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KCE Electronics Public Company Limited

KCE Electronics Public Company Limited

KCE.BK
KCE Electronics Public Company LimitedTH flagStock Exchange of Thailand
39.75
THB
+2.25
- -
46.99BMarket Cap
KCE Electronics Public Company Limited
KCE.BK
(Stock Exchange of Thailand)

Recent

price

39.75

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
7.83
7.76
7.03
10.02
10.41
10.92
11.87
12.11
11.92
10.32
9.82
12.66
15.62
13.78
12.51
- -
10.79
Revenue per Share
0.58
0.14
0.7
1.27
1.95
1.97
2.62
2.17
1.72
0.8
0.96
2.06
1.96
1.45
1.39
- -
0.7
Basic EPS, GAAP
0.73
0.53
0.72
0.55
-0.79
0.66
3.02
2.13
1.73
1.46
1.64
- -
0.86
3.18
2.44
- -
1.14
Free Cash Flow per Basic Share
0.15
0.2
0.15
0.3
0.47
0.61
1.01
1.11
1.12
0.97
0.81
1.02
2
1.2
1.3
- -
1.19
Dividend per Share
1.78
1.6
2.13
3.19
4.3
5.46
6.94
7.95
8.56
8.37
8.49
9.5
9.48
9.7
9.79
- -
9.44
Book Value per Share
2.77
2.69
3.09
4.14
5.48
6.69
8.25
9.24
9.87
9.68
9.94
11.08
11.1
11.35
10.74
- -
10.16
Tangible Book Value per Share
927
928
921
927
1,084
1,140
1,162
1,173
1,173
1,173
1,174
1,180
1,182
1,186
1,186
- -
1,192
Basic Weighted Avg Shares
7,261
7,201
6,478
9,294
11,284
12,449
13,797
14,195
13,982
12,097
11,527
14,938
18,456
16,344
14,833
13,075
12,858
Sales/Revenue/Turnover
6.85
4.98
12.11
13.01
17.86
19.23
22.59
17.22
13.06
8.53
11.08
18.13
13.78
12.05
12.36
7.56
7.83
Operating Margin (%)
598
552
488
529
575
716
882
917
991
1,015
1,049
1,024
1,082
1,096
1,067
1,099
1,080
Depreciation Expense
535
132
643
1,174
2,110
2,240
3,039
2,545
2,015
934
1,127
2,426
2,317
1,720
1,648
833
837
Net Income, GAAP
0.3
1.75
12.17
1.36
2.13
3.88
3.11
2.97
2.34
4.11
7.08
8.26
5.76
7
6.66
10.98
11.81
Effective Tax Rate (%)
7.36
1.83
9.93
12.63
18.7
17.99
22.02
17.92
14.41
7.72
9.78
16.24
12.56
10.52
11.11
6.37
6.51
Profit Margin (%)
-1,674
-552
-1,089
-807
-143
1,910
2,352
2,910
2,721
2,989
3,969
4,846
4,836
5,517
4,970
4,905
5,248
Working Capital
1,245
1,284
1,327
783
2,849
3,554
2,155
1,771
664
731
680
1,126
910
515
85
415
355
LT Debt
2,645
2,583
3,082
4,110
6,388
8,100
10,028
11,274
12,007
11,762
12,062
13,442
13,445
13,749
13,818
13,196
13,456
Total Equity
6.51
4.58
8.38
13.54
18.5
17.17
20.78
16.11
11.93
6.85
8.38
15.65
13.85
10.96
11
5.92
6
Return on Invested Capital (%)
11.14
4.31
10.97
17.4
24.02
20.51
25.3
20.77
16.17
7.81
9.58
17.81
15.69
12.38
12.52
6.61
6.74
Return on Capital (%)
43.97
8.41
37.3
47.7
55.4
41.18
42.54
29.28
20.82
9.41
11.39
22.92
20.67
15.14
14.26
7.36
7.25
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
962
1,055
631
LT Borrowings
454
395
336
LT Finance Leases
27
20
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,182
1,182
1,182
Market Capitalization
27,461
21,921
27,052

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
8,763
8,577
8,724
Cash, Cash Equivalents & STI
1,542
1,969
1,775
Accounts Receivable, Net
3,275
2,829
3,133
Inventories
3,762
3,705
3,754
Total Current Liabilities
3,974
3,672
3,476
Payables & Accruals
3,012
2,618
2,817
ST Debt
962
1,055
631
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.29%
1.94%
-4.5%
Free Cash Flow
3,355.24%
6,647.59%
-33.62%
Net Income, GAAP
-0.3%
6.28%
-49.49%
Sales/Revenue/Turnover
1.46%
4.12%
-11.85%
Total Cash Common Dividend
13.42%
16.67%
-7.69%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,780
4,012
3,802
3,239
14,833
2025
3,324
3,285
3,444
3,021
13,075
2026
3,107
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.54
0.18
- -
1.39
2025
0.19
0.15
0.25
- -
- -
2026
0.2
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.72
0.6
- -
1.3
2025
- -
0.58
0.62
- -
- -
2026
- -
- -
- -
- -
- -
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Business
KCE Electronics Public Company Limited KCE Electronics Public Company Limited manufactures and distributes printed circuit boards (PCBs), copper clad laminates, prepregs, and related chemicals under the KCE trademark; it produces multilayer PCBs with higher layer counts at its parent company facility in Lat Krabang Industrial Estate, lower layer count PCBs at subsidiary K.C.E. International Co., Ltd. in Bangpoo, and expanded capacity through subsidiary KCE Technology Co., Ltd. in Hi-Tech Industrial Estate, while subsidiary Thai Laminate Manufacturers Co., Ltd. supplies key raw materials including prepregs and laminates; operations also encompass building rentals and target automotive applications comprising over 70% of revenue alongside industrial, computer, and telecommunications sectors, with primary customers in Europe and the US. Founded in 1982 and headquartered at 72-72/1-3 Soi Chalongkrung 31, Lat Krabang Industrial Estate, Bangkok, Thailand, the company maintains production facilities in Thailand and serves global markets through its subsidiaries. In recent developments, KCE Electronics Public Company Limited completed the acquisition of Kce Printed Circuit Boards GmbH in March 2025 following a January 2025 share purchase agreement valued at approximately 10.7 million euros to bolster European operations; it established Circuit Holding Company Limited in late 2024 with investments up to GBP 23 million to acquire 100% of UK-based International Circuits Limited and settle related debts, enhancing sales control and marketing in Europe; additionally, in July 2024, the company approved corporate restructuring via acquisition of the entire business of subsidiary K.C.E. International Co., Ltd.