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    Industrials

  3. •

    Manufacturing - Metal Fabrication
City Steel Public Company Limited

City Steel Public Company Limited

CITY.BK
City Steel Public Company LimitedTH flagStock Exchange of Thailand
1.18
THB
- -
- -
354.00MMarket Cap
City Steel Public Company Limited
CITY.BK
(Stock Exchange of Thailand)

Recent

price

1.18

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
1.56
1.69
2.41
2.32
2.54
2.24
1.73
1.27
1.28
1.28
0.89
0.64
0.4
0.32
0.16
- -
0.22
Revenue per Share
0.22
0.27
0.46
0.42
0.5
0.46
0.23
0.19
0.1
0.03
-0.01
-0.04
-0.01
-0.1
-0.07
- -
-0.1
Basic EPS, GAAP
- -
-0.26
0.48
0.31
0.82
0.6
0.34
0.36
0.2
0.18
0.16
0.05
0.12
-0.09
-0.07
- -
-0.07
Free Cash Flow per Basic Share
0.11
0.08
0.1
0.16
0.16
0.16
0.12
0.08
0.07
0.04
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.32
2.5
2.77
3.02
3.36
3.66
3.76
3.87
3.89
3.89
3.87
3.84
3.82
3.72
3.65
- -
3.59
Book Value per Share
2.79
3
3.37
3.63
3.97
4.27
4.38
4.46
4.48
4.43
4.42
4.41
4.46
4.33
4.28
- -
4.17
Tangible Book Value per Share
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
Basic Weighted Avg Shares
469
508
723
696
761
672
518
380
385
384
266
191
121
96
47
- -
66
Sales/Revenue/Turnover
14.22
14.65
18.89
17.43
18.86
19.38
11.63
12.72
5.1
0.87
-6.23
-12.76
-11.72
-39.08
-88.87
- -
-58.39
Operating Margin (%)
24
41
51
59
63
66
63
57
55
51
42
35
25
20
17
- -
16
Depreciation Expense
65
80
139
125
149
138
68
57
30
10
-4
-12
-4
-30
-22
- -
-30
Net Income, GAAP
3.25
3.1
2.02
0.92
0.71
0.86
0.79
1.65
0.63
25.54
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
13.76
15.81
19.19
17.99
19.52
20.56
13.1
14.95
7.83
2.58
-1.52
-6.33
-3.19
-31.57
-46.05
- -
-44.78
Profit Margin (%)
449
360
421
503
638
710
788
869
931
964
976
1,004
1,050
1,019
1,021
- -
1,001
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
- -
- -
LT Debt
840
902
1,011
1,090
1,192
1,282
1,313
1,338
1,343
1,328
1,325
1,322
1,339
1,298
1,285
- -
1,251
Total Equity
7.83
8.28
13.98
11.44
12.49
10.43
4.6
3.58
1.45
0.19
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
9.5
11.12
17.56
14.43
15.53
13.12
6.09
4.96
2.6
0.87
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
9.5
11.12
17.56
14.42
15.52
13.12
6.09
4.96
2.59
0.85
-0.35
-1.05
-0.34
-2.68
-1.96
- -
-2.71
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Oct'25
Jan'25
Apr'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
582
528
465

Working Capital

FRC

•

in mil. unless spec.
Oct'25
Jan'25
Apr'25
Total Current Assets
1,011
1,010
1,005
Cash, Cash Equivalents & STI
996
998
995
Accounts Receivable, Net
12
8
6
Inventories
2
4
2
Total Current Liabilities
3
3
4
Payables & Accruals
2
3
4
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15
9
5
19
47
2025
17
12
18
- -
- -
2026
21
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.03
-0.02
- -
-0.07
2025
-0.02
-0.02
-0.03
- -
- -
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
City Steel Public Company Limited (CITY.BK) manufactures and sells metal structures, storage systems, material handling equipment, and other metal products in Thailand. The company offers metal structures and fabrication including column structures, beam structures, roof structures, panel structures, staircase structures, and cement frames for construction; racking systems, mezzanine platforms, and shelving systems; storage and material handling equipment such as mobile shelving systems, cabinets and lockers, pallets, carts and dollies, construction products, conveyor systems, and dock equipment; and other metal products for furniture, signage, decorating items, and constructional products. It also engages in the manufacturing and sales of fabricated metal parts; trading of metals; provision of metal processing services including laser cutting, hydraulic turret punch press, hydraulic swing beam shear, and hydraulic press brake; and sale of industrial materials and equipment. City Steel serves a diverse range of sectors encompassing agribusiness, automotive, mining, food and beverages, industrial materials and machinery, commerce, fashion, paper and printing materials, healthcare services, home and office products, petrochemicals and chemicals, media and publishing, personal products and pharmaceuticals, packaging, professional services, banking, construction materials, tourism and leisure, finance and securities, property development, transportation and logistics, insurance, energy and utilities, electronic components, and information and communication technology. The company primarily operates in Thailand with exports to Australia, New Zealand, Japan, Malaysia, South Korea, China, India, Vietnam, Taiwan, and countries in the European Union. It was founded in 1995 and is headquartered at 88/3 Moo 4, Bypass Road, Nongmaidaeng, Muang, Chonburi, Thailand; City Steel is a subsidiary of WKP Asset Plus Company Limited and has invested in subsidiaries including Siam ISO Pro Co., Ltd. and Mark Worldwide Company Limited. In recent developments, City Steel reported revenue of 69.59 million baht for its fiscal year ended July 31, 2025, reflecting a 19.13% increase from the prior year, alongside ongoing operations in its core steel fabrication and trading segments amid a challenging market environment for metals and mining. The company maintains a debt-free balance sheet with zero debt-to-equity ratio and continues to focus on domestic sales approximating 95% of its revenue while upholding ISO 9001 certification for quality management. No major acquisitions, partnerships, funding rounds, or strategic shifts have been publicly announced in the last 1-2 years.