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Forth Smart Service Public Company Limited

Forth Smart Service Public Company Limited

6.45
THB
-0.10
(-1.53%)
0.73EPS
9.74P/E
5.38BMarket Cap
Nov 18Next Earn
Forth Smart Service Public Company Limited
SET:FSMART.R
(Stock Exchange of Thailand)

Recent

price

6.45

P/E

ratio

9.74

div

yld

2.82%

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
- -
1
1.71
1.98
2.87
3.96
4.25
4.04
3.76
3.55
2.94
2.71
2.89
2.89
2.76
Revenue per Share
- -
0.12
0.24
0.34
0.53
0.68
0.74
0.75
0.61
0.53
0.4
0.4
0.57
0.78
0.73
Basic EPS, GAAP
- -
-0.1
0.01
-0.04
-0.59
-0.05
1.18
1.02
1.26
1.2
0.59
0.59
-0.4
0.42
0.49
Free Cash Flow per Basic Share
- -
- -
- -
0.33
0.32
0.5
0.6
0.64
0.64
0.56
0.4
0.34
0.41
0.18
0.18
Dividend per Share
0.31
0.46
1.26
1.27
1.48
1.66
1.6
1.71
1.49
1.5
1.5
1.56
1.71
2.31
2.47
Book Value per Share
0.31
0.46
1.26
1.26
1.44
1.6
1.52
1.63
1.4
1.41
1.41
1.48
1.64
2.21
2.37
Tangible Book Value per Share
222
800
646
800
800
800
788
780
760
753
753
749
755
752
746
Basic Weighted Avg Shares
- -
803
1,104
1,588
2,294
3,166
3,350
3,148
2,861
2,670
2,213
2,026
2,181
2,174
2,056
Sales/Revenue/Turnover
- -
13.06
13.93
16.19
16.4
14.72
13.95
13.69
18.6
18.36
3.51
4.07
18.35
10.73
8.89
Operating Margin (%)
- -
107
142
208
319
459
547
532
537
518
480
413
308
202
164
Depreciation Expense
- -
94
153
272
420
543
583
584
464
400
302
299
430
587
548
Net Income, GAAP
- -
21
20.62
20.14
12.29
10.9
11.74
11.75
9.6
17.15
18.6
17.33
20.96
19.23
19.56
Effective Tax Rate (%)
- -
11.76
13.9
17.12
18.33
17.15
17.41
18.56
16.22
14.98
13.64
14.78
19.74
26.99
26.64
Profit Margin (%)
-315
-268
199
-497
-692
-1,144
-1,022
-772
-586
-286
-284
-46
-149
232
164
Working Capital
- -
80
72
- -
305
430
204
1
138
122
106
97
77
238
68
LT Debt
249
369
1,010
1,018
1,183
1,334
1,252
1,336
1,149
1,127
1,128
1,171
1,291
1,743
1,863
Total Equity
- -
16.18
16.35
23.75
27.28
23.96
15.38
25.76
22.02
21.83
16.81
16.27
22.17
23.75
19.99
Return on Invested Capital (%)
- -
18.6
18.16
24.18
27.58
24.15
23.99
26.05
22.25
22.11
19.35
19.93
23.87
25.21
21.12
Return on Capital (%)
- -
30.57
22.26
26.81
38.21
43.29
45.36
45.36
37.43
35.15
26.77
26.05
34.96
38.68
31.65
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
642
841
841
LT Borrowings
178
98
18
LT Finance Leases
60
56
50
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
753
753
753
Market Capitalization
4,895
4,745
5,385

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,925
2,234
1,978
Cash, Cash Equivalents & STI
374
763
448
Accounts Receivable, Net
- -
- -
- -
Inventories
60
69
62
Total Current Liabilities
1,694
1,877
1,815
Payables & Accruals
1,031
1,019
957
ST Debt
642
841
841
Deferred Revenue
1
1
1

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.28%
9.44%
34.94%
Free Cash Flow
-147.16%
-86.11%
-204.22%
Net Income, GAAP
11.18%
8.19%
36.32%
Sales/Revenue/Turnover
4.83%
-4.98%
-0.3%
Total Cash Common Dividend
-1.79%
-18.55%
-56.1%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
536
531
538
575
2,181
2025
566
564
521
523
2,174
2026
511
502
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.13
0.15
0.16
0.57
2025
0.2
0.21
0.19
0.18
0.78
2026
0.18
0.18
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.23
- -
0.41
2025
- -
- -
0.18
- -
0.18
2026
- -
- -
- -
- -
- -
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Business
Forth Smart Service Public Company Limited (FSMART.BK) provides integrated facility management and smart building solutions in Thailand; core services encompass building maintenance, cleaning and janitorial services, security systems, electrical and mechanical engineering, landscaping, pest control, and energy management technologies; the company also offers digital platforms for smart facility operations, including IoT-based monitoring and predictive maintenance systems under brands like Boonterm Smart Services. Established in 2009 and headquartered in Bangkok, Thailand, Forth Smart operates primarily across Thailand with a focus on commercial, industrial, retail, hospitality, and government sectors, serving enterprise clients through long-term contracts and customized service packages. In recent developments, the company expanded its smart technology portfolio with new IoT integrations for energy efficiency in 2024 and formed strategic partnerships with tech providers to enhance building automation offerings, while reporting revenue growth from increased demand in sustainable facility services amid Thailand's green building initiatives.