1. Thailand Stocks

  2. •

    Industrials

  3. •

    Integrated Freight & Logistics
NCL International Logistics Public Company Limited

NCL International Logistics Public Company Limited

NCL.BK
NCL International Logistics Public Company LimitedTH flagStock Exchange of Thailand
0.20
THB
+0.01
- -
119.29MMarket Cap
NCL International Logistics Public Company Limited
NCL.BK
(Stock Exchange of Thailand)

Recent

price

0.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.7
2.56
2.35
2.32
2.74
2.8
1.95
4.16
3.64
1.3
1.3
1.44
1.22
Revenue per Share
0.06
-0.19
-0.02
-0.02
0.01
0.02
-0.06
0.24
-0.01
-0.62
-0.51
-0.16
-0.13
Basic EPS, GAAP
0.05
-0.18
0.04
0.05
0.03
0.01
0.07
0.15
-0.02
-0.12
-0.13
-0.06
-0.04
Free Cash Flow per Basic Share
0.07
0.02
- -
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.36
0.08
0.21
0.19
0.21
0.24
0.17
0.42
0.38
-0.23
-0.73
-0.74
-0.67
Book Value per Share
0.95
0.55
0.53
0.59
0.72
0.61
0.55
0.89
1.24
0.49
- -
-0.04
-0.04
Tangible Book Value per Share
340
420
420
420
439
454
454
455
523
528
528
597
680
Basic Weighted Avg Shares
915
1,075
986
976
1,204
1,270
884
1,893
1,904
688
686
860
829
Sales/Revenue/Turnover
3.97
-3.47
0.65
1.57
1.41
-0.71
-1.81
7.1
0.39
-38.09
-19.66
-6.12
-3.48
Operating Margin (%)
17
21
14
13
27
24
35
39
45
48
42
38
35
Depreciation Expense
20
-81
-8
-8
3
11
-26
111
-7
-329
-271
-95
-87
Net Income, GAAP
23.49
- -
- -
- -
74.07
- -
- -
12.89
540.23
- -
- -
- -
90.65
Effective Tax Rate (%)
2.13
-7.5
-0.83
-0.78
0.26
0.87
-2.95
5.87
-0.35
-47.76
-39.5
-11.04
-10.43
Profit Margin (%)
17
-81
-83
-138
-89
-75
-51
100
109
-244
-337
-209
-223
Working Capital
28
33
14
66
36
29
102
99
171
109
61
55
46
LT Debt
325
236
225
251
323
310
277
435
676
334
70
32
31
Total Equity
- -
- -
- -
- -
0.78
- -
- -
17.33
-3.4
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
1.99
- -
- -
24.62
-10.39
- -
- -
- -
271.54
Return on Capital (%)
- -
-102.52
-13.47
-9.02
3.61
10.97
-28.21
82.93
-3.41
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
241
244
244
LT Borrowings
34
33
29
LT Finance Leases
13
22
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
694
694
694
Market Capitalization
244
156
150

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
305
232
235
Cash, Cash Equivalents & STI
8
7
15
Accounts Receivable, Net
172
72
94
Inventories
- -
4
4
Total Current Liabilities
516
441
458
Payables & Accruals
170
173
189
ST Debt
241
244
244
Deferred Revenue
80
11
13

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.05%
-14.34%
-54.66%
Free Cash Flow
117.5%
88.26%
-51.45%
Net Income, GAAP
381.88%
828.5%
-64.94%
Sales/Revenue/Turnover
6.51%
15.18%
25.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
162
144
226
154
686
2025
133
190
301
235
860
2026
103
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.07
-0.08
-0.3
- -
-0.51
2025
-0.04
- -
- -
- -
-0.16
2026
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Super Group Limited (SPG.JO)
Blue Dart Express Limited (BLUEDART.BO)
Addentax Group Corp. (ATXG)
Kerry Express (Thailand) Public Company Limited (KEX.BK)
MITSUI-SOKO HOLDINGS Co., Ltd. (9302.T)
A-Sonic Aerospace Limited (BTJ.SI)
Business
NCL International Logistics Public Company Limited is a Thailand-based logistics service provider specializing in international freight forwarding, customs brokerage, inland transportation, multimodal transport operation, and related freight services for imports and exports. The company operates through four main segments: land transportation, freight forwarding, non-vessel operating common carrier (NVOCC), and production and distribution of dialysis-related medical supplies. Its logistics services include full-container load and less-than-container load sea and air freight forwarding; door-to-door delivery; customs brokerage; shipper-owned containers; warehousing; and domestic freight forwarding using tractor heads and trailer trucks. NCL services global trade routes covering over 180 countries with offices also in Qingdao, Ningbo, Vietnam, Singapore, Indonesia, and the USA. Founded in 1994 and headquartered in Bangkok, the company has expanded its offerings to include multimodal transport solutions and digital content support systems via telecommunications. Recent major changes include the approval in early 2024 to establish a joint venture with the Industrial Estate Authority of Thailand focused on international shipping agency services and product safety, and a strategic sale of a digital network investment to enhance liquidity. Additionally, the company reported improved financial performance in 2025 with increased revenues and reduced losses indicating operational recovery. NCL continues to focus on integrated logistics solutions for industrial and healthcare sectors, leveraging its extensive regional network and diversified service portfolio.