1. Thailand Stocks

  2. •

    Electronic technology

  3. •

    Electronic components
KCE Electronics Public Co., Ltd.

KCE Electronics Public Co., Ltd.

70.75
THB
-0.75
(-1.05%)
0.81EPS
53.17P/E
49.35BMarket Cap
Nov 10Next Earn
KCE Electronics Public Co., Ltd.
SET:KCE.R
(Stock Exchange of Thailand)

Recent

price

70.75

P/E

ratio

53.17

div

yld

1.69%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
7.83
7.76
7.03
10.02
10.41
10.92
11.87
12.11
11.92
10.32
9.82
12.66
15.62
13.78
12.51
10.99
11.09
Revenue per Share
0.58
0.14
0.7
1.27
1.95
1.97
2.62
2.17
1.72
0.8
0.96
2.06
1.96
1.45
1.39
0.7
0.79
Basic EPS, GAAP
0.73
0.53
0.72
0.55
-0.79
0.66
3.02
2.13
1.73
1.46
1.64
- -
0.86
3.18
2.44
1.62
1.35
Free Cash Flow per Basic Share
0.15
0.2
0.15
0.3
0.47
0.61
1.01
1.11
1.12
0.97
0.81
1.02
2
1.2
1.3
1.19
1.2
Dividend per Share
2.82
2.75
3.35
3.73
5.62
7.02
8.52
9.57
10.19
9.99
10.19
11.32
11.33
11.58
11.64
11.11
10.97
Book Value per Share
2.74
2.66
3.08
3.47
5.23
6.61
8.14
9.2
9.82
9.64
9.86
11.02
11.05
11.34
10.72
9.96
9.83
Tangible Book Value per Share
927
928
921
927
1,084
1,140
1,162
1,173
1,173
1,173
1,174
1,180
1,182
1,186
1,186
1,190
1,186
Basic Weighted Avg Shares
7,261
7,201
6,478
9,294
11,284
12,449
13,797
14,195
13,982
12,097
11,527
14,938
18,456
16,344
14,833
13,075
13,147
Sales/Revenue/Turnover
6.85
4.98
12.11
13.01
17.86
19.23
22.59
17.22
13.06
8.53
11.08
18.13
13.78
12.05
12.36
7.56
8.49
Operating Margin (%)
598
552
488
529
575
716
882
917
991
1,015
1,049
1,024
1,082
1,096
1,067
1,099
1,058
Depreciation Expense
535
132
643
1,174
2,110
2,240
3,039
2,545
2,015
934
1,127
2,426
2,317
1,720
1,648
833
931
Net Income, GAAP
0.3
1.75
12.17
1.36
2.13
3.88
3.11
2.97
2.34
4.11
7.08
8.26
5.76
7
6.66
10.98
11.72
Effective Tax Rate (%)
7.36
1.83
9.93
12.63
18.7
17.99
22.02
17.92
14.41
7.72
9.78
16.24
12.56
10.52
11.11
6.37
7.08
Profit Margin (%)
-1,674
-552
-1,089
-807
-143
1,910
2,352
2,910
2,721
2,989
3,969
4,846
4,836
5,517
4,970
4,905
4,774
Working Capital
1,245
1,284
1,327
783
2,849
3,554
2,155
1,771
664
731
680
1,126
910
515
85
415
294
LT Debt
2,645
2,583
3,082
4,110
6,388
8,100
10,028
11,274
12,007
11,762
12,062
13,442
13,445
13,749
13,818
13,196
13,024
Total Equity
9.53
3.29
7.13
13.54
18.5
17.17
20.78
16.11
11.93
6.85
8.38
15.65
13.85
10.96
11
5.92
6.68
Return on Invested Capital (%)
9.33
3.72
9.49
15.18
20.82
17.78
22
18.05
14.1
6.78
8.24
15.43
13.7
10.76
10.77
5.66
6.41
Return on Capital (%)
21.83
5.03
22.71
32.78
40.37
31.04
33.65
23.98
17.38
7.9
9.5
19.11
17.31
12.7
12.01
6.19
7.04
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,055
631
1,101
LT Borrowings
395
336
277
LT Finance Leases
20
18
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,182
1,182
1,182
Market Capitalization
21,514
26,833
49,352

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,577
8,724
9,475
Cash, Cash Equivalents & STI
1,969
1,775
1,730
Accounts Receivable, Net
2,829
3,133
3,446
Inventories
3,705
3,754
4,221
Total Current Liabilities
3,672
3,476
4,702
Payables & Accruals
2,618
2,817
3,586
ST Debt
1,055
631
1,101
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.29%
1.94%
-4.5%
Free Cash Flow
3,355.24%
6,647.59%
-33.62%
Net Income, GAAP
-0.3%
6.28%
-49.49%
Sales/Revenue/Turnover
1.46%
4.12%
-11.85%
Total Cash Common Dividend
13.42%
16.67%
-7.69%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,780
4,012
3,802
3,239
14,833
2025
3,324
3,285
3,444
3,021
13,075
2026
3,107
3,575
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.54
0.18
0.24
1.39
2025
0.19
0.15
0.25
0.1
0.7
2026
0.2
0.23
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.72
0.6
-0.02
1.3
2025
- -
0.58
0.62
-0.02
1.19
2026
- -
0.59
- -
- -
- -
Similar Companies
Corning Incorporated (NYSE:GLW)
Taiyo Yuden Co., Ltd. (TSE:6976)
Celestica, Inc. (NYSE:CLS)
Amphenol Corporation (NYSE:APH)
IBIDEN CO., LTD. (TSE:4062)
Vicor Corporation (NASDAQ:VICR)
Business
KCE Electronics Public Company Limited KCE Electronics Public Company Limited manufactures and distributes printed circuit boards (PCBs), copper clad laminates, prepregs, and related chemicals under the KCE trademark; it produces multilayer PCBs with higher layer counts at its parent company facility in Lat Krabang Industrial Estate, lower layer count PCBs at subsidiary K.C.E. International Co., Ltd. in Bangpoo, and expanded capacity through subsidiary KCE Technology Co., Ltd. in Hi-Tech Industrial Estate, while subsidiary Thai Laminate Manufacturers Co., Ltd. supplies key raw materials including prepregs and laminates; operations also encompass building rentals and target automotive applications comprising over 70% of revenue alongside industrial, computer, and telecommunications sectors, with primary customers in Europe and the US. Founded in 1982 and headquartered at 72-72/1-3 Soi Chalongkrung 31, Lat Krabang Industrial Estate, Bangkok, Thailand, the company maintains production facilities in Thailand and serves global markets through its subsidiaries. In recent developments, KCE Electronics Public Company Limited completed the acquisition of Kce Printed Circuit Boards GmbH in March 2025 following a January 2025 share purchase agreement valued at approximately 10.7 million euros to bolster European operations; it established Circuit Holding Company Limited in late 2024 with investments up to GBP 23 million to acquire 100% of UK-based International Circuits Limited and settle related debts, enhancing sales control and marketing in Europe; additionally, in July 2024, the company approved corporate restructuring via acquisition of the entire business of subsidiary K.C.E. International Co., Ltd.