1. Thailand Stocks

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    Investment managers
MFC Asset Management Public Co., Ltd.

MFC Asset Management Public Co., Ltd.

24.60
THB
+0.10
(+0.41%)
2.81EPS
7.04P/E
2.49BMarket 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
9.41
6.82
7.04
6.57
6.77
6.99
6.95
7.04
11.9
8.44
8.71
10.53
12.07
14.31
Basic EPS, GAAP
2.84
1.97
1.57
1.55
1.15
1.34
1.04
1.18
2.44
1.76
1.5
1.81
1.91
2.81
Free Cash Flow per Basic Share
0.94
3.06
0.07
0.89
1.51
0.57
1.55
0.94
2.52
1.54
2.78
1.87
0.51
2.43
Dividend per Share
1.7
2.5
1.7
1.65
1.55
1.4
1.3
1
1.1
2.15
1.5
1.3
1.05
1.25
Book Value per Share
11.27
11.25
10.78
11.07
10.06
9.41
8.78
8.47
10.51
9.76
9.47
10.02
11.05
12.39
Tangible Book Value per Share
11.12
11.11
10.66
10.97
9.99
9.36
8.71
8.4
10.4
9.65
9.31
9.88
10.94
12.29
Basic Weighted Avg Shares
120
120
120
121
125
126
126
126
126
126
126
126
126
126
Sales/Revenue/Turnover
1,129
818
846
793
844
878
873
885
1,495
1,060
1,094
1,323
1,516
1,798
Operating Margin (%)
33.14
21.31
22.37
14.33
14.65
19.54
14.1
18.16
23.87
22.83
18.23
17.55
15.09
16.13
Depreciation Expense
13
16
15
17
16
14
14
48
51
52
52
54
67
80
Net Income, GAAP
341
236
189
188
143
168
130
148
306
221
189
227
240
353
Effective Tax Rate (%)
19.49
19.68
19.23
21.33
24.32
19.07
21.42
19.23
19.79
19.41
19.5
18.26
17.64
18.23
Profit Margin (%)
30.18
28.86
22.28
23.63
16.91
19.15
14.93
16.74
20.48
20.86
17.28
17.17
15.8
19.64
Working Capital
1,179
723
727
811
890
864
523
397
648
474
620
663
1,012
1,251
LT Debt
- -
- -
- -
- -
- -
- -
- -
80
39
9
152
147
281
250
Total Equity
1,352
1,350
1,297
1,339
1,262
1,182
1,103
1,064
1,320
1,226
1,189
1,258
1,388
1,556
Return on Invested Capital (%)
25.8
17.31
14.06
6.71
7.08
11.22
8.42
11.26
21.85
14.49
12.1
13.36
11.8
14.63
Return on Capital (%)
26.15
17.47
14.24
14.23
10.97
13.75
11.42
13.47
23.99
16.78
14.55
16.49
15.56
22.73
Return on Common Equity (%)
26.15
17.47
14.24
14.23
10.97
13.75
11.42
13.67
25.68
17.37
15.65
18.57
18.1
25.33

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
48
- -
55
LT Borrowings
- -
- -
- -
LT Finance Leases
281
319
250
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
126
126
126
Market Capitalization
3,392
2,801
2,487

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,304
965
1,598
Cash, Cash Equivalents & STI
992
690
1,283
Accounts Receivable, Net
248
275
266
Inventories
- -
- -
- -
Total Current Liabilities
293
109
347
Payables & Accruals
244
109
292
ST Debt
48
- -
55
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.1%
6.02%
10.34%
Free Cash Flow
145.97%
21.09%
-72.58%
Net Income, GAAP
7.46%
18.01%
5.46%
Sales/Revenue/Turnover
8.35%
15.72%
14.6%
Total Cash Common Dividend
-0.19%
8.53%
-19.42%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
288
345
336
353
1,323
2025
336
349
405
426
1,516
2026
447
520
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.51
0.51
0.39
1.81
2025
0.49
0.61
0.68
0.05
1.91
2026
0.6
1.48
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.29
- -
0.01
1.3
2025
- -
1.05
- -
- -
1.05
2026
- -
1.25
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Thanachote Rungsitivat
Full Time Employees
592
Sector
Finance
Industry
Investment managers
Address
199 Column Tower Bangkok BM Thailand 10110
IPO Date
Jun 5, 1991
Website
mfcfund.com
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Business
MFC Asset Management Public Company Limited operates as a prominent investment management firm within the financial sector. The company provides a broad spectrum of fund management services, encompassing mutual funds, provident funds, private funds, and property-related investments. These offerings extend to managing real estate investment trusts and infrastructure funds, alongside acting as a securities registrar and trustee for various clients. The firm's investment strategy actively covers public equity and fixed income markets globally, in addition to significant involvement in industrial property through acquisition and leasing of freehold and leasehold land and factory rights. Employing a dedicated in-house research approach, MFC Asset Management aims to inform its diverse investment activities. Recent strategic developments include an increased focus on integrating Environmental, Social, and Governance (ESG) principles across its investment products and the launch of new thematic funds, such as those targeting private infrastructure, Chinese AI technology, and even Ethereum ETFs. The company, which was initially known as The Mutual Fund Public Company Limited, was established on March 14, 1975, and maintains its headquarters in Bangkok, Thailand, holding a foundational position in the Thai capital market.