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BEC World Public Co., Ltd.

BEC World Public Co., Ltd.

1.83
THB
-0.02
(-1.08%)
0.08EPS
25.84P/E
4.08BMarket Cap
Nov 06Next Earn
BEC World Public Co., Ltd.
SET:BEC
(Stock Exchange of Thailand)

Recent

price

1.83

P/E

ratio

25.84

div

yld

2.19%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
5.86
6.4
7.44
8.21
8.08
7.92
6.13
5.52
5.06
4.16
2.93
2.84
2.56
2.33
2.13
1.99
1.84
Revenue per Share
1.65
1.77
2.39
2.79
2.17
1.49
0.61
0.03
-0.17
-0.2
-0.11
0.38
0.3
0.11
0.05
0.1
0.08
Basic EPS, GAAP
1.89
1.95
2.26
2.4
1.27
0.55
0.04
-0.24
0.35
-0.29
0.26
1.08
0.4
0.11
0.37
0.59
0.5
Free Cash Flow per Basic Share
1.5
1.8
2
2.45
2.4
1.7
1.15
0.25
- -
- -
- -
- -
0.25
0.16
0.1
0.08
0.04
Dividend per Share
3.81
3.63
4.04
4.41
4.28
3.98
3.45
3.2
3.04
2.81
2.7
3.1
3.12
3.07
3.04
3.07
3.02
Book Value per Share
3.79
2.97
3.38
3.68
0.45
-0.14
-0.52
-0.63
-0.39
0.81
0.87
1.5
1.51
1.4
1.67
2.18
2.31
Tangible Book Value per Share
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
Basic Weighted Avg Shares
11,714
12,804
14,886
16,429
16,167
15,845
12,266
11,035
10,126
8,310
5,861
5,680
5,115
4,653
4,251
3,980
3,671
Sales/Revenue/Turnover
40.17
40.06
42.09
42.6
34.23
24.71
13.06
1.74
-2.46
-5.2
-1.95
19.88
15.24
7.35
4.67
6.02
5.73
Operating Margin (%)
1,757
1,903
2,069
2,168
2,756
3,199
3,249
3,652
3,612
3,019
2,149
2,050
1,914
1,704
1,497
1,352
1,204
Depreciation Expense
3,303
3,530
4,777
5,589
4,337
2,983
1,218
61
-330
-397
-214
762
607
210
96
206
158
Net Income, GAAP
29.81
30.89
23.28
20.11
20.07
20.32
21.33
60.41
- -
- -
- -
23.27
16.51
39.31
51.92
25.47
38.31
Effective Tax Rate (%)
28.2
27.57
32.09
34.02
26.83
18.82
9.93
0.55
-3.26
-4.78
-3.66
13.41
11.87
4.51
2.26
5.17
4.3
Profit Margin (%)
4,541
4,178
5,019
5,024
1,653
-211
-1,948
784
1,927
2,691
3,071
1,873
3,940
3,899
3,101
4,196
3,723
Working Capital
- -
- -
3
3
2
5
9
3,002
2,998
2,998
3,020
- -
2,283
2,230
920
1,047
261
LT Debt
7,816
7,430
8,307
9,115
8,856
8,188
7,110
6,546
6,236
5,718
5,409
6,193
6,241
6,147
6,072
6,137
6,033
Total Equity
40.45
42.77
58.05
59.42
45.95
34.66
14.88
0.78
- -
- -
- -
9.8
7.34
2.44
0.98
2.31
1.82
Return on Invested Capital (%)
41.97
44.9
58.64
61.53
47.33
35.37
14.91
1.72
- -
- -
- -
9.43
7.87
3.23
1.75
3.37
2.7
Return on Capital (%)
44.61
47.43
62.26
66.11
49.87
36.11
16.41
0.92
-5.29
-6.78
-3.88
13.13
9.76
3.39
1.58
3.37
2.61
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
63
64
819
LT Borrowings
754
754
- -
LT Finance Leases
293
277
261
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,000
2,000
2,000
Market Capitalization
3,780
3,860
4,080

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,847
5,035
5,174
Cash, Cash Equivalents & STI
4,253
4,571
4,592
Accounts Receivable, Net
338
304
410
Inventories
3
2
4
Total Current Liabilities
651
641
1,451
Payables & Accruals
412
355
350
ST Debt
63
64
819
Deferred Revenue
124
171
225

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.59%
2.72%
1.07%
Free Cash Flow
-92.05%
93.75%
58.16%
Net Income, GAAP
-130.27%
-96.33%
113.71%
Sales/Revenue/Turnover
-12.54%
-7.42%
-6.39%
Total Cash Common Dividend
- -
- -
-20%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
984
1,110
1,068
1,089
4,251
2025
994
1,031
984
970
3,980
2026
839
877
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.04
0.02
-0.02
0.05
2025
0.02
0.01
0.02
0.05
0.1
2026
0.02
-0.01
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.04
- -
0.1
2025
- -
- -
0.04
- -
0.08
2026
- -
- -
- -
- -
- -
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Business
BEC World Public Company Limited (BEC.BK) is Thailand's leading content and entertainment platform operator, primarily managing television Channel 3 through subsidiary Bangkok Entertainment Co., Ltd., under a concession with MCOT Public Company Limited; producing and broadcasting dramas, series, news programs, variety shows, and over 1,000 hours of annual Thai content via digital channels including high-definition Channel 33; distributing content globally through its Global Content Licensing division targeting China, ASEAN, Japan, South Korea, and Africa; operating the 3Plus digital streaming platform with live TV, reruns, movies, sports, exclusive series, and premium subscription services; managing music via BEC Music label featuring artists like Natapohn Tameeruks, Maylada Susri, and girl group Blyss; producing films in collaboration with M Pictures Entertainment including box-office hit Teeyod 2 exceeding 800 million baht in 2024; providing supporting services such as studio rentals via BEC Studio, news production through BEC News Agency, IT solutions, property management, and events/artist management leveraging Channel 3 celebrities; and holding stakes in entities like Wave Entertainment for home entertainment distribution. Founded in 1967 as Bangkok Entertainment Co., Ltd. and listed on the Stock Exchange of Thailand in 1995 with headquarters at Maleenont Tower, 3199 Rama IV Road, Klongtoey, Bangkok, the company serves domestic Thai audiences and international markets across Asia, Latin America, the Middle East, and Africa while undergoing organizational restructuring since the 2010s, including returning digital TV licenses for Channels 13 and 28 in 2019, launching BEC Studio with a 400 million baht investment in 2022 for advanced production capabilities, entering music and movie businesses in 2022, initiating events and artist management in 2024, and recently disposing of its investment in BEC International Distribution Co., Ltd. in December 2024 alongside short-term property lease transactions and director changes.