1. Thailand Stocks

  2. •

    Utilities

  3. •

    Alternative power generation
Thachang Green Energy PCL

Thachang Green Energy PCL

0.99
THB
0.00
(0.00%)
0.08EPS
12.03P/E
2.56BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
342.89
0.21
884.74
0.49
0.51
0.41
0.45
0.5
0.46
Basic EPS, GAAP
- -
- -
108.85
0.06
208.63
0.13
0.12
0.11
0.11
0.09
0.08
Free Cash Flow per Basic Share
- -
- -
-471.2
-0.38
-225.87
0.12
0.13
0.11
0.1
0.04
0.13
Dividend per Share
- -
- -
- -
- -
237.5
- -
0.2
- -
- -
- -
- -
Book Value per Share
823.99
730.51
839.23
956.82
1,099.89
0.68
0.95
1.06
1.17
1.24
1.27
Tangible Book Value per Share
821.49
724.73
805.13
915.93
987.64
0.62
0.91
1.01
1.11
1.08
1.09
Basic Weighted Avg Shares
1
1,600
1
1,600
1
1,600
1,828
2,200
2,200
2,451
2,475
Sales/Revenue/Turnover
- -
2
274
336
708
781
938
911
1,000
1,226
1,128
Operating Margin (%)
- -
-62.31
27.27
26.25
29.01
28.87
26.74
27.84
29.28
21.1
21
Depreciation Expense
- -
1
50
59
99
125
142
148
150
159
157
Net Income, GAAP
- -
-5
87
94
167
202
216
240
251
232
210
Effective Tax Rate (%)
- -
- -
0.42
1.5
- -
0.17
0.34
1.37
5.01
3.86
3.55
Profit Margin (%)
- -
-196.1
31.75
28.06
23.58
25.87
23.07
26.34
25.14
18.9
18.61
Working Capital
2
-221
-7
9
-76
63
599
459
344
193
259
LT Debt
3
629
603
1,136
1,399
1,274
896
669
455
225
144
Total Equity
659
585
671
765
880
1,083
2,095
2,330
2,578
3,111
3,199
Return on Invested Capital (%)
- -
- -
6.08
5.28
- -
9.71
9.09
8.65
8.71
7
5.71
Return on Capital (%)
- -
- -
7.03
5.96
- -
9.8
9.18
8.9
8.94
7.17
6.18
Return on Common Equity (%)
- -
-0.74
13.87
13.13
20.29
20.59
13.62
10.85
10.25
8.15
6.77

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
585
598
542
LT Borrowings
150
110
75
LT Finance Leases
75
69
69
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,512
2,512
2,512
Market Capitalization
3,466
3,014
2,562

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
884
938
890
Cash, Cash Equivalents & STI
244
293
276
Accounts Receivable, Net
156
163
137
Inventories
107
122
117
Total Current Liabilities
691
708
631
Payables & Accruals
64
72
55
ST Debt
585
598
542
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
31.81%
20.68%
Free Cash Flow
- -
-48.95%
-58.76%
Net Income, GAAP
- -
7.2%
-7.84%
Sales/Revenue/Turnover
- -
11.99%
22.59%
Total Cash Common Dividend
- -
- -
39.58%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
258
238
256
248
1,000
2025
291
323
299
313
1,226
2026
289
227
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.03
0.02
0.11
2025
0.02
0.03
0.02
0.02
0.09
2026
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Seubtrakul Binthep
Full Time Employees
177
Sector
Utilities
Industry
Alternative power generation
Address
159, Moo 3, Tambon Tha Chang Amphoe Tha Chang SX Thailand 84150
IPO Date
Aug 19, 2022
Website
tge.co.th
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Business
Thachang Green Energy Public Company Limited engages in the renewable energy business in Thailand, primarily generating and supplying electricity and steam from biomass and waste-to-energy sources. The company operates through two main segments, Biomass Power Plant Business and Waste Power Plant Business; it utilizes agricultural residues including empty palm bunches, palm fiber, chopped roots, and wood chips as primary fuels for electricity generation, while also providing waste management and construction services. Founded in 2011 and headquartered in Surat Thani, the company maintains operations centered in southern Thailand, particularly Tha Chang district, with a current installed capacity of approximately 76.6 megawatts across its facilities including the TGE, TPG, and TBP biomass power plants, of which 20.3 megawatts are sold to the Provincial Electricity Authority under long-term power purchase agreements. Targeting agricultural communities and local administrative bodies, Thachang Green Energy supports sustainable practices by converting organic waste into energy, contributing to waste reduction and eco-friendly power solutions in the utilities sector. In recent developments, the company plans significant expansion with seven new waste-to-energy power plants utilizing community waste, located in Sa Kaeo, Ratchaburi, Chumphon, Samut Sakhon, Chai Nat, Ubon Ratchathani, and Prachinburi, each with capacities of 8-9.9 megawatts and scheduled to commence operations between 2025 and 2026; these projects, developed under a build-own-operate model with 25-year contracts, are supported by long-term loan agreements entered in April and May 2025, aiming to boost revenue to 2.5 billion baht by 2026 and increase total capacity toward 200 megawatts by 2032, including explorations for waste-to-energy plants in the Asia-Pacific region.