1. Thailand Stocks

  2. •

    Commercial services

  3. •

    Commercial printing/Forms
TBSP Public Company Limited

TBSP Public Company Limited

0.98
THB
0.00
(0.00%)
-2.19EPS
315.89MMarket 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
5.56
5.58
6.01
6.75
7.25
5.72
11.89
5.82
3.98
3.37
3.9
1.09
0.75
1.09
Basic EPS, GAAP
0.42
0.51
0.32
0.46
0.55
0.02
0.72
-0.06
-1.18
0.4
-0.05
-2.23
-3.73
-2.27
Free Cash Flow per Basic Share
0.34
0.12
-0.07
-0.47
-0.09
-0.84
0.48
0.87
0.77
-1.02
-0.06
0.75
-0.24
-0.03
Dividend per Share
0.39
0.78
0.51
0.43
0.4
0.33
1.86
0.18
0.54
- -
- -
- -
- -
- -
Book Value per Share
5.6
5.21
4.87
4.91
5.08
4.58
5.06
3.9
6.45
4.27
4.2
1.96
0.76
0.71
Tangible Book Value per Share
5.52
5.12
4.75
4.71
4.79
4.28
4.76
3.75
6.26
3.9
3.68
1.7
0.7
0.66
Basic Weighted Avg Shares
184
184
184
184
184
184
184
277
341
343
355
245
295
355
Sales/Revenue/Turnover
1,023
1,026
1,106
1,242
1,333
1,052
2,188
1,615
1,357
1,156
1,387
268
220
388
Operating Margin (%)
8.03
8.65
7.11
8.22
10.51
2.07
5.5
0.89
6.49
-0.56
1.73
-38.41
-136.44
-67.64
Depreciation Expense
44
47
54
62
73
81
147
170
159
150
197
213
172
115
Net Income, GAAP
77
94
59
85
100
3
133
-17
-403
138
-17
-547
-1,097
-808
Effective Tax Rate (%)
19.35
20.36
20.18
13.59
16.34
21.38
16.78
- -
- -
9.25
- -
- -
- -
- -
Profit Margin (%)
7.49
9.11
5.33
6.87
7.52
0.29
6.06
-1.05
-29.73
11.93
-1.22
-204.19
-498.99
-207.93
Working Capital
591
483
391
268
215
127
-10
-94
681
-209
-287
-627
60
78
LT Debt
10
50
36
27
71
231
149
221
270
143
135
68
41
37
Total Equity
725
676
633
640
663
580
641
917
1,555
1,086
1,067
462
280
262
Return on Invested Capital (%)
10.84
13.02
8.85
12.1
12.29
1.85
18.71
- -
- -
-8.36
- -
- -
- -
- -
Return on Capital (%)
10.25
12.9
8.4
11.63
12.82
1.13
6.09
- -
- -
8.28
- -
- -
- -
- -
Return on Common Equity (%)
10.83
13.66
9.24
13.77
15.84
0.5
21.7
-2.17
-33.15
10.76
-1.63
-72.56
-289.21
-372.84

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
55
53
50
LT Borrowings
39
37
35
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
367
367
367
Market Capitalization
- -
- -
316

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
230
240
266
Cash, Cash Equivalents & STI
74
47
76
Accounts Receivable, Net
74
78
62
Inventories
68
82
90
Total Current Liabilities
170
176
188
Payables & Accruals
115
124
138
ST Debt
55
53
50
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.27%
-11.66%
-39.36%
Free Cash Flow
-13.14%
-288.82%
-139.22%
Net Income, GAAP
932.26%
1,056.34%
100.57%
Sales/Revenue/Turnover
-2.91%
-21.88%
-17.92%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
332
73
77
44
268
2025
25
49
64
81
220
2026
111
131
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.22
-0.47
-0.54
-1.06
-2.23
2025
-0.76
-0.58
-2.41
-0.06
-3.73
2026
0.01
-0.06
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Wilert Orawanwong
Full Time Employees
629
Sector
Commercial services
Industry
Commercial printing/Forms
Address
41/1 Moo.10, Soi Wat Suan Som Samut Prakan Thailand 10130
IPO Date
Mar 13, 1996
Website
plustech.co.th
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Business
Plus Tech Innovation Public Company Limited manufactures security documents and plastic cards in Thailand. The company produces EMV credit and debit cards (Visa and Mastercard), smart cards (contact and contactless), NFC business cards, top-up cards, member cards, specialty cards, and fingerprint cards; it also offers technology products such as dynamic CVV solutions, alongside security printing services for bank cheques, business forms, bonds, promissory notes, passports, lottery tickets, and electrified train tickets. Plus Tech provides comprehensive card-related services including personal data encoding, stock management, envelope packaging, and secure delivery through multiple channels. Founded in 1978 as a joint venture between The British Printing and Communication Corporation and major Thai banks, Plus Tech Innovation Public Company Limited maintains headquarters in Samut Prakan, Thailand, and operates primarily in domestic and international markets with exports to financial institutions abroad. The company, a subsidiary of Sabuy Technology Public Company Limited since 2021, listed on the Stock Exchange of Thailand in 1995 and holds certifications including ISO 14001, ISO/IEC 27001, and EMV approvals from Visa and Mastercard. In 2022, the company changed its name from Thai British Security Printing Public Company Limited to Plus Tech Innovation Public Company Limited and developed employee smart cards along with limited-edition red line electrified train tickets. Recent activities encompass winning a contract in early 2023 to produce 3.3 million BAAC ATM cards and receiving the Sustainability Disclosure Award in 2023. Plus Tech continues innovations in NFC technology and smart card payment systems for universities and businesses.