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Lanna Resources Public Company Limited

Lanna Resources Public Company Limited

LANNA.BK
Lanna Resources Public Company LimitedTH flagStock Exchange of Thailand
14.50
THB
- -
- -
7.61BMarket Cap
Lanna Resources Public Company Limited
LANNA.BK
(Stock Exchange of Thailand)

Recent

price

14.50

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
16.72
24.76
25.45
23.11
23.25
19.33
16.69
23.01
23.88
17.63
18.12
29.97
47.99
43.57
39.59
28.86
27.55
Revenue per Share
1.29
1.99
1.74
0.97
0.81
0.59
0.52
1.22
1.14
0.8
0.55
3
5.65
3.98
3.17
1.33
1.21
Basic EPS, GAAP
0.65
2.36
3.2
0.78
0.96
3.12
1.55
4.47
0.76
0.99
3.72
6.64
9.97
6.51
7.51
4.79
3.93
Free Cash Flow per Basic Share
1.28
1.93
1.7
0.97
1
1.08
1.07
1.7
1.77
1.07
0.64
2.77
5.55
4.48
4.29
2.43
2.33
Dividend per Share
4.08
4.41
5.22
5.18
5.1
4.92
4.66
5.18
4.85
4.64
4.72
6.71
9.9
11.24
12.11
11.73
12.06
Book Value per Share
5.7
7.59
8.75
9.45
10.76
11.03
10.7
10.7
10.58
10.74
10.78
13.86
17.94
19.89
20.29
19.17
20
Tangible Book Value per Share
525
525
525
525
525
525
525
525
525
525
525
525
525
525
525
525
525
Basic Weighted Avg Shares
8,777
12,997
13,360
12,132
12,208
10,150
8,762
12,080
12,535
9,254
9,512
15,734
25,194
22,874
20,783
15,152
14,463
Sales/Revenue/Turnover
19.1
20.96
15.35
9.57
7.24
7.18
6.13
15.65
12.45
10.95
5.94
26.8
30.46
22.82
20.11
11.05
10.15
Operating Margin (%)
197
259
242
1,121
709
700
587
682
731
706
813
853
1,055
1,335
1,234
1,363
1,198
Depreciation Expense
675
1,043
912
507
427
310
271
643
601
421
287
1,575
2,966
2,088
1,664
698
634
Net Income, GAAP
34.92
35.08
30.87
24.04
27.62
28.51
23.47
36.25
30.01
19.61
30.34
36.73
37.26
36.95
37.29
37.22
35.63
Effective Tax Rate (%)
7.69
8.03
6.82
4.18
3.5
3.05
3.1
5.32
4.79
4.54
3.02
10.01
11.77
9.13
8.01
4.6
4.38
Profit Margin (%)
822
726
1,640
1,877
2,218
2,303
1,971
1,943
1,644
1,590
1,585
2,956
4,601
5,662
6,087
5,004
5,222
Working Capital
745
- -
540
658
482
302
380
185
597
643
537
682
429
345
178
206
184
LT Debt
3,184
4,176
4,781
5,148
5,842
5,981
5,806
5,808
5,916
5,981
6,025
7,571
9,682
10,670
11,033
10,481
10,911
Total Equity
26.77
32.73
23.45
13.52
8.7
6.84
5.5
16.27
14.15
9.87
4.85
29.55
41.82
25.73
20.53
8.47
7.57
Return on Invested Capital (%)
5.96
8.2
10.34
6.33
4.93
3.42
2.9
3.46
3.39
1.68
3.38
7.17
12.73
8.65
6.63
3.78
3.48
Return on Capital (%)
34.08
46.83
36.05
18.58
15.81
11.77
10.8
24.88
22.82
16.9
11.68
52.53
68.03
37.62
27.15
11.15
9.8
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,146
1,328
1,204
LT Borrowings
193
166
148
LT Finance Leases
29
41
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
525
525
525
Market Capitalization
8,242
7,980
7,980

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
8,036
7,713
8,061
Cash, Cash Equivalents & STI
3,755
3,729
3,386
Accounts Receivable, Net
1,277
1,106
1,445
Inventories
606
396
640
Total Current Liabilities
2,712
2,709
2,839
Payables & Accruals
1,383
1,247
1,502
ST Debt
1,146
1,328
1,204
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.3%
12.43%
-5.01%
Free Cash Flow
43.4%
14.56%
-36.3%
Net Income, GAAP
48.56%
85.9%
-58.08%
Sales/Revenue/Turnover
8.47%
16.02%
-27.1%
Total Cash Common Dividend
34.83%
73.09%
-43.39%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,817
5,944
4,493
4,528
20,783
2025
3,887
4,079
3,440
3,745
15,152
2026
3,199
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.11
0.92
0.56
- -
3.17
2025
0.46
0.34
0.19
- -
1.33
2026
0.34
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.52
1.72
1.56
- -
4.29
2025
0.15
1.56
0.64
- -
2.43
2026
0.04
- -
- -
- -
- -
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Business
Lanna Resources Public Company Limited operates primarily in the coal production and distribution industry, serving domestic and international markets. The company manufactures and distributes coal products through its Domestic Coal and Overseas Coal segments, producing and selling lignite coal mainly from mining projects in Indonesia. Beyond coal, Lanna Resources extends its product portfolio to include ethanol production, biomass fuel pellets mainly from wood pallets, and soil amendment substances. The company also generates and distributes electricity and engages in renewable energy ventures. To support its coal business, it operates ocean freight transport services through an associated company in Singapore, facilitating cost-efficient coal logistics to Thailand and other regions. The company serves various industries including power generation, cement, paper, and food processing sectors across Thailand, India, Singapore, Indonesia, Dubai, UAE, and China. Founded in 1985 and headquartered in Bangkok, Thailand, Lanna Resources is a subsidiary of Siam City Cement Public Company Limited. Recent strategic developments include the company's continued expansion of coal mining and production capacity, notably in Indonesia, where it maintains several coal mining concessions. Recent enhancements in coal processing facilities and port infrastructure have significantly increased coal stockpile and shipping capacity, enhancing operational efficiency and market reach. In 2024, Siam City Cement Public Company Limited, the parent company, alongside its major shareholder Sunrise, completed a significant tender offer acquisition of Lanna Resources shares, aiming for business integration and expansion in energy and utilities sectors. This move is expected to strengthen backward integration by securing raw material supplies for cement production and to support future growth initiatives in renewable and conventional energy markets. Overall, Lanna Resources maintains a diversified portfolio with a strong focus on coal and renewable energy product lines, supported by strategic partnerships and operational investments designed to enhance production capacity, distribution efficiency, and market presence regionally and internationally. The combination of coal, ethanol, biomass fuel, power generation, and logistics services positions the company as a significant player in the energy and raw materials supply chain in Southeast Asia and beyond.