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    Real Estate - Diversified
Boutique Corporation Public Company Limited

Boutique Corporation Public Company Limited

BC.BK
Boutique Corporation Public Company LimitedTH flagStock Exchange of Thailand
0.62
THB
- -
- -
360.59MMarket Cap
Boutique Corporation Public Company Limited
BC.BK
(Stock Exchange of Thailand)

Recent

price

0.62

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.71
0.69
0.27
0.24
0.44
0.69
0.83
0.73
0.74
Revenue per Share
-0.19
-0.19
-0.32
-0.26
-0.09
-0.34
0.06
-0.15
-0.25
Basic EPS, GAAP
-2.47
-1.64
-0.75
-0.65
-0.57
-0.74
0.15
-0.7
-0.56
Free Cash Flow per Basic Share
0.15
- -
0.11
- -
- -
- -
- -
0.12
0.12
Dividend per Share
-0.13
0.11
-0.24
-0.44
-0.35
-0.69
-0.49
-0.61
-0.63
Book Value per Share
1.52
2.93
1.69
1.16
0.83
1.06
1.62
1.55
1.7
Tangible Book Value per Share
349
372
518
507
555
570
571
575
576
Basic Weighted Avg Shares
248
255
141
120
243
394
472
417
426
Sales/Revenue/Turnover
-47.87
-78.6
-130.34
-160.53
-61.62
-23.11
2.17
-15.99
-12.2
Operating Margin (%)
22
35
56
65
66
72
70
59
56
Depreciation Expense
-67
-72
-167
-131
-50
-194
32
-88
-142
Net Income, GAAP
22.76
24.2
- -
- -
- -
- -
83.6
- -
- -
Effective Tax Rate (%)
-26.85
-28.06
-119.03
-109.14
-20.62
-49.27
6.81
-21.11
-33.25
Profit Margin (%)
-194
81
-107
-86
109
-259
-79
-276
-238
Working Capital
2,246
2,089
2,490
2,926
2,701
2,628
2,313
2,125
2,134
LT Debt
534
1,098
882
594
464
608
932
901
986
Total Equity
- -
-4.7
- -
- -
- -
- -
0.05
- -
- -
Return on Invested Capital (%)
- -
-7.82
- -
- -
- -
- -
3.49
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
213
212
278
LT Borrowings
1,951
1,986
1,994
LT Finance Leases
124
139
140
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
577
577
577
Market Capitalization
505
448
380

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
217
238
205
Cash, Cash Equivalents & STI
118
128
93
Accounts Receivable, Net
21
28
26
Inventories
2
2
2
Total Current Liabilities
500
515
443
Payables & Accruals
274
285
152
ST Debt
213
212
278
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
5.28%
-3.42%
Free Cash Flow
- -
-133.36%
-559.23%
Net Income, GAAP
- -
-57.25%
-373.74%
Sales/Revenue/Turnover
- -
31.69%
-11.76%
Total Cash Common Dividend
- -
- -
19.25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
132
97
107
137
472
2025
133
77
80
126
417
2026
142
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.04
0.06
0.1
- -
0.06
2025
0.08
-0.1
-0.08
- -
-0.15
2026
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
0.11
- -
- -
0.12
2026
- -
- -
- -
- -
- -
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Business
Boutique Corporation Public Company Limited, along with its affiliated entities, specializes in the comprehensive development, management, and divestment of real estate assets across the hospitality, retail, and commercial sectors within Thailand. The company structures its operations through distinct divisions: Hotel Business and Serviced Apartments; Community Malls and Office Buildings; and Management Services and Other Ventures. Its core activities encompass extensive real estate development, including the creation of serviced residences, the active management of hotel properties under both international and proprietary brands, and the establishment of community retail centers. Furthermore, the firm engages in the sale of developed real estate projects and offers sophisticated real estate investment management services. A central component of its strategy is the Build-Operate-Sell (BOS) model, which focuses on optimizing asset value to generate significant returns and consistent cash flows. Recent developments include a substantial increase in Q1 2025 profits, driven by the successful sale of the Summer Point project, and the launch of the Summer Point Token (SUMX), marking Thailand's first SEC-approved real estate ICO. The company is also expanding its luxury hospitality portfolio, including plans for a new hotel in Sukhumvit 24, and has secured agreements to operate multiple global hotel brands. Boutique Corporation Public Company Limited was established in 2007 and maintains its headquarters in Bangkok, Thailand.