Inventories
- -
- -
- -
Total Current Liabilities
31,864
28,443
27,373
Payables & Accruals
1,442
1,664
1,489
ST Debt
30,403
26,756
25,855
Deferred Revenue
19
23
29

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.45%
1.56%
Free Cash Flow
- -
-2,011.08%
501.87%
Net Income, GAAP
- -
3.98%
13.15%
Sales/Revenue/Turnover
- -
-0.32%
-5.36%
Total Cash Common Dividend
- -
- -
-7.9%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,629
2,667
2,689
2,694
10,680
2025
2,568
2,260
2,733
2,546
10,107
2026
2,006
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.14
0.06
- -
0.5
2025
0.07
0.4
0.06
- -
0.56
2026
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.38
2025
- -
- -
- -
- -
0.35
2026
- -
- -
- -
- -
- -
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Business
Bangkok Commercial Asset Management Public Company Limited (BAM) operates as an asset management company in Thailand, specializing in the acquisition and management of non-performing loans (NPLs) and non-performing assets (NPAs). The company purchases NPLs, primarily collateralized by real estate properties with first-priority mortgages, from financial institutions including banks and other asset management companies; manages these through debt restructuring negotiations with debtors; acquires NPAs via debtor negotiations, foreclosures, direct purchases, or auction collateral; renovates and improves NPAs prior to sales; and provides supporting services for asset and property management. BAM conducts operations nationwide through its headquarters in Bangkok and multiple branches across regions including the Bangkok Metropolitan area, Central, North, Northeastern, Eastern, and Southern Thailand. Established in 1998 as a state enterprise under the Financial Institution Development Fund to manage distressed assets from the financial crisis, particularly those of Bangkok Bank of Commerce, BAM is headquartered at 99 Surasak Road, Silom, Bang Rak District, Bangkok 10500. In recent developments, BAM reports strong performance for the nine months ended September 2025, including successful collections of NPLs and NPAs; maintains investments in joint ventures such as ARI AMC and ARUN AMC (with Kasikornbank), which increased by 4.5% year-over-year to 696 million baht as of mid-2025; and signs memoranda of understanding with new partners Vbeyond Development PCL and Siamese Asset PCL in 2025 to enhance NPA collection efficiency and support debtor-centric restructuring strategies under new leadership.