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MBK Public Company Limited

MBK Public Company Limited

MBK.BK
MBK Public Company LimitedTH flagStock Exchange of Thailand
18.70
THB
+0.10
- -
26.14BMarket Cap
MBK Public Company Limited
MBK.BK
(Stock Exchange of Thailand)

Recent

price

18.70

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
5.36
5.39
5.51
6.52
6.82
8.65
7.8
7.29
7.93
7.78
6.53
5.64
5.82
6.63
7.35
7.53
7.43
Revenue per Share
1.68
0.85
1.25
2.89
1.19
1.36
1.54
1.38
2.17
2.12
0.11
-0.59
0.23
1.04
1.75
2.66
2.77
Basic EPS, GAAP
-0.47
-0.4
0.27
-0.79
0.72
2.02
-0.28
-0.77
-0.28
-0.32
0.29
1.22
1.4
0.07
2.17
2.48
3.2
Free Cash Flow per Basic Share
0.49
0.54
0.52
0.5
0.6
0.6
0.66
0.66
0.74
0.76
0.42
- -
0.37
0.8
0.77
0.87
0.85
Dividend per Share
5.96
6.32
7.04
7.86
8.96
9.72
10.59
11.31
12.78
14.18
13.04
12.18
11.32
13.2
14.05
15.04
15.58
Book Value per Share
7.95
8.31
10.04
10.89
12.3
13.11
14.92
16.3
16.77
18.41
16.01
15.41
15.02
14.74
15.73
17.62
18.58
Tangible Book Value per Share
1,514
1,514
1,514
1,422
1,336
1,336
1,336
1,336
1,330
1,323
1,323
1,352
1,444
1,510
1,535
1,609
1,631
Basic Weighted Avg Shares
8,121
8,164
8,344
9,272
9,114
11,550
10,416
9,740
10,548
10,287
8,636
7,631
8,405
10,014
11,278
12,110
12,129
Sales/Revenue/Turnover
46.47
24.04
23.55
18.88
18.41
18.76
21.19
21.28
19.81
19.61
14.02
7.16
9.22
10.93
18.55
23.43
24.01
Operating Margin (%)
157
261
991
1,609
1,513
1,950
1,924
1,951
1,960
1,978
1,543
1,800
1,777
1,679
1,724
1,763
1,763
Depreciation Expense
2,547
1,293
1,895
4,108
1,591
1,815
2,055
1,841
2,881
2,800
149
-804
332
1,567
2,688
4,280
4,520
Net Income, GAAP
27.46
25.13
16.86
16.31
18.4
17.52
15.99
17.07
17.46
10.99
57.12
- -
40.43
19.02
13.05
- -
12.6
Effective Tax Rate (%)
31.36
15.84
22.71
44.3
17.46
15.72
19.73
18.9
27.32
27.22
1.73
-10.54
3.95
15.65
23.83
35.34
37.26
Profit Margin (%)
3,336
5,206
2,023
5,849
3,839
3,250
5,164
4,085
5,910
4,527
7,986
7,514
4,346
2,469
-743
4,533
5,849
Working Capital
3,323
6,162
6,284
13,124
13,131
12,125
14,093
13,340
17,260
16,835
29,362
26,389
23,661
27,782
24,758
26,738
26,766
LT Debt
12,077
12,632
15,706
15,951
16,877
17,941
20,352
22,185
22,684
24,706
21,385
21,058
21,813
22,385
24,243
28,456
30,414
Total Equity
14.53
6.82
6.74
5.12
4.38
5.43
5.23
4.46
4.09
3.97
1.04
- -
0.91
1.67
3.2
- -
- -
Return on Invested Capital (%)
16.91
8.16
9.85
18.77
7.69
8.35
8.59
7.43
9.93
9.02
1.32
- -
2.15
4.97
6.98
- -
8.68
Return on Capital (%)
31.45
13.91
18.73
37.62
13.75
14.55
15.14
12.58
17.95
15.66
0.83
-4.77
2.02
8.64
12.95
18.71
18.86
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7,487
5,956
4,464
LT Borrowings
14,896
16,882
16,892
LT Finance Leases
9,835
9,856
9,874
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,398
1,398
1,398
Market Capitalization
27,741
27,900
28,060

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12,114
13,301
12,861
Cash, Cash Equivalents & STI
3,755
5,107
4,650
Accounts Receivable, Net
544
459
470
Inventories
1,763
1,651
1,797
Total Current Liabilities
10,185
8,768
7,013
Payables & Accruals
1,443
2,152
1,513
ST Debt
7,487
5,956
4,464
Deferred Revenue
123
413
105

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.05%
6.07%
17.38%
Free Cash Flow
333.1%
702.3%
19.55%
Net Income, GAAP
-31.57%
-55.5%
59.25%
Sales/Revenue/Turnover
1.11%
7.53%
7.38%
Total Cash Common Dividend
- -
139,767.38%
18.21%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,887
2,664
2,675
3,052
11,278
2025
3,145
2,967
2,857
3,141
12,110
2026
3,165
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.5
0.43
- -
1.75
2025
0.63
0.75
0.61
- -
2.66
2026
0.73
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.36
- -
- -
0.77
2025
- -
0.44
0.42
- -
0.87
2026
- -
- -
- -
- -
- -
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Business
MBK Public Company Limited is a diversified Thai conglomerate engaged in shopping centers, hotels and tourism, golf courses, real estate development, food solutions, financial services, auction services, and corporate support businesses. The company operates flagship shopping centers including MBK Center, Paradise Park, The Nine Center Tiwanon, and Glas Haus Ratchada; hotels and resorts such as Pathumwan Princess Hotel, Dusit Thani Krabi Beach Resort, Layana Resort and Spa, and Tinidee Trendy Bangkok Khaosan; golf courses like Riverdale Golf Club, Bangkok Golf Club, The Loch Palm Golf Course, and Red Mountain Golf Course; real estate projects encompassing residential sales, property development, management, advisory, and asset appraisal; food solutions through PRG Corporation covering rice production, energy, logistics, and related products; financial services via motorcycle hire-purchase (T Leasing), property loans (MBKG), and guarantees (MBK Guarantee); auction services through Apple Auto Auction; and corporate support including IT, call centers, legal, HR, and training. Headquartered at 444 MBK Center, 8th Floor, Phayathai Road, Pathumwan, Bangkok, Thailand, and founded in 1974, MBK primarily serves domestic and international customers in Thailand with select operations extending to the United States, Canada, Europe, and Asia Pacific. In November 2025, a subsidiary established a joint venture with TTB Consumer (70% TTB, 30% MBK) for motorcycle hire-purchase and leasing with THB 150 million capital, expected to launch in Q2 2026 to leverage MBK's network and TTB's customer base for synergies in funding, revenue, and costs while winding down new originations at T Leasing; additionally, in May 2025, MBK sold shares in subsidiary PRG Corporation, reducing ownership from 74.81% to 56.68% to boost free float and liquidity.