Demco Public Co. Ltd.

Demco Public Co. Ltd.

3.58
THB
0.00
(0.00%)
0.07EPS
53.05P/E
2.67BMarket Cap
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
8.46
7.01
7.27
10.09
6.06
5.6
3.94
3.29
3.51
2.88
2.95
4.27
2.86
2.64
Basic EPS, GAAP
0.55
0.52
-0.69
-0.22
0.09
0.2
0.05
0.08
0.14
-0.18
-0.75
-0.09
0.02
0.07
Free Cash Flow per Basic Share
0.55
-0.4
-0.3
-1.27
0.3
-0.05
-0.65
0.27
-0.31
-0.53
0.28
-0.44
-0.06
0.22
Dividend per Share
0.23
0.22
0.26
- -
- -
- -
0.05
0.03
- -
0.03
- -
- -
- -
- -
Book Value per Share
4.52
4.83
4.27
4.05
4.14
4.35
4.34
6.33
5.95
5.59
4.91
4.87
4.8
4.84
Tangible Book Value per Share
4.52
4.82
4.11
3.49
3.06
3.3
3.31
5.3
4.93
4.58
4.71
4.46
4.4
4.45
Basic Weighted Avg Shares
649
693
726
730
730
730
730
730
730
730
730
696
751
752
Sales/Revenue/Turnover
5,487
4,856
5,278
7,367
4,427
4,088
2,877
2,404
2,560
2,100
2,156
2,976
2,144
1,988
Operating Margin (%)
4.89
4.64
-15
-5.15
0.31
0.24
-5.18
-1.51
-5.97
-9.79
-5.66
-2.38
1.57
0.09
Depreciation Expense
22
22
26
36
55
72
66
61
60
58
60
49
55
54
Net Income, GAAP
357
362
-502
-161
66
149
35
55
101
-128
-550
-63
13
50
Effective Tax Rate (%)
13.11
9.4
- -
- -
55.05
18.97
31.25
56.53
20.39
- -
- -
- -
- -
- -
Profit Margin (%)
6.51
7.46
-9.52
-2.18
1.48
3.63
1.22
2.3
3.94
-6.09
-25.51
-2.11
0.6
2.53
Working Capital
524
782
121
-310
-410
-245
-335
-486
-565
-649
-502
-648
-502
-464
LT Debt
10
50
230
452
410
335
327
210
58
59
133
112
103
98
Total Equity
3,135
3,342
3,134
2,982
3,045
3,191
3,171
4,619
4,345
4,082
3,588
3,655
3,606
3,649
Return on Invested Capital (%)
6.31
4.51
- -
- -
0.12
0.16
-1.27
0.45
0.25
- -
- -
- -
- -
- -
Return on Capital (%)
11.21
9.2
- -
- -
1.99
4.46
1.79
1.56
2.45
- -
- -
- -
- -
- -
Return on Common Equity (%)
14.69
11.17
-15.54
-5.29
2.19
4.79
1.1
1.42
2.25
-3.03
-14.34
-1.73
0.35
1.37

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,035
1,012
954
LT Borrowings
62
60
57
LT Finance Leases
41
45
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
751
754
754
Market Capitalization
2,103
1,643
2,668

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,535
1,526
1,639
Cash, Cash Equivalents & STI
55
27
27
Accounts Receivable, Net
722
658
711
Inventories
151
162
161
Total Current Liabilities
2,038
2,028
2,103
Payables & Accruals
615
653
761
ST Debt
1,035
1,012
954
Deferred Revenue
334
297
320

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.35%
-4.71%
-1.34%
Free Cash Flow
43.75%
-125.97%
-85.08%
Net Income, GAAP
-12.36%
-4.57%
-120.41%
Sales/Revenue/Turnover
-5.28%
0.25%
-27.94%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
491
743
799
944
2,976
2025
558
551
511
525
2,144
2026
406
546
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.01
0.09
-0.11
-0.09
2025
-0.04
0.03
0.02
- -
0.02
2026
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

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

Company Description

CEO
Nathapong Korom
Full Time Employees
417
Sector
Industrial services
Industry
Engineering & construction
Address
59 Moo 1, Tambol Suanphrikthai Pathumthani PT Thailand 12000
IPO Date
Dec 14, 2006
Business
Demco Public Company Limited engages principally in electric system construction and service works in the fields of electrical engineering and telecommunications in Thailand. The company operates through six primary segments: steel structure fabrication and sales for electric and telecommunication works; electricity generation and sales from solar power; electrical work services including design, construction, and management of electrical projects; engagement work services producing and installing fabricated steel structures and high-pressure vessels; other services including civil works and communications; and sales and service operations related to biomass power plants, encompassing operation, maintenance, and biomass fuel supply. Its product portfolio includes steel supporting structures, steel towers, assembled telecommunication equipment, communication equipment, electrical equipment, and construction materials. The company also invests in renewable energy generation projects and utility systems, including wind and solar roof projects. Founded in 1992, Demco is headquartered in Pathum Thani, Thailand. Recent corporate developments include significant revenue growth driven by increased sales of steel poles, electricity sales, and biomass fuel products, resulting from expanded investments in solar assets and service contract wins such as electric system construction projects with major clients like CHEC Company Limited. For the fiscal year 2024, Demco reported a 39.6% increase in total revenue to approximately 3.2 billion Thai Baht and a 41% year-over-year revenue growth in renewable energy and construction services. Notably, the company reversed asset impairment losses related to a subsidiary’s concession agreement, enhancing financial results. Operational expansions have focused on substation construction, underground power systems, transmission lines, and renewable energy capacity expansion. These strategic actions reflect Demco’s sustained focus on growth within electric engineering, renewable energy, and telecommunications infrastructure sectors in the Thai market. Demco’s key business segments and client base primarily span the industrial, utilities, telecommunications, and construction sectors in Thailand, with ongoing development in renewables and infrastructure construction reflecting its strategic business direction and market positioning. The company continues expanding its solar power generation capacity and services, integrating various components of electrical system supply and construction to maintain its market presence and competitive positioning.