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Bangkok Commercial Asset Management Public Co., Ltd.

Bangkok Commercial Asset Management Public Co., Ltd.

6.30
THB
0.00
(0.00%)
0.24EPS
27.72P/E
21.17BMarket Cap
Nov 05Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.27
2.08
2.37
3.33
3.21
3.17
3.1
2.98
3.33
3.12
2.89
Basic EPS, GAAP
1.79
1.65
1.9
3.88
0.57
0.8
0.84
0.47
0.5
0.56
0.24
Free Cash Flow per Basic Share
1.2
1.36
2.96
-0.47
-0.02
1.6
0.25
-1.9
0.42
2.48
0.93
Dividend per Share
1.41
1.45
1.61
5.86
1.05
0.51
0.55
0.54
0.38
0.35
- -
Book Value per Share
14.82
15.01
15.3
13.66
12.93
13.23
13.52
13.5
13.68
13.9
13.49
Tangible Book Value per Share
14.81
15.01
15.3
13.66
12.93
13.2
13.48
13.44
13.62
13.83
13.43
Basic Weighted Avg Shares
2,735
2,735
2,735
2,750
3,223
3,232
3,244
3,265
3,203
3,236
3,183
Sales/Revenue/Turnover
6,199
5,686
6,485
9,170
10,340
10,249
10,068
9,743
10,680
10,107
9,200
Operating Margin (%)
52.06
47.55
48.79
52.81
17.87
23.12
30.22
22.91
24.55
17.77
19.21
Depreciation Expense
150
148
141
138
144
142
135
143
162
162
148
Net Income, GAAP
4,904
4,501
5,202
10,679
1,841
2,600
2,725
1,534
1,602
1,812
752
Effective Tax Rate (%)
0.25
0.18
0.14
- -
16.17
20.14
15.03
16.76
17.79
19.95
13.6
Profit Margin (%)
79.11
79.16
80.22
116.46
17.8
25.37
27.06
15.75
15
17.93
8.18
Working Capital
66,986
60,845
99,745
112,324
101,765
99,855
106,822
104,542
103,241
99,405
97,553
LT Debt
25,704
19,934
57,709
75,688
65,268
62,616
69,013
67,102
65,810
61,328
61,241
Total Equity
40,523
41,059
41,849
41,196
41,797
42,756
43,708
43,629
44,225
44,914
43,599
Return on Invested Capital (%)
- -
4
2.83
- -
1.26
1.48
2.01
1.41
1.53
0.92
0.99
Return on Capital (%)
- -
5.94
5.53
- -
2.63
3.37
3.74
2.8
2.75
2.8
2.04
Return on Common Equity (%)
- -
11.03
12.55
25.72
4.44
6.15
6.3
3.51
3.65
4.07
1.71

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
26,756
25,855
27,917
LT Borrowings
61,320
59,844
61,230
LT Finance Leases
8
7
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,232
3,232
3,232
Market Capitalization
25,856
22,948
21,170

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
127,848
124,853
126,556
Cash, Cash Equivalents & STI
2,809
1,367
1,551
Accounts Receivable, Net
24,047
24,661
25,198
Inventories
- -
- -
- -
Total Current Liabilities
28,443
27,373
29,004
Payables & Accruals
1,664
1,489
1,033
ST Debt
26,756
25,855
27,917
Deferred Revenue
23
29
54

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.45%
1.56%
Free Cash Flow
- -
-2,011.08%
501.87%
Net Income, GAAP
- -
3.98%
13.15%
Sales/Revenue/Turnover
- -
-0.32%
-5.36%
Total Cash Common Dividend
- -
- -
-7.9%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,629
2,667
2,689
2,694
10,680
2025
2,568
2,260
2,733
2,546
10,107
2026
2,006
1,915
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.14
0.06
0.16
0.5
2025
0.07
0.4
0.06
0.04
0.56
2026
0.07
0.07
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.38
2025
- -
- -
- -
- -
0.35
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Rak Vorrakitpokatorn
Full Time Employees
1,294
Sector
Finance
Industry
Investment managers
Address
99, Surasak Road Bangkok BM Thailand 10500
IPO Date
Dec 16, 2019
Website
bam.co.th
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Business
Bangkok Commercial Asset Management Public Company Limited (BAM.BK) operates as Thailand's largest asset management company, specializing in the acquisition and management of non-performing loans (NPLs) and non-performing assets (NPAs); it purchases NPLs primarily collateralized by real estate from banks and other financial institutions, managing them through debt restructuring negotiations to achieve optimal solutions for debtors and stakeholders; BAM acquires NPAs via debtor transfers, foreclosures, or direct purchases, followed by renovations and value enhancements prior to sales; additional services include debt collection as an agent, property management support, and investments in securities. Founded in 1998 as a state enterprise under the Financial Institution Development Fund to resolve the Bangkok Bank of Commerce crisis, the company is headquartered at 99 Surasak Road, Silom, Bang Rak, Bangkok, Thailand, with nationwide operations through over 20 branches across regions including Bangkok Metropolitan, Central, North, Northeast, East, and South. BAM serves financial institutions, debtors, and investors in the Thai market, focusing on real estate-backed assets to recirculate them into the economy; as of June 30, 2025, it has assisted 163,245 debtors with principal balances totaling 504,833 million baht and sold 56,507 properties valued at 133,529 million baht. Recent developments include a June 2025 strategic partnership with SA Group, a leading Thai real estate firm, for comprehensive NPL-NPA management to enhance asset value; another alliance in June 2025 with V Beyond under the NPA Partnership strategy emphasizing rapid turnover and profit-sharing; strong first-half 2025 performance with collections from large debtor restructurings of 2,800 million baht and major NPA sales of 1,450 million baht; and sustained ESG recognition, including the ESG100 award for the third year and SET Awards 2025 for sustainability excellence.