1. Thailand Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: non-alcoholic
Osotspa Public Co. Ltd.

Osotspa Public Co. Ltd.

18.00
THB
+0.50
(+2.86%)
1.26EPS
14.29P/E
52.27BMarket Cap
Nov 11Next Earn
Osotspa Public Co. Ltd.
SET:OSP.R
(Stock Exchange of Thailand)

Recent

price

18.00

P/E

ratio

14.29

div

yld

4.45%

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
10.57
10.74
8.33
11.96
8.49
8.54
8.88
9.02
8.68
9.09
8.51
8.14
Revenue per Share
0.7
0.94
0.94
1.48
1.08
1.17
1.08
0.64
0.8
0.55
1.22
1.22
Basic EPS, GAAP
1.46
1.35
1.08
0.96
0.03
-0.1
0.6
0.27
0.22
0.86
1.94
2.33
Free Cash Flow per Basic Share
- -
- -
1.37
1.35
1.04
1.1
1.1
1.09
1.65
0.76
0.7
0.8
Dividend per Share
2.68
1.52
1.11
6.02
5.95
6.4
6.62
6.15
5.44
5.16
5.62
5.51
Book Value per Share
2.65
1.46
1.05
5.84
5.75
6.27
6.49
6.03
5.35
5.08
5.56
5.46
Tangible Book Value per Share
3,004
3,004
3,004
2,032
3,018
2,995
3,014
3,022
3,003
2,978
3,005
2,996
Basic Weighted Avg Shares
31,739
32,267
25,027
24,297
25,610
25,583
26,762
27,266
26,062
27,069
25,561
24,383
Sales/Revenue/Turnover
8.03
8.62
13.02
12.26
12.9
13.12
12.06
7.1
8.83
11.87
15.08
17.02
Operating Margin (%)
- -
- -
1,077
1,074
989
1,285
1,518
1,598
1,548
1,488
1,501
1,429
Depreciation Expense
2,092
2,812
2,834
3,005
3,259
3,504
3,255
1,934
2,402
1,638
3,667
3,648
Net Income, GAAP
21.12
18.48
20.01
18.43
18.01
14.59
17.25
16.09
15.09
18.45
12.13
15.53
Effective Tax Rate (%)
6.59
8.71
11.32
12.37
12.73
13.7
12.16
7.09
9.22
6.05
14.34
14.96
Profit Margin (%)
941
-4,116
-4,804
8,039
4,082
4,622
3,298
2,237
2,525
2,999
5,370
5,855
Working Capital
288
70
101
110
406
1,142
641
723
520
639
420
275
LT Debt
9,440
4,714
3,439
18,303
18,023
19,329
19,904
18,455
16,510
15,792
17,331
16,934
Total Equity
- -
21.36
26.62
18.22
16.77
16.71
14.57
8.4
12.13
8.89
20.62
20.66
Return on Invested Capital (%)
- -
24.21
28.18
21.46
17.64
18.51
16.34
9.76
12.51
8.58
19.66
20.2
Return on Capital (%)
- -
44.54
71.81
28.06
18.13
18.89
16.65
10.09
13.81
10.3
22.66
21.92
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
196
161
165
LT Borrowings
219
114
99
LT Finance Leases
201
189
176
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,004
3,004
3,004
Market Capitalization
48,360
44,456
52,265

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,740
11,779
12,194
Cash, Cash Equivalents & STI
4,525
5,171
5,936
Accounts Receivable, Net
3,925
3,876
3,586
Inventories
2,608
1,907
1,900
Total Current Liabilities
6,370
6,194
6,339
Payables & Accruals
6,171
6,029
6,170
ST Debt
196
161
165
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
35.13%
-1.89%
9.74%
Free Cash Flow
-96.69%
-79.55%
128.48%
Net Income, GAAP
12.57%
13.71%
123.83%
Sales/Revenue/Turnover
-1.8%
0.07%
-5.57%
Total Cash Common Dividend
- -
- -
-6.66%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,260
7,345
6,043
6,422
27,069
2025
6,831
6,807
5,604
6,319
25,561
2026
6,345
6,115
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.2
-0.12
0.19
0.55
2025
0.42
0.34
0.23
0.23
1.22
2026
0.39
0.37
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.45
0.3
- -
0.76
2025
- -
0.3
0.39
- -
0.7
2026
- -
0.4
- -
- -
- -
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Business
Osotspa Public Company Limited, founded in 1891 and headquartered in Bangkok, Thailand, operates as a leading consumer products company primarily in the non-alcoholic beverage and personal care sectors. It manufactures and distributes energy drinks under prominent brands such as M-150, Lipovitan-D, Som in Sum, and White Shark; sports drinks including M-Electrolyte; and functional beverages like Peptein, C-Vitt, and Calpis Lacto. The company also offers personal care products spanning baby care, women’s beauty care, and male grooming, alongside operations in healthcare and confectionery products with a portfolio that includes herbal products and dietary supplements. Osotspa further provides OEM manufacturing services for product packaging and related contract manufacturing. Its geographic operations cover Thailand and international markets, with growing export activities across Southeast Asia. In recent years, Osotspa has undertaken strategic initiatives to enhance operational efficiency and sustainability, including the Fast Forward 10X program launched in 2022 aimed at cost mitigation, margin expansion, and digital transformation across processes, people, technology, and assets. The company continues to focus on product innovation and premiumization to respond to consumer trends while strengthening its market position. In 2025, Osotspa appointed Mookda Pairatchavet as CEO, signaling a strategic leadership renewal to drive growth and customer loyalty. The company maintains commitments to environmental, social, and governance (ESG) goals, targeting carbon neutrality by 2050 and advancing sustainable supply chain practices. Osotspa also pursues inorganic growth opportunities through acquisitions and business expansion to accelerate its international footprint and capability development. Osotspa’s business segments include non-alcoholic beverages, personal care, supply chain services encompassing manufacturing, packaging, and distribution, and other ventures such as confectionery and minority investments. It leverages longstanding brand heritage combined with continuous innovation to serve diverse consumer needs in Thailand and beyond, positioning itself as a resilient player in the fast-moving consumer goods (FMCG) industry. This comprehensive product portfolio and strategic focus underpin Osotspa’s ongoing objective to drive sustainable growth, profitability, and societal impact while adapting to competitive and macroeconomic challenges in the regional market. The company’s enhanced operational efficiency and expanding international presence contribute to its strong market leadership and financial performance.