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BEC World Public Company Limited

BEC World Public Company Limited

BECVY
BEC World Public Company LimitedUS flagOther OTC
0.53
USD
- -
- -
106.00MMarket Cap
BEC World Public Company Limited
BECVY
(Other OTC)

Recent

price

0.53

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
58.57
64.02
74.43
82.14
80.83
79.23
61.33
55.17
50.63
41.55
29.3
28.4
25.57
23.26
21.26
19.9
19.13
Revenue per Share
16.52
17.65
23.89
27.95
21.69
14.91
6.09
0.31
-1.65
-1.99
-1.07
3.81
3.04
1.05
0.48
1.03
0.97
Basic EPS, GAAP
18.88
19.55
22.62
23.98
12.71
5.51
0.42
-2.42
3.54
-2.9
2.61
10.77
3.97
1.11
3.71
5.86
5.55
Free Cash Flow per Basic Share
15.01
18
20
24.5
24
17
11.5
2.5
- -
- -
- -
- -
2.5
1.6
1
0.8
0.4
Dividend per Share
32.39
29.63
33.51
36.82
34.51
32.34
26.93
24.73
23.46
21.47
20.57
24.38
24.52
24.04
23.53
23.85
24
Book Value per Share
38.85
30.54
34.97
38.26
5.97
-0.19
-4.14
-5.57
-3.16
8.55
8.71
14.98
15.06
14.02
16.7
21.79
22.88
Tangible Book Value per Share
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
200
Basic Weighted Avg Shares
11,714
12,804
14,886
16,429
16,167
15,845
12,266
11,035
10,126
8,310
5,861
5,680
5,115
4,653
4,251
3,980
3,825
Sales/Revenue/Turnover
40.17
40.06
42.09
42.6
34.23
24.71
13.06
1.74
-2.46
-5.2
-1.95
19.88
15.24
7.35
4.67
6.02
6.29
Operating Margin (%)
1,757
1,903
2,069
2,168
2,756
3,199
3,249
3,652
3,612
3,019
2,149
2,050
1,914
1,704
1,497
1,352
1,279
Depreciation Expense
3,303
3,530
4,777
5,589
4,337
2,983
1,218
61
-330
-397
-214
762
607
210
96
206
193
Net Income, GAAP
29.81
30.89
23.28
20.11
20.07
20.32
21.33
60.41
- -
- -
- -
23.27
16.51
39.31
51.92
25.47
31.25
Effective Tax Rate (%)
28.2
27.57
32.09
34.02
26.83
18.82
9.93
0.55
-3.26
-4.78
-3.66
13.41
11.87
4.51
2.26
5.17
5.06
Profit Margin (%)
4,541
4,178
5,019
5,024
1,653
-211
-1,948
784
1,927
2,691
3,071
1,873
3,940
3,899
3,101
4,196
4,394
Working Capital
- -
- -
3
3
2
5
9
3,002
2,998
2,998
3,020
- -
2,283
2,230
920
1,047
1,031
LT Debt
7,816
7,430
8,307
9,115
8,856
8,188
7,110
6,546
6,236
5,718
5,409
6,193
6,241
6,147
6,072
6,137
6,167
Total Equity
40.54
42.77
56.51
59.42
45.95
34.66
13.72
0.78
- -
- -
- -
9.81
7.34
2.44
1.14
2.31
2.13
Return on Invested Capital (%)
49.39
53.61
70.88
73.35
57.06
43.17
17.87
2.03
- -
- -
- -
11.06
9.25
3.84
2.09
4.08
3.69
Return on Capital (%)
52.75
56.92
75.66
79.47
60.81
44.62
20.56
1.18
-6.85
-8.84
-5.1
16.94
12.41
4.32
2.02
4.34
4.05
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
62
63
64
LT Borrowings
754
754
754
LT Finance Leases
309
293
277
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,000
2,000
2,000
Market Capitalization
13,701
3,344
3,462

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4,532
4,847
5,035
Cash, Cash Equivalents & STI
3,916
4,253
4,571
Accounts Receivable, Net
383
338
304
Inventories
3
3
2
Total Current Liabilities
646
651
641
Payables & Accruals
409
412
355
ST Debt
62
63
64
Deferred Revenue
160
124
171

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.59%
2.72%
1.07%
Free Cash Flow
-92.05%
93.75%
58.16%
Net Income, GAAP
-130.27%
-96.33%
113.71%
Sales/Revenue/Turnover
-12.54%
-7.42%
-6.39%
Total Cash Common Dividend
- -
- -
-20%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
984
1,110
1,068
1,089
4,251
2025
994
1,031
984
970
3,980
2026
839
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.36
0.23
- -
0.48
2025
0.22
0.1
0.18
- -
1.03
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.4
- -
1
2025
- -
- -
0.4
- -
0.8
2026
- -
- -
- -
- -
- -
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Business
BEC World Public Company Limited engages in the entertainment and recreation business in Thailand, primarily operating as a leading content and entertainment platform. The company produces and provides content across multiple platforms including television and digital platforms; it operates the well-known Channel 3 TV channel and manages global content licensing to distribute its television content internationally. Core products and services include TV program production; management services for creative development, scriptwriting, and production processes; studio and post-production services including computer graphics (CG); sale of advertising airtime; and digital TV broadcasting. The company also offers supporting businesses such as outsourced content production, studio equipment services, and asset management through subsidiaries. BEC World operates several subsidiaries including Bangkok Entertainment Co., Ltd., BEC-Multimedia Co., Ltd., BEC Studio Co., Ltd., and BEC International Distribution Co., Ltd, among others. Founded in 1967 and headquartered in Bangkok, Thailand, BEC World has recently undertaken significant strategic expansion, including launching BEC Studio as a new content production house with a major investment of 400 million baht focused on building state-of-the-art Soundstage Studios for producing at least 10 dramas annually. This move aims to boost Thailand’s position as a leading content exporter in Southeast Asia. The company has also enhanced its global content licensing operations, forming partnerships to expand market reach in regions such as Southeast Asia, the Middle East, Latin America, and China, including collaborations with Tencent Video and JKN Global Media. Additionally, BEC World has launched the CH3+ digital platform to modernize its online business service model and better serve audience preferences. These initiatives reflect a strategic shift toward diversifying revenue through increased digital platform revenues, global licensing, and international content distribution while innovating advertising solutions to adapt to changing consumer behaviors. In summary, BEC World's main offerings encompass television and digital content production and distribution, global content licensing, TV channel operations, creative and production services including studio rental and post-production, advertising airtime sales, and advanced digital platform services. The company continues to expand its international footprint and content capacity through substantial investments and strategic alliances, maintaining its position as a leading entertainment provider in Thailand and growing as a global content exporter.