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SC Asset Corporation Public Company Limited

SC Asset Corporation Public Company Limited

SC.BK
SC Asset Corporation Public Company LimitedTH flagStock Exchange of Thailand
1.95
THB
+0.02
- -
8.34BMarket Cap
SC Asset Corporation Public Company Limited
SC.BK
(Stock Exchange of Thailand)

Recent

price

1.95

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
1.64
1.78
2.01
2.4
3.02
3.36
3.45
2.98
3.7
4.22
4.54
4.65
5.12
5.74
4.75
4.73
4.87
Revenue per Share
0.29
0.26
0.29
0.26
0.37
0.45
0.47
0.3
0.43
0.48
0.45
0.49
0.61
0.58
0.4
0.36
0.36
Basic EPS, GAAP
-0.2
-0.73
-0.73
-0.6
0.04
-0.03
-0.22
-0.53
0.09
-0.47
1.36
0.02
-1.3
-0.57
- -
0.52
0.95
Free Cash Flow per Basic Share
0.1
0.11
0.1
0.03
0.11
0.07
0.18
0.19
0.12
0.16
0.19
0.18
0.28
0.25
0.21
0.16
0.16
Dividend per Share
2.07
1.97
2.13
2.35
2.61
2.99
3.28
3.39
3.7
4.02
4.28
4.59
4.9
5.19
5.36
5.54
5.57
Book Value per Share
2.13
2.1
2.28
2.51
2.76
3.1
3.24
3.57
3.87
4.18
4.44
4.77
5.12
5.42
5.6
5.76
5.81
Tangible Book Value per Share
4,064
4,125
4,164
4,175
4,179
4,179
4,179
4,179
4,180
4,180
4,180
4,187
4,215
4,263
4,276
4,277
4,276
Basic Weighted Avg Shares
6,652
7,354
8,358
10,031
12,601
14,050
14,434
12,450
15,447
17,637
18,977
19,475
21,583
24,487
20,302
20,233
20,807
Sales/Revenue/Turnover
24.48
20.58
16.57
13.07
16.21
17.32
17.23
13.94
15.18
14.45
13.15
13.63
15.1
14.01
8.6
10.56
10.09
Operating Margin (%)
-22
29
32
85
90
98
133
139
138
135
163
167
115
147
152
135
130
Depreciation Expense
1,166
1,079
1,218
1,082
1,558
1,895
1,968
1,259
1,800
2,025
1,898
2,062
2,556
2,482
1,706
1,533
1,541
Net Income, GAAP
26.14
27.86
12.84
15.05
20.44
20.37
20.17
20.78
21.24
20.25
21.07
21.21
20.91
20.63
16.08
20.85
20.64
Effective Tax Rate (%)
17.53
14.68
14.58
10.78
12.37
13.49
13.64
10.11
11.65
11.48
10
10.59
11.84
10.14
8.4
7.58
7.41
Profit Margin (%)
3,558
5,832
7,839
10,794
11,085
13,443
15,232
18,890
19,661
19,617
19,968
22,699
24,171
27,244
30,522
29,114
28,285
Working Capital
735
2,514
3,923
5,994
5,376
6,565
7,298
10,305
10,601
9,482
8,928
11,048
12,453
15,584
18,800
17,704
16,864
LT Debt
8,718
8,748
9,544
10,527
11,636
13,225
14,441
14,931
16,231
17,547
18,643
20,054
21,709
23,252
24,095
24,780
24,981
Total Equity
11.11
7.5
6.57
5.06
6.62
7.31
6.88
4.29
5.24
5.3
4.91
4.94
5.42
5.07
2.55
2.94
2.83
Return on Invested Capital (%)
11.72
7.95
7.19
5.48
7.17
8
7.29
4.24
5.5
5.79
5.18
5.21
5.72
5.23
3.55
3.22
3.17
Return on Capital (%)
16.3
13.03
14.31
11.57
15.04
16.21
15.03
9.03
12.15
12.56
10.95
11.11
12.82
11.61
7.57
6.57
6.58
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
15,751
14,617
15,714
LT Borrowings
18,318
17,350
16,510
LT Finance Leases
871
354
355
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,277
4,277
4,277
Market Capitalization
8,338
7,226
8,338

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
53,252
48,521
48,349
Cash, Cash Equivalents & STI
2,047
3,361
3,632
Accounts Receivable, Net
36
50
50
Inventories
48,544
41,846
41,277
Total Current Liabilities
23,125
19,407
20,064
Payables & Accruals
5,127
2,973
2,226
ST Debt
15,751
14,617
15,714
Deferred Revenue
1,702
1,278
1,612

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.51%
5.88%
2.85%
Free Cash Flow
261.51%
596.03%
10,415.7%
Net Income, GAAP
0.53%
-2.34%
-10.13%
Sales/Revenue/Turnover
4.43%
1.9%
-0.34%
Total Cash Common Dividend
17.62%
0.46%
-23.82%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,010
4,640
5,804
5,849
20,302
2025
2,671
5,220
5,126
7,216
20,233
2026
3,245
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.12
0.12
- -
0.4
2025
0.03
0.1
0.09
- -
0.36
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.05
- -
0.21
2025
- -
0.11
0.05
- -
0.16
2026
- -
- -
- -
- -
- -
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Business
SC Asset Corporation Public Company Limited (SC.BK) is a Thailand-based real estate developer engaged in property development for sale and rental, including management services; it operates through real estate sales, rental and services rendering, and consulting and management segments. The company develops and sells single detached houses, townhomes, home offices, condominiums, and office buildings; rents office and technical buildings; and provides consulting and management services, with a focus on premium residential projects targeting high-end customers in Thailand. Founded in 1989 and headquartered at 1010 Vibhavadi Rangsit Road, Chatuchak, Bangkok, it maintains operations primarily in Thailand, with recent emphasis on luxury segments including flagship launches like STILL Sukhumvit 20 ultra-luxury condominium and SONLE RESIDENCES ultra-luxury homes starting at 260 million baht. Recent developments include appointing All Well Corp as exclusive global sales partner for STILL Sukhumvit 20 in November 2025 to target markets in mainland China, Myanmar, Hong Kong, and Taiwan; partnering with SCB for over 17.6 billion baht in credit to fund 17 luxury residential projects; and through subsidiary SCX Corporation, forming a partnership with IHG Hotels & Resorts for voco Bangkok Siam hotel opening in 2029 to expand recurring-income properties. The company pursues a 2025 strategy restructuring into three engines—residential real estate, income-generating properties, and new ventures—while optimizing costs, enhancing sustainability to reduce over 100,000 tons of carbon emissions in five years, and strengthening international outreach.