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Bangkok Expressway and Metro Public Company Limited

Bangkok Expressway and Metro Public Company Limited

6.10
THB
-0.25
(-3.94%)
0.26EPS
24.22P/E
92.86BMarket Cap
Nov 18Next 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
0.29
4.16
1.83
0.86
0.99
1.03
1.07
0.85
0.74
0.92
1.08
1.13
1.12
1.14
Basic EPS, GAAP
-0.09
1.02
0.41
0.17
0.2
0.35
0.36
0.13
0.07
0.16
0.23
0.25
0.25
0.26
Free Cash Flow per Basic Share
-0.4
1.87
0.62
0.21
-0.06
-0.13
0.06
0.14
0.12
0.34
0.38
-0.76
-1.37
-1.67
Dividend per Share
- -
0.48
0.3
0.12
0.12
0.13
0.15
0.09
0.11
0.08
0.12
0.14
0.15
0.15
Book Value per Share
2.86
3.02
4.52
1.94
2.03
2.32
2.54
2.49
2.47
2.44
2.46
2.44
2.47
2.48
Tangible Book Value per Share
-2.37
-1.85
-1.54
-2
-2.28
-2.37
-2.39
-2.56
-2.64
-2.65
-2.57
-3.12
-3.63
-3.68
Basic Weighted Avg Shares
8,620
2,703
6,427
15,285
15,285
15,192
15,097
15,778
14,430
15,226
15,125
15,072
15,123
14,858
Sales/Revenue/Turnover
2,528
11,234
11,738
13,104
15,153
15,614
16,107
13,489
10,727
14,029
16,374
17,004
16,916
16,925
Operating Margin (%)
18.74
33.42
30.06
31.48
31.69
28.67
27.69
27.55
24.03
37.03
40.22
41.22
40.59
40.18
Depreciation Expense
371
3,144
3,271
3,423
3,545
3,867
4,026
1,858
1,129
1,589
1,968
2,099
2,319
2,391
Net Income, GAAP
-767
2,745
2,650
2,606
3,123
5,317
5,435
2,051
1,010
2,436
3,479
3,768
3,781
3,803
Effective Tax Rate (%)
- -
19.99
21.07
17.73
18.12
18.22
24.35
15.67
11.7
14.03
17.48
17.75
17.61
17.67
Profit Margin (%)
-30.36
24.43
22.57
19.89
20.61
34.05
33.74
15.21
9.42
17.36
21.24
22.16
22.35
22.47
Working Capital
-3,094
-4,612
-21,445
-338
-5,303
-10,390
-6,981
-8,690
-6,105
-6,526
-10,319
-13,932
-17,677
-10,972
LT Debt
26,462
28,474
17,329
40,120
53,972
51,544
57,416
57,769
62,759
60,872
55,121
72,377
75,864
97,362
Total Equity
24,714
26,209
29,130
29,783
31,179
35,612
38,823
38,034
37,699
37,264
37,664
36,560
37,003
37,159
Return on Invested Capital (%)
- -
5.23
4.31
4.65
4.64
3.83
6.51
3.61
2.72
4.11
5.08
5.01
4.14
3.76
Return on Capital (%)
- -
6.69
6.41
5.18
5.23
7.15
6.58
3.59
2.7
4.1
5.06
5
4.13
3.75
Return on Common Equity (%)
-6.01
10.83
9.62
8.87
10.28
15.98
14.63
5.34
2.67
6.5
9.29
10.15
10.28
10.58

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
36,565
33,829
29,910
LT Borrowings
75,791
88,709
97,294
LT Finance Leases
73
82
68
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14,978
14,978
14,978
Market Capitalization
80,132
78,634
92,863

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
24,656
26,564
23,370
Cash, Cash Equivalents & STI
2,327
4,521
1,848
Accounts Receivable, Net
597
777
594
Inventories
- -
- -
- -
Total Current Liabilities
42,334
38,872
34,342
Payables & Accruals
5,038
4,408
3,934
ST Debt
36,565
33,829
29,910
Deferred Revenue
233
227
182

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.55%
-0.53%
1.21%
Free Cash Flow
-2.87%
-5.18%
80.23%
Net Income, GAAP
17.03%
28.38%
0.34%
Sales/Revenue/Turnover
4.76%
6.07%
-0.52%
Total Cash Common Dividend
- -
12.55%
5.13%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,249
4,023
4,365
4,366
17,004
2025
4,259
3,997
4,319
4,342
16,916
2026
4,283
3,982
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.07
0.07
0.06
0.25
2025
0.06
0.07
0.07
0.06
0.25
2026
0.06
0.07
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.15
- -
- -
0.14
2025
- -
0.16
- -
- -
0.15
2026
- -
0.16
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Sombat Kitjalaksana
Full Time Employees
4,207
Sector
Transportation
Industry
Other transportation
Address
587 Sutthisarn Road Bangkok BM Thailand 10400
IPO Date
Jan 5, 2016
Website
bemplc.co.th
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Business
Bangkok Expressway and Metro Public Company Limited (BEM) operates expressways and mass rapid transit systems in Thailand. The company manages the MRT Blue Line (Chaloem Ratchamongkhon Line) and MRT Purple Line under 25-year concession agreements with the Mass Rapid Transit Authority of Thailand; it also operates the Si Rat Expressway, Si Rat-Outer Ring Road Expressway, and Udon Ratthaya Expressway; in addition, BEM provides commercial development services including retail space rental, advertising media, and telecommunication services within metro stations and on expressways. Formed in 2015 through the merger of Bangkok Expressway Public Company Limited and Bangkok Metro Public Company Limited, BEM is headquartered at 587 Sutthisanvinitchai Road, Din Daeng, Bangkok, and focuses primarily on Bangkok and surrounding suburban areas. Recent developments include shareholder approval on October 31, 2024, for procuring additional rolling stock and system improvements for the MRT Blue Line valued at THB 6.8 billion to support rising ridership; the company anticipates progress on the MRT Orange Line project with a Notice to Proceed expected and a THB 120 billion contract for construction and trains; furthermore, BEM projects revenue growth to THB 17.6 billion for fiscal year 2024 and nearly THB 20 billion by 2026, driven by ridership increases and potential concession extensions.