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    Finance/Rental/Leasing
Heng Leasing and Capital Public Company Limited

Heng Leasing and Capital Public Company Limited

0.87
THB
+0.01
(+1.16%)
0.02EPS
58.08P/E
3.51BMarket Cap
Nov 11Next Earn
Heng Leasing and Capital Public Company Limited
SET:HENG.R
(Stock Exchange of Thailand)

Recent

price

0.87

P/E

ratio

58.08

div

yld

3.01%

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
- -
0.28
0.46
0.57
0.52
0.49
0.54
0.74
0.73
0.55
0.46
Revenue per Share
- -
0.01
0.05
0.06
0.11
0.11
0.12
0.11
0.02
0.01
0.02
Basic EPS, GAAP
- -
-0.82
-0.81
0.09
0.1
-0.08
-0.54
-0.54
0.72
1.11
0.99
Free Cash Flow per Basic Share
- -
- -
- -
0.01
0.04
0.17
0.01
0.07
0.07
0.05
0.03
Dividend per Share
0.06
0.36
0.74
0.87
0.91
1.26
1.38
1.42
1.38
1.33
1.33
Book Value per Share
0.06
0.36
0.74
0.86
0.91
1.26
1.37
1.42
1.37
1.33
1.33
Tangible Book Value per Share
3,810
3,009
3,009
3,009
3,009
3,187
3,810
3,810
3,810
3,810
3,810
Basic Weighted Avg Shares
- -
838
1,391
1,712
1,553
1,576
2,059
2,810
2,797
2,105
1,752
Sales/Revenue/Turnover
- -
31.43
37.03
42.63
28.88
26.84
29.6
25.72
9.36
8.91
9.85
Operating Margin (%)
- -
22
34
43
89
101
123
145
164
147
112
Depreciation Expense
- -
38
152
189
318
354
461
422
73
34
60
Net Income, GAAP
- -
36.27
23.42
19.38
20.19
19.67
19.8
19.62
19.34
19.57
19.41
Effective Tax Rate (%)
- -
4.54
10.91
11.02
20.48
22.44
22.4
15.02
2.61
1.61
3.45
Profit Margin (%)
-736
-666
-971
-838
-103
66
349
20
-440
683
839
Working Capital
617
1,480
1,873
1,496
1,849
1,428
3,553
5,677
3,188
1,413
572
LT Debt
239
1,383
2,816
3,300
3,471
4,815
5,244
5,416
5,240
5,077
5,068
Total Equity
- -
1.05
2.22
2.11
3.62
3.4
3.79
2.69
0.15
-0.04
0.17
Return on Invested Capital (%)
- -
1.1
2.43
2.45
4.08
4.08
4.29
3.08
0.52
0.31
0.64
Return on Capital (%)
- -
4.69
7.23
6.17
9.4
8.54
9.17
7.92
1.37
0.66
1.19
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,577
2,241
2,095
LT Borrowings
1,362
890
519
LT Finance Leases
52
58
52
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,810
3,810
3,810
Market Capitalization
3,658
3,391
3,505

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,337
3,133
3,018
Cash, Cash Equivalents & STI
105
49
33
Accounts Receivable, Net
377
355
353
Inventories
- -
- -
- -
Total Current Liabilities
2,654
2,316
2,178
Payables & Accruals
77
69
78
ST Debt
2,577
2,241
2,095
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
8.91%
-3.13%
Free Cash Flow
- -
66.16%
53.99%
Net Income, GAAP
- -
-20.61%
-53.44%
Sales/Revenue/Turnover
- -
8.68%
-24.73%
Total Cash Common Dividend
- -
163.03%
-21.05%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
754
722
680
641
2,797
2025
590
550
510
455
2,105
2026
405
381
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.01
0.01
0.02
0.02
2025
0.01
- -
- -
-0.01
0.01
2026
0.02
0.01
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.07
- -
- -
0.07
2025
- -
0.05
- -
- -
0.05
2026
- -
0.03
- -
- -
- -
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Business
Heng Leasing and Capital Public Company Limited operates primarily in Thailand as a non-bank financial institution specializing in comprehensive financial services. The company provides hire-purchase services focused on second-hand vehicles, loans secured against vehicle registrations, land and building loans, personal loans, and nano finance without collateral. Its product portfolio includes used car loans to individual customers; nano finance loans designed for entrepreneurs to sustain their businesses; personal loans for various consumer needs; land and house loans; and floor plan loans specifically tailored for car dealers and used car dealers dealing with sedans, vans, and pickup trucks. Heng Leasing also emphasizes technological development, having invested significantly in digitizing its operations including E-KYC, E-Consent, E-Signature, and robotic process automation to improve efficiency and service quality. The company’s medium-term plans involve modernizing its core leasing system to offer more flexible, competitive, and secure loan products, aiming to boost operational agility and risk reduction. Founded in 2015 and based in Chiang Mai, Thailand, Heng Leasing has expanded its branch network to over 600 locations nationwide. Recent strategic initiatives include system modernization and digital transformation projects to enhance customer experience and operational controls, supported by continuous ISO/IEC 27001 certification for information security management. Heng Leasing's geographic operations are concentrated in Thailand, serving a wide array of individual customers and businesses in the automotive leasing and financial services sectors. The company went public in October 2021 and continues expanding its product offerings and operational capabilities to adapt to evolving market demands and digital disruption in financial services.