Stone One Public Company Limited

Stone One Public Company Limited

0.74
THB
-0.03
(-3.90%)
0.02EPS
40.81P/E
261.06MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
1.55
1.31
1.16
0.78
1.03
1.42
1.22
1.1
Basic EPS, GAAP
- -
0.24
0.11
0.06
0.07
0.12
0.18
0.17
0.02
Free Cash Flow per Basic Share
- -
0.42
0.32
0.1
0.04
0.04
0.3
0.07
-0.25
Dividend per Share
- -
0.24
- -
0.08
0.12
- -
0.06
0.1
0.08
Book Value per Share
1.91
1.91
2.02
2
1.96
2.09
2.82
2.89
2.8
Tangible Book Value per Share
1.87
1.87
1.96
1.95
1.92
2.06
2.79
2.16
2.07
Basic Weighted Avg Shares
307
307
307
307
307
307
287
307
307
Sales/Revenue/Turnover
- -
476
403
356
240
316
407
375
339
Operating Margin (%)
- -
19.89
10.77
7.96
-3.64
-0.84
4.33
10.28
-8.03
Depreciation Expense
- -
75
74
66
46
48
47
46
44
Net Income, GAAP
- -
73
33
18
22
38
52
52
6
Effective Tax Rate (%)
- -
25.13
27.93
39.66
26.62
23.11
21.25
29.01
- -
Profit Margin (%)
- -
15.4
8.22
5.19
9
12.02
12.73
13.84
1.88
Working Capital
52
118
206
233
197
243
485
329
221
LT Debt
18
44
33
22
23
25
6
129
118
Total Equity
588
587
620
614
603
643
866
887
860
Return on Invested Capital (%)
- -
11.24
5.88
3.9
-0.99
1.71
2.68
3.17
- -
Return on Capital (%)
- -
11.41
5.27
3
3.53
6.03
6.78
5.56
- -
Return on Common Equity (%)
- -
12.48
5.49
3
3.54
6.1
6.86
5.92
0.74

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
33
46
46
LT Borrowings
93
88
83
LT Finance Leases
36
38
35
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
307
307
307
Market Capitalization
319
276
261

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
400
338
299
Cash, Cash Equivalents & STI
206
171
138
Accounts Receivable, Net
37
30
25
Inventories
129
125
126
Total Current Liabilities
71
75
79
Payables & Accruals
36
26
30
ST Debt
33
46
46
Deferred Revenue
1
1
1

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
8.2%
2.33%
Free Cash Flow
- -
90.63%
-74.64%
Net Income, GAAP
- -
17.02%
0.21%
Sales/Revenue/Turnover
- -
1.67%
-7.83%
Total Cash Common Dividend
- -
- -
81.75%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
94
99
114
100
407
2025
101
82
98
94
375
2026
73
75
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.05
0.06
0.02
0.18
2025
0.13
0.01
0.03
-0.01
0.17
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.06
- -
- -
0.06
2025
- -
0.1
- -
- -
0.1
2026
- -
0.08
- -
- -
- -

Company Description

CEO
Krittanan Pingkhalasai
Sector
Non-energy minerals
Industry
Construction materials
Address
Bangkok Thailand
IPO Date
Apr 26, 2024
Business
Stone One Public Company Limited produces, manufactures, and distributes industrial stone and mineral products for the construction and industrial manufacturing sectors in Thailand. The company operates through three principal product lines: Granite, including crushed granite stones of assorted aggregate gradations, stone dust, railway ballast, and riprap armor stones for coastal and riverbank reinforcement; Limestone, comprising crushed limestone aggregates, base course materials, and fine-grade limestone used in ready-mixed concrete production, asphalt mixing plants, and cement manufacturing; and Dolomite, supplying crushed and pulverized dolomite minerals utilized in float and container glass manufacturing, iron and steel smelting, agricultural soil pH adjustment, and wastewater treatment processes. In addition to quarrying and mineral processing, Stone One provides integrated logistics and transportation solutions, delivering industrial stone, aggregate, and sand directly to client job sites, ready-mix batching plants, and industrial processing facilities. The company conducts extraction and processing operations across major strategic sites, including the Nong Kha Quarry in Chonburi Province, serving infrastructure, civil engineering, and commercial developments across the Eastern Economic Corridor (EEC); and the Chom Bueng Quarry in Ratchaburi Province, operated in conjunction with subsidiary Ratchaburi Enterprises Co., Ltd., supplying limestone and dolomite across western and central Thailand. Founded in 1996, Stone One Public Company Limited is headquartered in Bangkok, Thailand. In recent developments, the company successfully completed its initial public offering (IPO) and commenced trading on the Market for Alternative Investment (mai) of the Stock Exchange of Thailand under the ticker symbol STX on April 26, 2024. Proceeds from the offering have been deployed toward expanding mineral extraction concessions, acquiring advanced crushing and screening equipment, upgrading logistics capabilities, and funding working capital requirements. To support long-term revenue growth and secure mineral reserves, Stone One has advanced the commercial development of its Khao Yoi quarry project in Phetchaburi Province to expand production capacity for civil infrastructure and industrial consumers. Additionally, the company has broadened its sustainable mining frameworks, securing Green Industry Level 3 certification from the Thai Ministry of Industry and implementing emissions-reduction initiatives in alignment with long-term corporate governance and environmental standards.