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Metro Systems Corporation Public Company Limited

Metro Systems Corporation Public Company Limited

MSC.BK
Metro Systems Corporation Public Company LimitedTH flagStock Exchange of Thailand
5.70
THB
-0.55
- -
2.05BMarket Cap
Metro Systems Corporation Public Company Limited
MSC.BK
(Stock Exchange of Thailand)

Recent

price

5.70

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
15.63
17.19
17.73
18.73
19.6
19.38
21.25
20.54
22.15
20.56
20.36
20
26.02
26.33
24.81
25.46
23.3
Revenue per Share
0.35
0.29
0.56
0.57
0.49
0.57
0.52
0.65
0.79
0.61
0.43
0.55
0.68
0.79
0.71
0.47
0.38
Basic EPS, GAAP
-0.5
0.78
0.31
-0.21
0.41
0.29
1.13
0.54
-0.95
1.56
1.01
0.24
-1.01
1.96
-0.29
2.65
0.84
Free Cash Flow per Basic Share
0.1
0.2
0.25
0.35
0.3
0.3
0.3
0.35
0.43
0.47
0.44
0.3
0.38
0.4
0.53
0.5
0.5
Dividend per Share
2.73
2.57
2.88
3.1
3.28
3.5
3.73
4.03
4.38
4.46
4.45
4.7
5.07
5.46
5.67
5.64
5.87
Book Value per Share
3.38
3.36
3.65
3.87
4.05
4.28
4.48
4.79
5.13
5.2
5.14
5.38
5.63
5.96
6.15
6.15
6.39
Tangible Book Value per Share
360
360
360
360
359
360
360
360
360
360
360
360
360
360
360
360
360
Basic Weighted Avg Shares
5,627
6,189
6,383
6,743
7,041
6,977
7,651
7,395
7,974
7,402
7,330
7,199
9,368
9,479
8,932
9,167
8,390
Sales/Revenue/Turnover
2.73
4.56
3.67
3.32
3.01
4.09
2.73
3.58
3.58
2.86
2.26
2.1
2.46
3.18
1.66
1.51
1.75
Operating Margin (%)
81
69
65
70
77
82
96
106
99
106
109
94
73
72
83
85
86
Depreciation Expense
125
104
201
204
176
206
188
235
283
220
156
197
245
285
256
169
136
Net Income, GAAP
26.34
44.99
26.82
16.5
21.82
21.19
18.79
20.27
18.46
18.59
16.06
21.5
20.12
19.72
19.68
20.55
21.53
Effective Tax Rate (%)
2.22
1.68
3.15
3.03
2.5
2.95
2.46
3.18
3.55
2.98
2.13
2.74
2.61
3.01
2.86
1.85
1.62
Profit Margin (%)
556
714
756
791
817
831
844
1,028
1,020
1,086
1,204
1,283
1,398
1,509
1,367
1,511
1,589
Working Capital
34
49
39
63
159
147
156
117
79
44
37
15
24
32
329
290
247
LT Debt
1,223
1,214
1,326
1,405
1,467
1,552
1,628
1,739
1,862
1,893
1,890
1,977
2,075
2,216
2,280
2,270
2,352
Total Equity
8.02
10.44
11.55
11.19
9.23
11.76
8.71
10.93
11.25
8.11
6.74
5.77
7.71
9.73
4.42
3.63
3.67
Return on Invested Capital (%)
11.09
9.19
17.6
15.66
13.17
13.76
12.31
14.7
16.4
12.28
9.13
11.27
11.81
13.13
10.48
6.99
5.48
Return on Capital (%)
13.3
10.92
20.53
19
15.35
16.9
14.45
16.84
18.71
13.84
9.71
11.97
13.93
15.05
12.78
8.32
6.35
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
430
382
440
LT Borrowings
26
20
31
LT Finance Leases
304
270
217
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
360
360
360
Market Capitalization
2,808
2,826
2,394

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,701
3,071
3,476
Cash, Cash Equivalents & STI
330
692
699
Accounts Receivable, Net
1,160
1,048
1,142
Inventories
402
499
712
Total Current Liabilities
1,353
1,560
1,887
Payables & Accruals
759
1,023
1,290
ST Debt
430
382
440
Deferred Revenue
91
90
97

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.91%
3.76%
-0.47%
Free Cash Flow
-234.93%
-402.24%
-1,007.19%
Net Income, GAAP
0.83%
4.61%
-33.85%
Sales/Revenue/Turnover
3.24%
5.27%
2.63%
Total Cash Common Dividend
6.92%
5.24%
-5.43%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,314
1,945
2,300
2,372
8,932
2025
3,185
1,978
2,063
1,941
9,167
2026
2,408
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.12
0.07
- -
0.71
2025
0.32
0.05
0.05
- -
0.47
2026
0.23
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.53
- -
- -
0.53
2025
- -
0.5
- -
- -
0.5
2026
- -
- -
- -
- -
- -
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Business
Metro Systems Corporation Public Company Limited engages primarily in information technology services and solutions. The company’s core products and services include the distribution of computer hardware and software solutions; systems integration and installation services; custom software development; IT consulting and support; cloud computing services; cybersecurity solutions; and office equipment distribution such as printers, cameras, and projectors. It operates through several business segments including the Enterprise System Group (ESG) for hardware distribution, the Solutions Integration Group (SIG) for software and system services, and the Office Supplies Group (OSG) for office equipment. Metro Systems serves a diverse range of customers in Thailand, covering enterprises, government agencies, and various industry sectors. Founded in 1987 and headquartered in Bangkok, Thailand, the company has evolved its offerings to meet advancing technology trends and shifting IT needs. In recent developments, Metro Systems signed strategic partnerships with Silverfort and TERA in 2025 to enhance identity security and accelerate adoption of AWS public cloud services and generative AI technologies. It also collaborated with Amazon Web Services and Cynclair to strengthen cloud infrastructure security. These partnerships underscore a strategic focus on cybersecurity, cloud computing, and AI-driven IT solutions to drive digital transformation in Thai enterprises. Metro Systems continues to expand its footprint in Thailand’s IT services market with a long-term goal of being a leading end-to-end IT service provider. The company emphasizes sustainable growth through cutting-edge technology solutions, personnel development, and value chain enhancement. It has been recognized in the Thailand Sustainability Investment (SET ESG Ratings) list, reflecting its commitment to environmental, social, and governance practices. Metro Systems operates primarily in Thailand and adjusts its business strategy to support customers’ digital era needs and continuity of business operations efficiently and securely. The company remains publicly listed on the Stock Exchange of Thailand under the ticker MSC.BK. Its recent strategic changes, including alliances with leading technology providers, reflect a proactive approach to evolving market demands and technological innovation in cloud, cybersecurity, and AI solutions. These efforts contribute to Metro Systems’ sustained revenue growth and margin improvement in the rapidly changing IT landscape.