1. Thailand Stocks

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    Electronic technology

  3. •

    Electronic equipment/Instruments
Forth Corp. Public Co. Ltd.

Forth Corp. Public Co. Ltd.

13.50
THB
-0.30
(-2.17%)
1.42EPS
14.15P/E
14.78BMarket Cap
Nov 16Next 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
4.37
4.46
5.23
5.48
7.24
8.14
6.8
7.26
9.1
10.08
10.15
9.37
11.78
12.18
Basic EPS, GAAP
0.25
0.35
0.48
0.38
0.28
0.55
0.35
0.47
0.77
0.83
0.61
0.24
0.88
1.12
Free Cash Flow per Basic Share
0.15
-0.16
0.49
0.25
0.07
0.31
1.59
1.06
0.43
-0.8
0.63
-0.18
1.12
0.81
Dividend per Share
0.23
0.3
0.3
0.34
0.34
0.5
0.42
0.42
0.35
0.45
0.62
0.37
- -
- -
Book Value per Share
1.52
1.82
2
2.04
1.97
1.76
1.58
1.38
1.82
2.24
2.23
2.08
2.96
3.19
Tangible Book Value per Share
1.49
1.79
1.96
1.98
1.89
1.63
1.45
1.26
1.7
2.12
2.13
1.98
2.84
3.07
Basic Weighted Avg Shares
1,023
960
960
960
960
960
958
935
935
935
935
935
935
934
Sales/Revenue/Turnover
4,471
4,277
5,022
5,262
6,950
7,815
6,519
6,792
8,513
9,431
9,492
8,767
11,014
11,374
Operating Margin (%)
8.59
10.38
14
11.09
8.12
10.34
7.86
8.14
9.69
10.8
11.91
4.82
9.24
9.45
Depreciation Expense
165
195
220
297
418
483
488
522
512
534
652
739
690
679
Net Income, GAAP
258
338
460
366
272
526
331
439
723
775
573
221
824
1,043
Effective Tax Rate (%)
15.56
10.41
14.23
9.03
9.82
14.07
13.5
13.26
17.65
18.41
17.44
25.89
22.88
20.82
Profit Margin (%)
5.78
7.9
9.16
6.95
3.91
6.73
5.08
6.46
8.49
8.22
6.03
2.52
7.48
9.17
Working Capital
700
907
626
260
-319
-655
-844
-827
100
-660
-846
-1,450
-747
-710
LT Debt
240
330
247
516
557
374
117
293
324
318
1,088
749
534
507
Total Equity
1,704
2,295
2,506
2,629
2,720
2,506
2,446
2,228
2,619
3,259
3,282
3,206
4,245
4,494
Return on Invested Capital (%)
7.8
9.37
12.97
10.73
26.43
24.36
11.62
13.61
16.36
15.92
12.41
7.26
13.98
14.69
Return on Capital (%)
8.07
8.48
8.6
4.66
1.7
5.47
2.43
5.65
10.77
8.86
6.35
1.75
7.79
9.03
Return on Common Equity (%)
16.76
20.45
25.06
18.87
14.1
29.4
20.76
31.35
48.26
40.81
27.38
10.98
34.96
40.83

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,424
4,769
5,452
LT Borrowings
431
431
424
LT Finance Leases
103
93
83
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
935
935
935
Market Capitalization
5,378
6,735
14,779

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,804
7,344
7,871
Cash, Cash Equivalents & STI
1,136
1,554
1,318
Accounts Receivable, Net
1,303
1,245
1,260
Inventories
1,927
2,069
2,169
Total Current Liabilities
7,551
7,814
8,581
Payables & Accruals
2,263
2,219
2,115
ST Debt
4,424
4,769
5,452
Deferred Revenue
396
382
551

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.2%
14.55%
32.41%
Free Cash Flow
-78.3%
-276.51%
-732.01%
Net Income, GAAP
29.96%
51.33%
272.21%
Sales/Revenue/Turnover
9.17%
10.95%
25.63%
Total Cash Common Dividend
- -
-18.12%
-100%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,012
2,484
2,254
2,017
8,767
2025
2,154
2,578
3,662
2,620
11,014
2026
2,440
2,651
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.11
0.02
0.02
0.24
2025
0.06
0.13
0.44
0.25
0.88
2026
0.18
0.25
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.18
- -
0.37
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Pongchai Amatanon
Full Time Employees
2,000
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
1053/1, Phaholyothin Road Bangkok BM Thailand 10400
IPO Date
Sep 15, 2006
Website
forth.co.th
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Business
Forth Corporation Public Company Limited Forth Corporation Public Company Limited engages in the manufacture, distribution, and provision of electronic equipment, enterprise solutions, and smart services primarily in Thailand. The company operates through three main business segments: electronic manufacturing services (EMS), which include printed circuit board assembly (PCBA), software installation, box-build assembly, new product introduction (NPI), product testing, surface mount technology (SMT), through-hole assembly, final assembly, and advanced testing capabilities such as X-ray, SPI, AOI, ICT, FCT, and burn-in chambers for markets like air-conditioners, kiosk machines, set-top boxes, car audios, data storage devices, and telecommunications equipment; enterprise solutions encompassing communication technology, network solutions, aviation systems, energy and utilities metering, and integrated network management systems; and smart services featuring automated vending machines for top-up, bill payments, robotic baristas, and electronic monitoring systems like Forth Tag Lock EM for home curfew applications. Founded in 1989 as Genius Communication System Co., Ltd. and listed on the Stock Exchange of Thailand in 2005, Forth Corporation Public Company Limited maintains its headquarters in Bangkok's Phayathai district, with key manufacturing facilities in Nakhon Pathom province at Phuttamonthon 5 Road, serving corporate and government clients across telecommunications, consumer electronics, and public sector industries domestically. Recent developments include the dissolution of a subsidiary in July 2025, short-term loans to connected persons and guarantees for subsidiary credit facilities in May 2025 and January 2025, increased shareholding in subsidiaries such as Forth EMS Co., Ltd., project contract signings for network systems and electronic monitoring rentals in 2024-2025, interim dividend payments, and ongoing organizational adjustments including sub-committee changes and management appointments as of early 2025.