PM Thoresen Asia Holdings Public Company Limited

PM Thoresen Asia Holdings Public Company Limited

PMTA.BK
PM Thoresen Asia Holdings Public Company LimitedTH flagStock Exchange of Thailand
9.60
THB
-0.10
- -
971.52MMarket Cap
PM Thoresen Asia Holdings Public Company Limited
PMTA.BK
(Stock Exchange of Thailand)

Recent

price

9.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
33.51
31.95
28.39
27.46
28.49
28
38.9
41.96
37.05
38.06
36.4
35.97
Revenue per Share
- -
2.36
2.74
1.89
0.37
0.44
0.93
1.32
0.77
0.57
1.49
1.49
1.39
Basic EPS, GAAP
- -
0.37
3.77
-1.27
-2.64
0.9
3.01
0.06
-3.66
4.78
1.19
-2.94
-0.46
Free Cash Flow per Basic Share
- -
- -
1.12
1.17
1
0.5
0.5
0.7
0.5
0.3
0.4
1
1.01
Dividend per Share
- -
12.6
13.85
14.51
13.86
13.77
14.16
14.75
15.01
15.14
16.31
16.71
16.97
Book Value per Share
- -
15.58
16.68
15.48
14.93
14.02
13.59
15.65
15.73
15.33
15.86
14.91
16.4
Tangible Book Value per Share
- -
99
101
101
101
101
101
101
101
102
101
101
101
Basic Weighted Avg Shares
- -
3,308
3,233
2,873
2,779
2,883
2,833
3,937
4,246
3,779
3,847
3,690
3,619
Sales/Revenue/Turnover
- -
-75.1
10.17
8.74
2.29
2.98
4.49
3.9
3.15
3.34
5.92
5.63
5.37
Operating Margin (%)
- -
58
66
64
67
64
74
69
79
76
76
76
76
Depreciation Expense
- -
233
277
192
38
44
94
133
78
58
151
151
140
Net Income, GAAP
- -
17.55
15.67
19.55
28.79
29.2
21.35
18.51
25.08
30.55
21.13
19.03
17.82
Effective Tax Rate (%)
- -
7.04
8.57
6.67
1.36
1.53
3.31
3.39
1.84
1.54
3.92
4.09
3.86
Profit Margin (%)
651
905
1,068
938
924
921
990
1,196
1,133
1,041
1,097
1,044
1,095
Working Capital
- -
- -
- -
- -
- -
- -
93
100
114
104
109
92
94
LT Debt
1,164
1,538
1,689
1,567
1,511
1,419
1,456
1,672
1,695
1,658
1,689
1,585
1,650
Total Equity
- -
-134.29
16.48
11.87
2.54
3.32
5.58
6.45
4.37
3.75
8.39
7.56
7.54
Return on Invested Capital (%)
- -
19.12
20.59
13.01
2.5
3.1
6.37
8.2
4.82
4.26
8.83
7.96
8.16
Return on Capital (%)
- -
21.38
20.95
13.36
2.62
3.15
6.64
9.12
5.19
3.8
9.44
9.04
8.28
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
520
665
462
LT Borrowings
- -
- -
- -
LT Finance Leases
95
92
94
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
101
101
101
Market Capitalization
1,013
1,034
1,036

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,842
1,943
1,885
Cash, Cash Equivalents & STI
336
312
721
Accounts Receivable, Net
358
655
278
Inventories
1,084
930
736
Total Current Liabilities
811
900
790
Payables & Accruals
291
235
328
ST Debt
520
665
462
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.52%
1.94%
-6.17%
Free Cash Flow
-552.73%
-1,307.51%
-346.81%
Net Income, GAAP
17.21%
26.89%
0.31%
Sales/Revenue/Turnover
1.89%
6.71%
-4.07%
Total Cash Common Dividend
- -
30.95%
150%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
712
1,151
959
1,025
3,847
2025
926
1,073
788
904
3,690
2026
855
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.5
0.44
- -
1.49
2025
0.24
0.61
0.28
- -
1.49
2026
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.4
- -
- -
0.4
2025
- -
1
- -
- -
1
2026
- -
- -
- -
- -
- -
Business
PM Thoresen Asia Holdings Public Company Limited (PMTA.BK) is a Thailand-based investment holding company primarily engaged in the manufacture and sale of fertilizers and agrochemical products through its subsidiaries. Founded in 2014 and headquartered in Bangkok, the company operates principally in Vietnam via its 100%-owned subsidiary Baconco Company Limited, which produces NPK synthesized chemicals and microelement fertilizers, compound and single fertilizers, foliar fertilizers, pesticides, and insecticides under the STORK brand; Baconco also provides factory area management services, including warehousing and logistics at three facilities (BCC I, BCC III, and BCC V) totaling 31,800 square meters in Phu My I Industrial Park, with an additional 50,000-square-meter facility under construction, and supplies seeds and agricultural materials. PM Thoresen Asia (Singapore) Pte. Ltd., another wholly owned subsidiary established in 2013, handles raw material procurement, including macronutrients such as nitrogen, phosphate, and potash, to support Baconco's operations; Baconco sells domestically through 130 wholesalers, exports to 32 countries (primarily ASEAN and Africa) with a 25% Vietnamese market share, and holds a 450,000-metric-ton annual production capacity following a 2014 granulation facility expansion. PMTA is a wholly owned subsidiary of Thoresen Thai Agencies Public Company Limited and focuses on the agricultural inputs sector, serving farmers and distributors amid Vietnam's growing agricultural economy. In recent developments, Baconco secured exclusive distributorship rights for Solvay's innovative "N-Protect" urea fertilizer products from Belgium in 2025; the company reported net profit growth of 16% year-over-year to Baht 114.6 million for the nine months ended September 30, 2025, despite an 18% revenue decline in Q3/2025 to Baht 753.0 million due to delayed domestic demand from weather issues, bolstered by tripled export volumes to markets including the Philippines, Thailand, and Cambodia.