1. Thailand Stocks

  2. •

    Consumer Cyclical

  3. •

    Travel Lodging
Minor International Public Company Limited

Minor International Public Company Limited

MINOF
Minor International Public Company LimitedUS flagOther OTC
0.78
USD
- -
- -
4.41BMarket Cap
Minor International Public Company Limited
MINOF
(Other OTC)

Recent

price

0.78

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
4.72
6.52
7.71
7.91
8.33
9.48
11.44
12.21
16.08
25.38
11.52
13.37
23.25
27.28
28.5
28.33
28.68
Revenue per Share
0.31
0.72
0.8
0.94
0.99
1.58
1.47
1.2
0.96
2.28
-4.41
-2.53
0.82
0.99
1.37
1.59
1.63
Basic EPS, GAAP
-0.47
0.29
0.14
0.17
0.02
-0.93
0.1
-0.01
-0.48
0.07
-1.9
2.52
4.79
5.34
5.4
4.19
3.96
Free Cash Flow per Basic Share
0.15
0.12
0.12
0.27
0.31
0.22
0.34
0.34
0.39
0.39
- -
- -
- -
0.5
0.57
0.65
0.65
Dividend per Share
2.4
2.87
3.53
4.01
4.6
5.94
7.06
7.91
8.17
9.71
4.17
0.86
1.46
1.28
1.73
2.26
2.1
Book Value per Share
1.9
1.42
2.1
3.4
4.16
4.21
4.99
6.79
4.07
5.58
1.87
1.91
2.84
3
5.76
4.78
4.81
Tangible Book Value per Share
4,000
4,020
4,060
4,383
4,469
4,469
4,474
4,509
4,689
4,689
4,858
5,196
5,249
5,475
5,661
5,670
5,662
Basic Weighted Avg Shares
18,873
26,221
31,310
34,678
37,242
42,357
51,160
55,040
75,394
119,025
55,954
69,481
122,030
149,340
161,352
160,619
162,397
Sales/Revenue/Turnover
9.77
8.57
10.73
11.83
9.9
8.1
7.91
9.1
8.05
6.38
-34.27
-19.42
9.35
12.18
12.01
10.99
10.85
Operating Margin (%)
1,610
1,980
2,201
2,465
2,860
3,095
3,860
4,130
5,725
8,914
18,241
19,942
19,275
20,400
21,448
21,553
21,767
Depreciation Expense
1,236
2,880
3,243
4,101
4,402
7,040
6,590
5,415
4,508
10,698
-21,407
-13,167
4,286
5,407
7,750
9,009
9,241
Net Income, GAAP
18.15
12.41
14.61
13.9
8.1
5.44
13.16
12.28
21.33
17.26
- -
- -
34.74
36.56
23.46
25.2
25.25
Effective Tax Rate (%)
6.55
10.98
10.36
11.83
11.82
16.62
12.88
9.84
5.98
8.99
-38.26
-18.95
3.51
3.62
4.8
5.61
5.69
Profit Margin (%)
788
-1,223
1,323
-462
-567
6,243
-978
4,927
-5,678
3,007
10,826
-8,645
-17,258
-23,820
-20,475
-24,514
-25,669
Working Capital
12,236
16,363
20,892
18,602
27,461
41,373
42,010
44,843
109,261
102,402
211,716
193,472
173,959
166,651
151,995
161,309
159,650
LT Debt
13,756
14,811
19,062
26,875
30,024
36,711
40,797
50,504
82,301
85,868
76,324
79,492
82,609
87,295
99,137
96,986
98,760
Total Equity
5.8
6.24
7.34
7.53
5.88
4.39
4.03
4.56
3.05
3.05
- -
- -
2.48
3.97
5.21
4.66
4.6
Return on Invested Capital (%)
6.65
12.7
11.64
11.9
10.78
12.34
9.66
7.77
4.92
8
- -
- -
4.22
5.36
7.65
7.6
7.54
Return on Capital (%)
13.38
27.26
25.08
25.72
23.1
29.9
22.67
16.1
12.18
25.52
-65.06
-106.38
70.58
73.76
92.21
79.71
88.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
26,277
24,346
28,276
LT Borrowings
83,570
84,983
83,270
LT Finance Leases
74,650
76,326
76,380
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,670
5,659
5,626
Market Capitalization
175,328
170,350
144,851

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
40,419
37,993
40,535
Cash, Cash Equivalents & STI
9,644
9,597
9,657
Accounts Receivable, Net
10,192
8,299
8,691
Inventories
6,286
6,738
6,981
Total Current Liabilities
65,687
62,508
66,204
Payables & Accruals
26,991
29,744
25,465
ST Debt
26,277
24,346
28,276
Deferred Revenue
409
419
548

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.62%
5.03%
-2.17%
Free Cash Flow
457.64%
-30.2%
-22.34%
Net Income, GAAP
-28.91%
-17.06%
16.25%
Sales/Revenue/Turnover
20%
25.96%
-0.45%
Total Cash Common Dividend
- -
- -
14.04%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,523
43,714
40,625
40,490
161,352
2025
35,568
42,083
40,362
42,605
160,619
2026
37,346
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.5
0.03
- -
1.37
2025
0.07
0.54
0.45
- -
1.59
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.32
0.25
- -
0.57
2025
- -
0.35
0.3
- -
0.65
2026
- -
- -
- -
- -
- -
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Business
Minor International Public Company Limited (MINT) is a Thailand-based multinational hospitality, restaurant and lifestyle company headquartered in Bangkok and founded in 1978. The company operates through subsidiaries including Minor Hotels, Minor Food and Minor Lifestyle, offering over 560 hotels and resorts under brands such as Anantara, Avani, Oaks, Tivoli, NH Collection, NH, nhow, Marriott, Four Seasons, St. Regis and Radisson Blu; more than 2,660 restaurants featuring The Pizza Company, The Coffee Club, Riverside, Benihana, Thai Express, Bonchon, Swensen's, Sizzler, Dairy Queen and Burger King; and retail trading of fashion and lifestyle products including Anello, BergHOFF, Bodum, Bossini, Charles & Keith, Esprit, Joseph Joseph, Radley and Zwilling J.A. Henckels, alongside spas, entertainment venues, mixed-use developments, property rentals, vacation clubs and contract manufacturing. MINT serves customers across 65 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, targeting leisure travelers, business guests, dining consumers and retail shoppers. Recent developments include the successful completion of a tender offer to delist Minor Hotels Europe & Americas in September 2025 following progressive acquisitions since 2018; a strategic partnership with ThirdHome and Anantara Vacation Club announced in November 2025; acquisition of Dukes The Palm, a Royal Hideaway Hotel on Palm West Beach effective August 2025; issuance of an oversubscribed THB 8 billion sustainability-linked bond in July 2024; a joint venture with Royal Holdings to develop 21 hotels in Japan by 2035; plans to launch a Singapore-listed REIT targeting $1.5 billion to lighten asset ownership; and record 2024 financials with 16% net profit growth to $151 million amid portfolio expansion adding over 30 properties.