1. Thailand Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
ASEFA Public Company Limited

ASEFA Public Company Limited

7.20
THB
-0.30
(-4.00%)
0.74EPS
7.82P/E
2.97BMarket Cap
ASEFA Public Company Limited
SET:ASEFA
(Stock Exchange of Thailand)

Recent

price

7.20

P/E

ratio

7.82

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
4.23
5.52
5.09
5.11
5.49
4.64
4.9
4.76
5.66
6.39
5.94
6.32
9.19
Revenue per Share
0.28
0.45
0.52
0.46
0.52
0.26
0.4
0.25
0.19
0.31
0.13
0.42
0.74
Basic EPS, GAAP
-0.13
-0.38
0.33
0.83
-0.17
0.8
0.16
0.27
-0.17
-0.2
0.62
0.8
0.37
Free Cash Flow per Basic Share
0.33
0.22
0.2
0.32
0.32
0.33
0.2
0.28
0.22
0.18
0.19
0.14
- -
Dividend per Share
1.11
2.28
2.6
2.74
2.93
2.86
3.05
3
2.95
3.01
3.6
3.84
3.93
Book Value per Share
1.11
2.28
2.59
2.71
2.91
2.84
3.02
2.98
2.93
2.95
3.53
3.63
3.73
Tangible Book Value per Share
400
462
550
550
550
550
549
546
546
537
530
523
520
Basic Weighted Avg Shares
1,693
2,550
2,800
2,808
3,021
2,551
2,689
2,599
3,091
3,433
3,149
3,306
4,781
Sales/Revenue/Turnover
9.95
10.99
12.76
11.39
11.65
6.74
9.54
6.53
4.31
6.31
3.11
9.08
10.46
Operating Margin (%)
40
44
45
52
53
51
49
45
41
43
44
77
107
Depreciation Expense
114
207
288
253
285
144
219
138
103
168
70
219
382
Net Income, GAAP
23.19
18.15
20.42
18.59
19.58
18.62
15.07
18.94
18.83
18.8
16.15
21.06
20.13
Effective Tax Rate (%)
6.71
8.11
10.3
9.02
9.44
5.63
8.13
5.32
3.34
4.9
2.24
6.63
8
Profit Margin (%)
131
606
699
745
853
800
909
787
836
670
359
266
451
Working Capital
175
97
61
9
- -
- -
1
6
4
4
53
148
309
LT Debt
612
1,256
1,421
1,500
1,602
1,554
1,642
1,612
1,584
1,579
1,879
2,016
2,061
Total Equity
- -
14.74
17.01
16.06
16.88
8.3
13.44
7.95
5.81
8.12
3.39
9.16
13.53
Return on Invested Capital (%)
- -
16.17
18.39
15.8
17.31
8.76
13.21
7.98
5.5
8.1
3.32
8.31
13.04
Return on Capital (%)
- -
22.13
21.44
17.24
18.26
9.01
13.51
8.39
6.36
10.46
4.01
11.27
19.55
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
815
720
1,065
LT Borrowings
129
223
266
LT Finance Leases
18
44
42
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
517
517
517
Market Capitalization
1,819
2,078
2,974

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,362
2,405
3,034
Cash, Cash Equivalents & STI
485
155
185
Accounts Receivable, Net
655
995
1,118
Inventories
852
774
912
Total Current Liabilities
2,096
1,960
2,583
Payables & Accruals
903
935
1,279
ST Debt
815
720
1,065
Deferred Revenue
361
282
204

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.06%
4.49%
7.31%
Free Cash Flow
-130.39%
-95.7%
26.87%
Net Income, GAAP
19.65%
30.84%
211.41%
Sales/Revenue/Turnover
3.09%
4.68%
4.99%
Total Cash Common Dividend
- -
-4.95%
-26.73%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
675
821
800
853
3,149
2025
714
599
1,004
990
3,306
2026
1,332
1,456
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.03
0.04
0.1
0.13
2025
0.08
0.04
0.16
0.13
0.42
2026
0.22
0.22
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.19
2025
- -
- -
- -
- -
0.14
2026
- -
- -
- -
- -
- -
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Business
Asefa Public Company Limited manufactures and distributes electrical power distribution products, switchboards, trunking systems, lighting solutions, automation controls, and energy management systems in Thailand. The company offers modular and type-tested switchboards, busway systems, EV chargers, cable ladders and trunking, luminaires, metal sheet fabrication, and prefabricated mobile units under the ASEFA brand; it also sources and supplies transformers, circuit breakers, switchgears, photovoltaic solar equipment, uninterruptible power supplies, relays, motors, air conditioners, motor pumps, fixtures, controllers, and related electrical accessories. In addition, Asefa provides integrated engineering services including underground and overhead power distribution, high-voltage and medium-voltage substations, pumping stations, microgrids, smart grids, EV charging stations, energy storage systems, data centers, mechanical-electrical-plumbing systems, building and industrial automation, power quality improvement, lighting control and management, and power monitoring; after-sales services encompass preventive and corrective maintenance, spare parts management, modifications, upgrades, online monitoring, and power plant decommissioning. Founded in 1997 and headquartered at 5 Moo 1, Rama II Road, Khok Krabue, Muang Samut Sakhon, Samut Sakhon 74000, Thailand, the company operates primarily in the industrial materials and machinery sector, serving infrastructure, industrial, commercial buildings, residential, healthcare, data centers, telecommunications, and power generation customers through its manufacturing, trading, services, maintenance, installation, and decommissioning segments; subsidiaries include Varitek Co., Ltd. and ASEFA Power Solutions Co., Ltd. In recent developments, Asefa announced the acquisition of 180,000 shares, representing an 18% stake, in U-Services (Thailand) Company Limited for 46.8 million baht from Suchart Bandithsuwan, marking a strategic expansion into related services as of mid-2025.