1. Thailand Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
Lam Soon (Thailand) Public Company Limited

Lam Soon (Thailand) Public Company Limited

LST.BK
Lam Soon (Thailand) Public Company LimitedTH flagStock Exchange of Thailand
4.74
THB
- -
- -
3.89BMarket Cap
Lam Soon (Thailand) Public Company Limited
LST.BK
(Stock Exchange of Thailand)

Recent

price

4.74

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
9.13
10.84
9.28
8.83
10.29
10
10.05
10.43
8.79
7.8
8.21
11.61
14.02
13.13
14.13
15.63
15.97
Revenue per Share
0.24
0.21
0.33
0.31
0.46
0.38
0.4
0.49
0.47
0.59
0.47
0.68
0.53
0.63
0.63
0.64
0.69
Basic EPS, GAAP
0.47
-0.37
0.61
0.54
0.5
-0.02
0.33
0.28
1.16
0.95
-0.26
0.03
0.21
0.84
0.12
0.08
-0.35
Free Cash Flow per Basic Share
0.3
0.24
0.21
0.26
0.27
0.22
0.16
0.12
0.19
0.26
0.4
0.24
0.31
0.24
0.29
0.24
- -
Dividend per Share
2.28
2.28
2.54
2.65
2.93
3.1
3.4
3.71
3.98
4.29
4.35
4.8
5.08
5.49
5.86
6.27
6.41
Book Value per Share
2.7
2.5
2.78
2.9
3.27
3.43
4.01
4.3
4.58
4.88
4.98
3.95
5.87
6.32
6.72
7.17
7.35
Tangible Book Value per Share
820
820
820
820
820
820
820
820
820
820
820
820
820
820
820
820
822
Basic Weighted Avg Shares
7,484
8,885
7,612
7,243
8,435
8,197
8,245
8,551
7,204
6,398
6,731
9,521
11,493
10,769
11,590
12,818
13,121
Sales/Revenue/Turnover
3.65
5.61
5.66
7.96
5.66
5.88
6.12
6.08
7.07
9.46
7.84
8.39
5.45
6.1
6.24
5.75
6.02
Operating Margin (%)
213
237
251
256
265
244
247
241
233
223
256
250
247
272
292
308
306
Depreciation Expense
199
168
273
250
381
311
331
404
382
482
383
559
432
514
517
528
563
Net Income, GAAP
25.47
34.32
23.62
25.58
17.21
23.44
21.11
14.68
16.98
18.23
20.84
17.31
19.06
17.85
20.18
17.93
17.98
Effective Tax Rate (%)
2.66
1.89
3.59
3.46
4.51
3.8
4.01
4.73
5.3
7.53
5.69
5.87
3.76
4.78
4.46
4.12
4.29
Profit Margin (%)
174
235
427
369
553
423
621
931
1,277
1,517
1,555
2,115
2,198
2,493
2,603
2,789
2,802
Working Capital
154
85
17
200
75
178
134
31
33
- -
125
138
82
63
143
237
207
LT Debt
2,425
2,552
2,753
2,852
3,094
3,223
3,492
3,730
3,961
4,205
4,289
4,733
5,020
5,386
5,720
6,086
6,242
Total Equity
4.81
7.09
6.84
9.53
8.87
7.6
7.59
8.36
8.56
10.68
8.64
12.61
8.73
8.91
9.05
8.5
8.75
Return on Invested Capital (%)
5.32
2.78
5.26
5.51
8.9
7.79
6.97
8.89
8.58
11.61
8.03
9.89
6.36
8.33
8.18
7.27
7.33
Return on Capital (%)
10.62
8.98
13.81
11.77
16.65
12.59
12.4
13.88
12.11
14.21
10.82
14.89
10.67
11.86
11.1
10.62
11.07
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,193
1,133
1,445
LT Borrowings
107
98
72
LT Finance Leases
123
139
135
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
820
820
820
Market Capitalization
3,798
3,830
3,846

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4,925
4,852
5,346
Cash, Cash Equivalents & STI
702
864
828
Accounts Receivable, Net
1,628
1,366
1,830
Inventories
2,533
2,509
2,554
Total Current Liabilities
2,182
2,064
2,543
Payables & Accruals
938
892
1,021
ST Debt
1,193
1,133
1,445
Deferred Revenue
46
36
73

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.58%
7.26%
6.4%
Free Cash Flow
-97.89%
150.96%
-36.73%
Net Income, GAAP
7.34%
8.97%
2.19%
Sales/Revenue/Turnover
5.66%
14.82%
10.6%
Total Cash Common Dividend
6.82%
-6.5%
-16.24%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,814
2,849
3,128
2,799
11,590
2025
3,034
3,155
3,489
3,141
12,818
2026
3,337
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.1
0.22
- -
0.63
2025
0.12
0.16
0.22
- -
0.64
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.29
- -
- -
0.29
2025
- -
- -
- -
- -
0.24
2026
- -
- -
- -
- -
- -
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Business
Lam Soon (Thailand) Public Company Limited manufactures and distributes palm oil products and related consumer goods in Thailand. The company produces cooking oils including palm, sunflower, canola, olive, soybean, corn, rice bran, coconut and blended varieties; margarine; shortening; specialty vegetable fats; bakery ingredients such as cocoa powder, chocolate compounds, pastry, flour, organic rice and salted or unsalted butter blends; canned, pouched or jarred tropical fruits and vegetables; frozen fruits and vegetables; fruit juices; canned coffee; beverages; wheat-based pasta including spaghetti, macaroni, fusilli and penne; seasonings; sauces; and household care products, marketed under brands such as Naturel, Zest Gold, Butter Cream, Pop Brand, Golden Leaf, Zest, Golden Jade, Moonlight and Yok Vegetable Oil. It operates a crushing mill with 45 tonnes per hour capacity in Trang province, a refinery with 700 tonnes per day capacity in Bangpoo Industrial Estate, and engages in oil palm plantations, crude palm oil and kernel oil processing, forest reserve land concessions and biogas electricity generation. Lam Soon (Thailand), founded in 1974 and listed on the Stock Exchange of Thailand in 1996, holds a 69.9% stake in United Palm Oil Industry Public Company Limited for plantations and milling, 98.76% in Universal Food Public Company Limited acquired in 2004 for processed foods under the UFC brand with factories in Lampang and Nakhon Pathom, and 97% indirect ownership via UFC in Union Frost Company Limited for frozen produce; headquarters are located at 64 Soi Bangna-Trad 25, Bangna, Bangkok. Recent developments include a 3.7% sales revenue increase to 8.0 billion baht in 2024, dividend approval for the 2024 fiscal year payable in April 2025, registration with Thailand Greenhouse Gas Management Organization for a wastewater biogas project, and sustained operational focus amid stable financial reporting for quarters through June 2025.