1. Thailand Stocks

  2. •

    Consumer services

  3. •

    Hotels/Resorts/Cruise lines
Mandarin Hotel Public Company Limited

Mandarin Hotel Public Company Limited

20.50
THB
-0.50
(-2.38%)
1.48EPS
14.22P/E
565.02MMarket Cap
Mandarin Hotel Public Company Limited
SET:MANRIN.R
(Stock Exchange of Thailand)

Recent

price

20.50

P/E

ratio

14.22

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
3.73
3.06
0.93
2.05
9.59
11.71
12.53
12.21
12.29
12.4
3.93
0.85
6.12
12.04
13.96
13.46
13.32
Revenue per Share
2.6
-0.83
-0.74
-1.71
-1.13
-0.78
0.14
0.7
0.75
0.94
-2.75
-1.82
-1.48
1.29
1.89
1.48
1.48
Basic EPS, GAAP
1.51
-2.21
-7.52
-18.68
0.54
2.46
2.06
3.04
2.53
2.83
-1.53
-2.8
0.72
2.51
4.28
3.42
3.23
Free Cash Flow per Basic Share
- -
0.5
- -
- -
- -
- -
- -
- -
- -
- -
0.44
- -
- -
- -
0.01
- -
- -
Dividend per Share
22.69
21.3
20.58
18.9
17.77
16.99
17.13
17.84
18.59
19.54
16.32
14.5
13.12
14.41
16.3
17.71
18.12
Book Value per Share
22.69
17.72
17.17
15.64
14.68
14.07
14.37
15.24
16.16
17.27
16.31
14.5
13.11
14.4
16.25
17.67
18.08
Tangible Book Value per Share
23
27
27
27
27
27
27
27
27
27
27
27
27
27
27
27
27
Basic Weighted Avg Shares
86
82
25
55
258
315
337
328
331
334
106
23
165
324
376
362
358
Sales/Revenue/Turnover
-76.37
-38.69
-139.88
-85.73
-2.94
8.4
8.99
9
12.48
12.85
-67.22
-446.69
-18.48
14.21
20.81
16.51
15.49
Operating Margin (%)
10
14
8
22
55
56
56
56
51
38
47
46
46
40
41
45
45
Depreciation Expense
60
-22
-20
-46
-30
-21
4
19
20
25
-74
-49
-40
35
51
40
40
Net Income, GAAP
1.48
- -
- -
- -
- -
- -
47.53
4.89
0.27
21
- -
- -
- -
1.12
21.97
23.28
20
Effective Tax Rate (%)
69.87
-27.13
-80.16
-83.45
-11.76
-6.63
1.13
5.77
6.12
7.59
-70.05
-212.63
-24.22
10.71
13.53
10.99
11.09
Profit Margin (%)
208
145
104
-6
1
6
26
56
-1
-13
-40
80
42
14
-12
-6
-1
Working Capital
- -
- -
229
562
525
479
432
384
254
166
302
418
385
287
176
99
70
LT Debt
611
573
554
508
478
457
461
480
500
526
439
390
353
388
439
476
487
Total Equity
-11.57
- -
- -
- -
- -
- -
1.73
4.25
4.84
4.35
- -
- -
- -
6.1
8.94
7.38
7.43
Return on Invested Capital (%)
10.75
- -
- -
- -
- -
- -
1.73
4.25
4.33
4.47
- -
- -
- -
6.14
8.98
7.39
7.42
Return on Capital (%)
10.75
-3.77
-3.54
-8.65
-6.15
-4.47
0.83
4.03
4.13
4.94
-15.36
-11.78
-10.73
9.36
12.3
8.7
8.42
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
27
26
16
LT Borrowings
26
- -
- -
LT Finance Leases
73
71
70
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
646
622
565

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
52
49
48
Cash, Cash Equivalents & STI
40
33
30
Accounts Receivable, Net
14
16
11
Inventories
2
1
1
Total Current Liabilities
58
56
49
Payables & Accruals
28
28
30
ST Debt
27
26
16
Deferred Revenue
3
2
2

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.87%
2.18%
8.64%
Free Cash Flow
12.51%
50.64%
-19.9%
Net Income, GAAP
-29.63%
-42.91%
-21.65%
Sales/Revenue/Turnover
58.55%
129.56%
-3.55%
Total Cash Common Dividend
- -
- -
-100%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93
80
100
102
376
2025
98
75
95
95
362
2026
91
77
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
0.26
0.68
0.44
1.89
2025
0.52
0.14
0.44
0.38
1.48
2026
0.49
0.16
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Mandarin Hotel Public Company Limited engages in the hotel and resort business in Thailand, primarily operating the Mandarin Hotel Bangkok; it also leases hotels to third parties. The company, founded in 1965 and headquartered at 662 Rama 4 Road, Bangrak, Bangkok, offers comprehensive hospitality services including 367 modern rooms and suites across categories such as Deluxe, Deluxe Plus, Premier, Executive, Mandarin Connected, and Grand Suite; dining at venues like Rodchana Restaurant for breakfast and signature outlets featuring diverse cuisines; meetings and events facilities; an outdoor swimming pool of 125 square meters; Let's Relax Spa with contemporary treatments; and a state-of-the-art fitness center equipped by Life Fitness. Its operations focus on the Thai market, serving leisure and business travelers with emphasis on central Bangkok's strategic location, warm hospitality, and continuous renovations to meet modern standards while preserving classic charm, including the 1981 addition of the Princess Wing to complement the original Mandarin Wing. The company maintains steady operations amid Thailand's hospitality recovery, with no major acquisitions, partnerships, funding rounds, or strategic shifts reported in the last one to two years.