B.Grimm Power Public Company Ltd

B.Grimm Power Public Company Ltd

19.00
THB
-0.30
(-1.55%)
1.50EPS
18.37P/E
44.32BMarket 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
7.28
10.47
12.63
14.63
14.22
14.03
16.93
16.91
17.89
23.93
21.91
21.43
21.25
20.89
Basic EPS, GAAP
-0.01
0.12
0.02
0.73
0.96
0.71
0.89
0.83
0.87
-0.48
0.72
0.6
0.64
0.93
Free Cash Flow per Basic Share
-2.37
-2.6
-3.47
-3.06
-0.15
0.35
2.26
-3.35
-0.23
-1.3
2.55
1.2
5.62
3.75
Dividend per Share
- -
0.3
0.71
0.23
0.05
0.45
0.32
0.37
0.45
0.3
0.22
0.36
0.43
0.41
Book Value per Share
1.63
1.75
1.45
3.12
7.16
7.39
10.8
10.54
11.31
11.41
14.63
13.84
12.83
13.35
Tangible Book Value per Share
0.7
0.18
-1.24
-0.37
4.39
3.51
6.61
5.57
6.09
6.28
9.64
8.99
8.07
8.6
Basic Weighted Avg Shares
1,896
1,896
1,896
1,896
2,214
2,607
2,607
2,607
2,607
2,607
2,607
2,607
2,607
2,607
Sales/Revenue/Turnover
13,804
19,854
23,943
27,747
31,482
36,585
44,132
44,087
46,628
62,395
57,115
55,853
55,388
54,462
Operating Margin (%)
9.4
10.99
11.68
16.53
17.4
14.88
14.31
16.33
15.06
4.93
13.84
14.41
13.51
13.86
Depreciation Expense
1,007
1,402
1,876
2,475
2,758
3,341
4,660
5,494
5,139
4,987
5,324
5,658
5,676
5,700
Net Income, GAAP
-13
230
36
1,380
2,127
1,863
2,331
2,175
2,276
-1,244
1,889
1,557
1,675
2,412
Effective Tax Rate (%)
- -
3.13
- -
8.86
6.13
5.62
5.58
5.84
8.03
- -
7.1
11.11
18.17
12.79
Profit Margin (%)
-0.09
1.16
0.15
4.97
6.76
5.09
5.28
4.93
4.88
-1.99
3.31
2.79
3.03
4.43
Working Capital
6,520
5,266
4,464
9,539
16,390
15,633
7,661
2,886
28,335
29,180
36,244
14,912
17,304
6,830
LT Debt
18,792
27,590
47,165
56,572
53,232
59,730
55,596
59,222
90,347
105,081
103,240
94,707
106,273
106,926
Total Equity
11,193
11,069
7,090
11,534
25,744
27,739
38,677
39,304
40,816
42,174
52,715
51,672
49,360
50,047
Return on Invested Capital (%)
- -
5.66
- -
6.61
6.71
6.19
6.28
6.16
5.02
- -
4.79
4.35
3.71
3.9
Return on Capital (%)
- -
1.48
- -
4.65
4.29
3.88
3.59
3.06
3.17
- -
2.74
2.53
2.3
3.13
Return on Common Equity (%)
- -
7.2
1.2
31.93
17.32
9.83
9.84
7.82
7.99
-4.2
5.57
4.2
4.82
6.92

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,407
18,352
24,349
LT Borrowings
104,098
105,300
104,728
LT Finance Leases
2,175
2,162
2,199
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,607
2,607
2,607
Market Capitalization
36,757
31,022
44,317

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
41,220
38,275
42,912
Cash, Cash Equivalents & STI
24,172
20,443
20,928
Accounts Receivable, Net
5,574
5,544
6,914
Inventories
1,120
1,156
2,178
Total Current Liabilities
23,915
27,898
36,081
Payables & Accruals
9,101
9,125
11,280
ST Debt
14,407
18,352
24,349
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.04%
5.14%
-4.47%
Free Cash Flow
20.54%
76.72%
370.18%
Net Income, GAAP
335.46%
-82.37%
7.62%
Sales/Revenue/Turnover
9.42%
5.61%
-0.83%
Total Cash Common Dividend
76.33%
9.37%
19.44%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,165
13,651
14,679
13,358
55,853
2025
13,705
15,068
13,351
13,263
55,388
2026
12,726
15,123
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.09
0.06
0.3
0.6
2025
0.25
- -
0.2
0.19
0.64
2026
0.28
0.26
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.18
0.18
- -
0.36
2025
- -
0.25
0.18
- -
0.43
2026
- -
0.23
- -
- -
- -

Company Description

CEO
Siriwong Borvornboonrutai
Full Time Employees
1,161
Sector
Utilities
Industry
Electric utilities
Address
Dr. Gerhard Link Building Bangkok BM Thailand 10240
IPO Date
Jul 19, 2017
Business
B.Grimm Power Public Company Limited (BGRIM.BK) is a Thailand-based power producer engaged in the development, financing, construction, and operation of greenfield power plants, generating and distributing electricity through co-generation gas-fired and steam plants, solar farms, hydropower plants, offshore wind farms, hybrid systems, waste-to-energy facilities, and battery energy storage; it also provides maintenance and operating services for power plants, electricity distribution to over 400 industrial users via its own networks, liquefied natural gas procurement and wholesale, intelligent energy management systems, and renewable energy certificates. The company operates in two main segments, Electricity Generating and Other Businesses, with a total generating capacity of 4,071 MW across 63 projects in nine countries including Thailand, the United States, South Korea, the Philippines, UAE, Saudi Arabia, Bahrain, Australia, Italy, and Bhutan, targeting 10,000 MW by 2030 and net-zero emissions by 2050 under its Green Leap strategy focused on industrial solutions, independent power production, and sustainable fuels. Founded in 1878 and headquartered at 5 Krungthepkreetha Road, Huamark, Bangkapi, Bangkok, Thailand, it serves government sectors and industrial customers as one of Thailand's largest private power producers. Recent developments include the May 2024 acquisition of the 30 MW Malacha hydropower plant in California, USA, for US$69.48 million; expansion of its renewable portfolio by 1,345 MW of committed capacity in 2024 encompassing 740 MW offshore wind in South Korea, 33.7 MW solar rooftops in the Middle East, 29.9 MW hydropower in the US, a 65 MW solar plant in the Philippines, and 476.3 MW renewables in Thailand; a June 2025 20-year power purchase agreement with PTT Global Chemical for an 8 MW solar rooftop project; a memorandum of understanding with Druk Green Power Corporation for hydropower and solar in Bhutan; strategic partnerships with SCG Chemicals for CHILLOX cooling solutions, GC Estate for a 60 MW substation network in Rayong codding mid-2026, Greenergy, Sino-Thai Engineering & Construction, INNIO for Jenbacher engine-based plants, and Digital Edge for Thailand's first EEC data center; launch of Thailand's first solar panel testing equipment; and investments in Nemaroo Bimbi Wind Farm in Australia and LT09 in Italy.