Harn Engineering Solutions Public Co. Ltd.

Harn Engineering Solutions Public Co. Ltd.

1.99
THB
+0.01
(+0.51%)
0.16EPS
12.47P/E
1.19BMarket 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
1.48
2.35
1.62
1.74
2.2
2.3
2.34
1.97
1.76
2.09
2.22
2.12
2.02
2.05
Basic EPS, GAAP
0.17
0.25
0.13
0.11
0.22
0.23
0.26
0.17
0.12
0.15
0.2
0.15
0.14
0.16
Free Cash Flow per Basic Share
0.15
0.2
0.12
0.03
-0.02
0.26
0.25
0.29
0.09
0.15
0.32
0.19
0.34
0.32
Dividend per Share
0.08
0.41
0.15
0.09
0.09
0.14
0.16
0.18
0.13
0.1
0.13
0.15
0.12
0.12
Book Value per Share
0.5
1.32
1.29
1.95
2.08
2.17
2.26
2.25
2.25
2.31
2.37
2.36
2.38
2.35
Tangible Book Value per Share
0.5
1.3
1.27
1.15
1.31
1.43
1.55
1.58
1.61
1.69
1.77
1.81
1.83
1.79
Basic Weighted Avg Shares
350
243
350
371
585
585
585
585
585
585
585
585
585
585
Sales/Revenue/Turnover
519
572
568
646
1,286
1,344
1,367
1,152
1,026
1,220
1,300
1,239
1,181
1,201
Operating Margin (%)
14.87
13.57
9.98
7.86
12.53
12.46
13.68
10.57
9
9.35
11.15
10.72
9.03
10.16
Depreciation Expense
2
3
4
6
16
16
17
17
30
31
29
29
28
26
Net Income, GAAP
61
61
46
41
130
134
150
98
72
89
114
88
84
96
Effective Tax Rate (%)
19.97
21.46
18.39
20.09
19.52
19.79
19.97
19.57
19.78
20.5
20.32
22.32
19.64
20.23
Profit Margin (%)
11.79
10.59
8.14
6.28
10.08
9.99
10.95
8.5
7.04
7.28
8.77
7.07
7.1
7.97
Working Capital
170
447
434
654
631
577
666
644
652
703
777
815
829
800
LT Debt
- -
- -
- -
- -
- -
- -
- -
96
87
78
70
100
91
85
Total Equity
176
461
452
1,138
1,215
1,267
1,322
1,318
1,319
1,349
1,383
1,378
1,389
1,369
Return on Invested Capital (%)
- -
18.48
10.09
5.08
10.93
10.72
11.45
7.1
5.23
6.37
8.11
7.02
6.55
7.61
Return on Capital (%)
- -
18.86
10.13
5.1
11.03
10.83
11.56
7.15
5.22
6.35
8.08
6.15
5.88
6.8
Return on Common Equity (%)
- -
19.05
10.13
5.1
11.03
10.83
11.56
7.42
5.48
6.66
8.35
6.34
6.06
7.04

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
10
11
12
LT Borrowings
- -
- -
- -
LT Finance Leases
91
88
85
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
585
585
585
Market Capitalization
1,140
1,181
1,192

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,080
1,110
1,106
Cash, Cash Equivalents & STI
537
542
505
Accounts Receivable, Net
176
212
192
Inventories
303
278
326
Total Current Liabilities
251
257
306
Payables & Accruals
197
244
291
ST Debt
10
11
12
Deferred Revenue
39
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.22%
1.05%
0.78%
Free Cash Flow
-155.5%
30.62%
79.45%
Net Income, GAAP
18.58%
-0.47%
-4.23%
Sales/Revenue/Turnover
10.86%
1.03%
-4.68%
Total Cash Common Dividend
7.38%
-5.1%
-19.94%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
269
276
330
364
1,239
2025
304
295
296
286
1,181
2026
336
282
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.06
0.03
0.15
2025
0.03
0.04
0.04
0.04
0.14
2026
0.06
0.03
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.15
- -
- -
0.15
2025
- -
0.12
- -
- -
0.12
2026
- -
0.12
- -
- -
- -

Company Description

CEO
Thammanoon Tripetchr
Full Time Employees
240
Sector
Distribution services
Industry
Wholesale distributors
Address
559 Soi Soonvijai 4 Bangkok BM Thailand 10310
IPO Date
Nov 13, 2014
Website
harn.co.th
Business
Harn Engineering Solutions Public Company Limited, a leading Thai distributor and installer of engineering systems, imports, wholesales, retails, repairs, rents, leases, and installs fire protection systems including sprinklers, fire hose cabinets, floor control valves, pump rooms, fire extinguishers, gas automatic suppression systems, fire protection valves, switches, fire pumps, and foam systems; air-conditioning and sanitary solutions such as chillers, cooling towers, pressure independent control valves (PICV), air handling units, fan coil units, and variable refrigerant flow systems; refrigeration products comprising compressors, condensers, evaporators, expansion valves, unit coolers, controllers, inverters, refrigerants, and fans; digital printing equipment including inkjet printers, thermal transfer overprinters, thermal inkjet printers, laser coders, print-and-apply labelers, desktop thermal transfer printers, high-resolution inkjet systems, coding inspection tools, and basic equipment; and 3D printing solutions with printers, software packages, scanners, and printing services, alongside smart building business solutions and cold storage trading. Incorporated in 2001 and headquartered at 559 Soi Soonvijai 4, Rama 9 Road, Bangkapi, Huaykwang, Bangkok 10310, Thailand, the company operates primarily in Thailand with international reach through subsidiaries like Harn Vietnam and expansions into neighboring ASEAN markets. Formerly known as Fire Victor Public Company Limited, it changed its name in November 2016 following a joint venture with Chillmatch Company Limited and Q II S Company Limited; recent developments include the progress on establishing new subsidiaries as notified in February 2024, ongoing expansion of digital printing operations in Vietnam, development of IoT-related product innovations for smart buildings via the 2020 Ayaraharn joint venture with Ayarafun Group, opening of the Digital Center of Excellence showroom, construction of a new office building completed around 2021 to support sales and training, establishment of refrigeration assembly and fire extinguishing compound plants, and achievement of the 2022 DGNB Gold Certificate for its green office building, with continued emphasis on energy conservation and low-carbon transitions as certified in December 2022 under the Energy Beyond Standards network.