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Eastern Water Resources Development and Management Public Company Limited

Eastern Water Resources Development and Management Public Company Limited

EASTW-R.BK
Eastern Water Resources Development and Management Public Company LimitedTH flagStock Exchange of Thailand
4.72
THB
+0.04
- -
7.85BMarket Cap
Eastern Water Resources Development and Management Public Company Limited
EASTW-R.BK
(Stock Exchange of Thailand)

Recent

price

4.72

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
2.78
1.95
2.21
2.34
2.55
2.62
2.63
2.59
2.54
2.81
2.53
2.78
2.56
2.58
2.44
2.14
2.18
Revenue per Share
0.55
0.61
0.75
0.79
0.8
0.95
0.79
0.73
0.67
0.63
0.46
0.64
0.42
0.19
0.03
0.01
0.04
Basic EPS, GAAP
0.46
-0.01
-0.21
0.29
-0.09
0.05
0.68
0.78
0.63
1.22
0.09
-0.43
-0.52
1.01
0.61
0.91
0.98
Free Cash Flow per Basic Share
0.38
0.37
0.5
0.44
0.43
0.48
0.46
0.51
0.45
0.49
0.43
0.43
0.37
0.15
0.07
0.02
0.02
Dividend per Share
2.65
2.76
2.99
3.33
3.7
4.19
4.53
4.58
4.78
4.89
4.91
5.11
5.18
5.21
5.15
5.12
5.27
Book Value per Share
3.55
4.07
4.3
3.83
4.08
3.34
3.76
3.98
4.24
4.44
4.58
4.91
5.13
5.35
5.51
5.71
5.93
Tangible Book Value per Share
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,664
1,626
Basic Weighted Avg Shares
4,633
3,250
3,677
3,900
4,242
4,367
4,377
4,308
4,221
4,680
4,204
4,631
4,263
4,287
4,063
3,552
3,550
Sales/Revenue/Turnover
28.9
45.69
44.76
44.17
40.84
41.2
39.47
37.74
35.86
30.66
26.42
30.51
24.19
15.03
7.94
13.3
15.56
Operating Margin (%)
378
356
353
409
491
554
643
676
736
828
900
983
1,077
1,086
1,109
1,205
1,166
Depreciation Expense
912
1,008
1,240
1,313
1,334
1,585
1,309
1,221
1,118
1,045
764
1,062
705
311
47
10
63
Net Income, GAAP
29.33
29.64
22.72
21.07
20.27
19.51
19.85
19.67
18.78
19.9
21.12
19.69
20.16
21.65
3.71
- -
19.48
Effective Tax Rate (%)
19.68
31
33.71
33.67
31.45
36.3
29.91
28.35
26.48
22.32
18.18
22.93
16.53
7.26
1.15
0.27
1.76
Profit Margin (%)
-648
-533
-510
-655
-1,025
-1,274
-1,642
-604
-760
-1,980
-1,978
-2,020
-2,283
229
-3,288
-3,638
-3,321
Working Capital
1,635
2,327
3,457
3,842
4,652
6,407
5,598
6,393
5,566
6,230
7,839
8,014
9,063
12,750
11,522
10,424
10,459
LT Debt
6,588
6,936
7,320
7,902
8,517
9,500
10,048
10,430
10,805
11,014
11,069
11,427
11,568
11,638
11,569
11,551
11,613
Total Equity
10.7
10.99
11.63
11.16
10.35
8.91
7.57
7.25
6.83
6.26
4.55
5.36
3.57
1.99
1.15
- -
1.64
Return on Invested Capital (%)
14.94
14.98
15.52
14.45
13.14
12.12
8.81
8.59
8.1
7.52
5.4
6.51
4.41
2.38
1.64
- -
1.87
Return on Capital (%)
21.28
22.39
25.9
24.96
22.81
24.15
18.06
16.12
14.34
12.99
9.37
12.73
8.23
3.6
0.54
0.11
0.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,370
4,575
4,505
LT Borrowings
11,414
10,108
10,141
LT Finance Leases
318
316
319
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,664
1,664
1,664
Market Capitalization
4,325
3,149
4,944

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,533
1,561
1,817
Cash, Cash Equivalents & STI
188
242
457
Accounts Receivable, Net
189
186
228
Inventories
96
88
89
Total Current Liabilities
4,017
5,199
5,138
Payables & Accruals
476
590
458
ST Debt
3,370
4,575
4,505
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.99%
0.86%
-0.16%
Free Cash Flow
53.94%
-164.17%
49.13%
Net Income, GAAP
-28.12%
-43.04%
-79.62%
Sales/Revenue/Turnover
-1.77%
-3.01%
-12.56%
Total Cash Common Dividend
- -
- -
-69.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,066
1,136
963
897
4,063
2025
920
900
892
841
3,552
2026
918
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.04
-0.01
- -
0.03
2025
- -
- -
-0.01
- -
0.01
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.06
0.01
- -
0.07
2025
- -
0.02
- -
- -
0.02
2026
- -
- -
- -
- -
- -
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Business
Eastern Water Resources Development and Management Public Company Limited (EASTW-R.BK) develops and manages water distribution pipeline systems in Thailand's Eastern Seaboard region, encompassing Chachoengsao, Chonburi, and Rayong provinces; supplies raw water and industrial water to industrial estates, factories, and other consumers; produces and supplies tap water through its subsidiary Universal Utilities 1992 Co., Ltd.; provides operation and maintenance management for waterworks; offers wastewater treatment, waterworks management, and engineering services; delivers waste treatment and reclaimed water services; installs wastewater treatment systems tailored to specific businesses with quality control using modern technology; and rents office buildings. The company operates an extensive 553-kilometer water transmission network, the longest and most integrated in the Eastern Economic Corridor (EEC), linking government-owned reservoirs, rivers, and private reservoirs to serve industrial, governmental, and residential customers across eastern Thailand. Founded in 1992 and headquartered at East Water Building in Bangkok's Chatuchak district, Eastern Water targets primarily the industrial sector, which accounts for a significant portion of its raw water sales, alongside consumer and municipal segments in the EEC and select provincial areas like Nakhon Sawan and Phitsanulok. In recent developments, the company issued Thailand's first blue bond in August 2025, raising 620 million Thai baht with participation from the International Finance Corporation (IFC) and other investors to maintain and enhance its pipeline infrastructure and support water security initiatives. Through its joint venture Eastwater Stecon Utilities Co., Ltd. (EWS) with Stecon Power Co., Ltd., Eastern Water signed a 10-year industrial water supply agreement in October 2025 with Bridge Data Centres (Thailand) Co., Ltd., a Bain Capital-backed entity, to provide sustainable water for a new hyperscale data center campus in Chonburi's EEC, commencing May 2026 and underscoring expansion into data center utilities. These moves align with capacity expansions, such as prior additions like the Nongkho 2 and Tabma reservoirs, boosting raw water supply potential, and position the company as a key enabler of industrial growth in Thailand's EEC amid rising demand from emerging sectors.