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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
MFC Asset Management Public Co., Ltd.
SET:MFC.R
(Stock Exchange of Thailand)

Recent

price

24.60

P/E

ratio

7.04

div

yld

5.07%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
5.78
5.84
6.51
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
Revenue per Share
1.6
1.56
1.65
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
Basic EPS, GAAP
0.22
0.85
2.96
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
Free Cash Flow per Basic Share
0.85
2.9
2
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
Dividend per Share
12.08
10.69
10.45
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
Book Value per Share
12
10.59
10.33
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
Tangible Book Value per Share
120
120
120
120
120
120
121
125
126
126
126
126
126
126
126
126
126
Basic Weighted Avg Shares
694
701
781
1,129
818
846
793
844
878
873
885
1,495
1,060
1,094
1,323
1,516
1,798
Sales/Revenue/Turnover
30.88
29.62
26.94
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
Operating Margin (%)
25
23
15
13
16
15
17
16
14
14
48
51
52
52
54
67
80
Depreciation Expense
192
187
198
341
236
189
188
143
168
130
148
306
221
189
227
240
353
Net Income, GAAP
24.95
27.15
23.35
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
Effective Tax Rate (%)
27.6
26.75
25.32
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
Profit Margin (%)
404
79
872
1,179
723
727
811
890
864
523
397
648
474
620
663
1,012
1,251
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
80
39
9
152
147
281
250
LT Debt
1,449
1,283
1,254
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
Total Equity
12.02
12.74
14.58
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 Invested Capital (%)
13.69
13.72
15.6
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 Capital (%)
13.69
13.72
15.6
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
Return on Common Equity (%)

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
- -
- -
- -
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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.