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    Producer manufacturing

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    Building products
Alpha Divisions Public Company Limited

Alpha Divisions Public Company Limited

0.21
THB
+0.01
(+5.00%)
0.02EPS
13.60P/E
2.60BMarket Cap
Alpha Divisions Public Company Limited
SET:ALPHAX.R
(Stock Exchange of Thailand)

Recent

price

0.21

P/E

ratio

13.60

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
- -
0.34
0.62
0.35
0.26
0.26
0.23
0.41
0.84
0.29
0.22
0.09
0.03
0.02
0.04
0.04
Revenue per Share
- -
0.02
0.04
0.02
- -
- -
-0.03
-0.1
- -
0.03
- -
0.01
-0.04
0.04
0.03
0.02
Basic EPS, GAAP
- -
- -
0.05
-0.06
-0.05
-0.01
- -
-0.2
0.01
0.11
0.03
-0.09
-0.12
0.03
0.03
-0.12
Free Cash Flow per Basic Share
- -
- -
0.11
0.01
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.08
0.11
0.24
0.5
0.38
0.23
0.2
0.25
0.25
0.28
0.28
0.45
0.59
0.61
0.6
0.63
Book Value per Share
0.08
0.11
0.24
0.5
0.38
0.23
0.2
0.25
0.19
0.22
0.22
0.37
0.57
0.4
0.42
0.44
Tangible Book Value per Share
771
771
458
899
1,137
1,284
1,284
1,502
2,141
2,141
2,141
3,396
2,929
9,292
9,292
9,292
Basic Weighted Avg Shares
- -
259
282
319
293
329
292
611
1,806
613
469
297
74
185
337
369
Sales/Revenue/Turnover
- -
8.55
8.51
8.79
-1.23
1.77
-12.53
-22.21
-1.61
15.28
0.34
6.82
-103.88
-10.1
27.79
39.16
Operating Margin (%)
- -
5
6
6
8
9
9
9
7
6
11
14
17
46
85
85
Depreciation Expense
- -
19
16
22
-4
2
-32
-146
- -
58
-2
35
-107
331
318
191
Net Income, GAAP
- -
24.15
12
19.69
- -
34.49
- -
- -
- -
16.43
37.12
35.07
- -
5.8
6.39
13.42
Effective Tax Rate (%)
- -
7.21
5.75
6.9
-1.27
0.48
-11.07
-23.93
- -
9.53
-0.35
11.86
-144.45
178.84
94.57
51.82
Profit Margin (%)
20
34
147
150
164
146
107
469
613
545
601
1,122
5,277
3,895
3,899
4,056
Working Capital
6
1
8
- -
- -
4
3
2
150
1
45
114
71
250
204
1,426
LT Debt
65
83
187
244
272
263
232
471
577
666
671
1,557
5,693
5,693
5,634
5,907
Total Equity
- -
9.9
7.61
8.06
- -
0.46
- -
- -
- -
12.58
3.72
2.92
- -
6.19
5.79
3.32
Return on Invested Capital (%)
- -
12.62
9.26
9
- -
1.23
- -
- -
- -
4.05
-4.22
3.13
- -
5.92
5.74
3.2
Return on Capital (%)
- -
25.24
11.99
10.19
-1.44
0.59
-13.06
-41.62
-0.01
11.66
-0.31
3.73
-3.1
5.93
5.66
3.35
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
111
134
135
LT Borrowings
170
173
1,390
LT Finance Leases
33
36
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9,292
9,292
9,292
Market Capitalization
4,553
4,182
2,602

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,073
4,199
4,239
Cash, Cash Equivalents & STI
3,619
3,602
3,682
Accounts Receivable, Net
24
27
30
Inventories
- -
- -
- -
Total Current Liabilities
174
182
183
Payables & Accruals
54
38
36
ST Debt
111
134
135
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.32%
79.48%
-1.03%
Free Cash Flow
1,750.96%
-193.87%
-24.33%
Net Income, GAAP
-19,967.98%
-636.5%
-3.88%
Sales/Revenue/Turnover
33.7%
19.48%
81.76%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27
37
72
48
185
2025
49
59
130
98
337
2026
68
73
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
0.02
0.01
0.04
2025
- -
0.01
0.01
0.01
0.03
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Alpha Divisions Public Company Limited (ALPHAX.BK) operates diversified businesses centered on financial services and renewable energy production primarily in Thailand and Laos. The company provides hire purchase loans for motorcycles, used cars, gold, and agricultural machinery through its subsidiary Mahathuen Leasing Public Company Limited (MHTL); offers microfinance loans including car loans, motorcycle loans, land loans, and Lao government bond loans via Simoung Express Loan Non Deposits Taking Microfinance Institutions Sole Co., Ltd. (SML); and produces and distributes electricity from renewable sources through two hydropower plants in the Lao People's Democratic Republic—Nam Houng 1 Hydropower Co., Ltd. (NH1) and Namngiep 2C Hydropower Sole Co., Ltd. (NN2C)—with Électricité du Laos (EDL) as the primary customer. It also engages in trading crude palm oil for biodiesel and edible oil applications; consultation and property development through V Property Development Co., Ltd.; and manufacturing and distribution of precursor chemicals from hemp and cannabis via Alpha Biotech Co., Ltd.. Founded in 2003 and headquartered at Gaysorn Tower Building in Bangkok, Thailand, the company, formerly known as Ocean Commerce Public Company Limited, changed its name in January 2022 to reflect its restructured operations and listed on the Stock Exchange of Thailand in December 2013. Recent developments include continued emphasis on its core energy and financial segments as highlighted in its latest quarterly financial statements through September 2025, with ongoing operations in hydropower generation and expanded microfinance offerings in Laos.