BCPG Public Company Limited

BCPG Public Company Limited

6.75
THB
+0.05
(+0.75%)
0.32EPS
22.16P/E
21.12BMarket Cap
Nov 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.72
1.33
1.49
1.53
1.64
1.63
1.69
2
1.73
1.87
1.72
1.44
1.19
1.21
Basic EPS, GAAP
0.44
0.92
0.09
0.76
0.87
1.09
0.89
0.9
0.74
0.91
0.38
0.61
0.29
0.32
Free Cash Flow per Basic Share
- -
-0.61
1.4
-0.63
0.71
0.48
0.4
0.92
-0.34
0.39
0.88
0.37
0.59
0.34
Dividend per Share
- -
0.89
- -
0.38
0.74
0.63
0.63
0.3
0.29
0.37
0.26
0.25
0.28
0.42
Book Value per Share
- -
- -
1.95
6.7
6.99
7.48
7.65
8.51
9.38
10.05
9.87
10.25
9.4
9.67
Tangible Book Value per Share
- -
- -
1.94
5.7
6.06
6.61
4.2
4.23
5.3
6.13
5.41
6.42
5.95
6.18
Basic Weighted Avg Shares
2,030
2,030
2,028
2,017
2,031
2,036
2,025
2,115
2,706
2,897
2,926
2,996
2,996
2,996
Sales/Revenue/Turnover
1,463
2,692
3,024
3,084
3,322
3,320
3,427
4,231
4,669
5,405
5,031
4,323
3,555
3,629
Operating Margin (%)
74.99
78.36
77.87
55.27
55.88
56.37
55.57
53.73
52.02
48.15
38.74
36.5
25.16
15.8
Depreciation Expense
- -
430
478
602
702
693
690
1,078
1,180
1,504
1,808
1,764
1,524
1,527
Net Income, GAAP
887
1,861
189
1,541
1,774
2,219
1,801
1,912
2,011
2,630
1,104
1,819
855
953
Effective Tax Rate (%)
- -
0.24
0.53
- -
0.32
4.54
- -
1.67
3.09
17.98
23.3
19.22
40.74
40.83
Profit Margin (%)
60.66
69.11
6.24
49.98
53.4
66.84
52.57
45.2
43.07
48.66
21.94
42.09
24.07
26.26
Working Capital
1,469
1,029
629
6,652
1,043
1,221
-2,534
8,447
9,255
19,416
523
6,574
2,299
-5,475
LT Debt
4,805
6,879
6,939
8,956
15,613
14,047
16,026
23,590
25,980
22,658
31,378
27,114
22,933
16,554
Total Equity
- -
- -
3,930
13,517
14,127
15,142
15,555
22,549
27,228
29,276
29,612
30,926
28,424
29,212
Return on Invested Capital (%)
- -
- -
- -
- -
6.91
8.21
- -
5.8
4.39
6.43
2.96
3.7
0.13
0.02
Return on Capital (%)
- -
- -
- -
- -
7.91
8.64
- -
6.26
5.18
5.92
3.24
4.59
2.66
2.79
Return on Common Equity (%)
- -
- -
- -
17.67
12.84
15.16
11.76
10.07
8.1
9.33
3.76
6.04
2.91
3.23

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,152
3,233
7,657
LT Borrowings
21,387
19,592
14,910
LT Finance Leases
1,546
1,574
1,644
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,996
2,996
2,996
Market Capitalization
20,221
20,072
21,120

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,687
4,577
3,547
Cash, Cash Equivalents & STI
4,446
2,713
1,419
Accounts Receivable, Net
682
506
539
Inventories
305
26
56
Total Current Liabilities
5,388
4,513
9,023
Payables & Accruals
1,156
1,190
1,193
ST Debt
4,152
3,233
7,657
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.91%
5.15%
-8.09%
Free Cash Flow
-50.69%
-47.4%
59.54%
Net Income, GAAP
73.37%
-2.05%
-52.98%
Sales/Revenue/Turnover
2.37%
-2.53%
-17.77%
Total Cash Common Dividend
- -
8.13%
12%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,194
1,084
1,125
921
4,323
2025
731
780
- -
944
3,555
2026
1,099
807
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.42
-0.01
0.05
0.61
2025
0.05
-0.22
- -
0.24
0.29
2026
0.24
0.05
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.15
0.1
- -
0.25
2025
- -
0.18
- -
- -
0.28
2026
- -
0.24
- -
- -
- -

Company Description

CEO
Rawee Boonsinsukh
Full Time Employees
218
Sector
Utilities
Industry
Alternative power generation
Address
2098 M Tower Building Bangkok BM Thailand 10260
IPO Date
Sep 28, 2016
Business
BCPG Public Company Limited (BCPG.BK) develops, invests in, and operates renewable energy power plants across Asia-Pacific, focusing on solar power, wind power, hydropower, and natural gas-fired generation; it also provides energy infrastructure services including transmission lines, oil storage, and seaports, alongside smart energy solutions such as blockchain-based peer-to-peer trading, energy management systems, district cooling, battery storage, and decarbonization offerings. The company maintains operating capacities of 748.5 MW in solar power, 318.7 MW in wind power, 114.0 MW in hydropower, and 857 MW in natural gas, with a total contracted operating portfolio of 1,457.2 MW and 570.5 MW under development across Thailand, Taiwan, Laos, Vietnam, the Philippines, and the United States. Incorporated in 2015 and headquartered at 2098 M Tower, 12th Floor, Sukhumvit Road, Bangkok, Thailand, BCPG operates as a subsidiary of Bangchak Corporation Public Company Limited, serving electric utilities, private firms, and government entities in the clean energy sector. Recent developments include the July 2025 acquisition of Scan Advance Power Company Limited for THB 211.6 million, adding 17.5 MW of solar rooftop capacity under private PPA schemes in Thailand; the commercial operation start of the 600-MW Monsoon Wind Power Project in Laos exporting to Vietnam; and an ongoing acquisition of a 99-MW wind farm in Vietnam expected to close in 2025. In November 2025, BCPG unveiled its 2026 strategy "The Next Decade: Broadening Horizons of Sustainability," targeting 100% growth by 2028 through expansion into comprehensive sustainable infrastructure, supported by Q3/2025 net profit growth exceeding 57% year-over-year.