1. Thailand Stocks

  2. •

    Finance

  3. •

    Real estate development
MDX Public Co., Ltd.

MDX Public Co., Ltd.

3.56
THB
-0.04
(-1.11%)
1.30EPS
2.88P/E
1.20BMarket 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
1.62
1.44
0.69
0.58
0.65
0.89
0.64
0.79
0.83
0.76
0.7
0.61
0.93
0.86
Basic EPS, GAAP
0.54
0.82
0.48
0.13
0.61
0.97
0.17
0.36
0.98
0.16
0.36
0.56
0.84
0.87
Free Cash Flow per Basic Share
0.05
-0.55
0.11
-0.64
-0.69
-0.31
-0.55
-0.29
-1.14
-0.02
-0.49
-0.97
-0.43
-0.41
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.31
4.03
4.53
4.62
4.95
5.79
5.71
6.02
7.18
7.73
7.96
8.41
8.73
9.3
Tangible Book Value per Share
3.31
4.03
4.53
4.62
4.95
5.79
5.71
6.02
7.18
7.73
7.96
8.41
8.73
9.3
Basic Weighted Avg Shares
409
412
407
418
411
410
408
413
412
411
411
411
411
427
Sales/Revenue/Turnover
661
595
281
241
267
366
261
328
341
314
286
253
381
368
Operating Margin (%)
-40.54
-27.71
-27.79
-94.79
-81.93
-43.53
-84.3
-48.37
-45.19
-92.98
-90.74
-110
-58.22
-54.43
Depreciation Expense
47
69
79
69
22
20
22
26
26
27
28
76
80
82
Net Income, GAAP
221
338
195
54
251
398
69
149
404
66
149
230
344
373
Effective Tax Rate (%)
14.87
9.76
9.69
- -
0.04
0.06
- -
5.79
6.85
6.86
0.41
- -
4.81
1.69
Profit Margin (%)
33.4
56.81
69.57
22.53
93.8
108.66
26.6
45.44
118.5
20.95
52.29
91.09
90.38
101.24
Working Capital
1,388
1,464
1,586
855
1,627
1,999
1,893
2,006
2,532
2,826
3,020
3,411
3,575
3,874
LT Debt
11
2
2
2
43
52
11
18
11
4
2
33
10
2
Total Equity
3,704
4,136
4,446
4,474
4,693
5,260
5,177
5,389
6,197
6,597
6,763
7,088
7,274
7,674
Return on Invested Capital (%)
-5.25
-2.33
0.69
- -
-2.58
-1.22
- -
-2.67
-2.04
-6.72
-2.36
- -
-2.17
-1.66
Return on Capital (%)
5.46
6.49
1.72
- -
2.63
4.25
- -
1.68
3.7
0.34
0.89
- -
2.6
2.71
Return on Common Equity (%)
15.34
19.36
9.59
2.5
11.01
15.57
2.54
5.33
12.87
1.85
4.01
5.91
8.45
8.76

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
73
74
70
LT Borrowings
2
2
2
LT Finance Leases
8
2
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
476
476
476
Market Capitalization
1,160
1,094
1,198

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,930
4,028
4,319
Cash, Cash Equivalents & STI
3,367
3,440
3,692
Accounts Receivable, Net
16
19
20
Inventories
500
506
544
Total Current Liabilities
355
331
445
Payables & Accruals
153
128
178
ST Debt
73
74
70
Deferred Revenue
73
73
141

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.15%
6.28%
2.63%
Free Cash Flow
185.24%
512.31%
-55.91%
Net Income, GAAP
69.81%
63.71%
49.62%
Sales/Revenue/Turnover
5.69%
5.27%
50.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
80
54
71
48
253
2025
70
53
207
51
381
2026
55
55
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.07
0.26
0.09
0.56
2025
0.18
0.12
0.4
0.12
0.84
2026
0.16
0.21
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Pijayaphong Na Bangxang
Full Time Employees
322
Sector
Finance
Industry
Real estate development
Address
Column Tower Bangkok BM Thailand 10110
IPO Date
Mar 13, 1992
Website
mdx.co.th
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Business
MDX Public Company Limited engages primarily in real estate development, infrastructure, and energy businesses. The company focuses on industrial land development and sales, real estate rental and utility services, electricity generation, and distribution. Its core real estate asset is the Gateway City Industrial Estate in the Eastern Economic Corridor of Thailand, covering approximately 2,134 acres with developed land plots equipped with full infrastructure for industrial investors. The company’s energy segment includes power plant investments such as a 350 MW combined cycle plant in Thailand and a 500 MW hydropower plant in Laos, alongside renewable energy projects including solar rooftops, floating solar installations within the industrial estate, biomass wood plantations, and commercial hemp and eucalyptus plantations for sustainability. MDX operates through three segments: Real Estate, Electricity Generation and Distribution, and Other Businesses, serving industrial, commercial, and energy market sectors primarily in Thailand and neighboring Laos. Founded in 1988 and headquartered in Bangkok, MDX has expanded its investment portfolio recently to emphasize renewable and alternative energy, particularly solar and biomass, reflecting a strategic shift toward sustainable power generation. Recent company developments include the launch of floating solar power projects and expansion into medical health crop plantations such as cannabis, aligning with its sustainability goals and diversification strategy. MDX also maintains a subsidiary, GMS Power Public Company Limited, which manages its power generation assets and projects. The company aims to continuously enhance its earnings by optimizing its property portfolio and expanding its presence in the renewable energy sector to meet evolving market demands and government policies. This comprehensive approach underscores MDX's role as a key player in industrial estate management, infrastructure development, and sustainable energy solutions in Southeast Asia.