Thai Group Holdings Public Co Ltd

Thai Group Holdings Public Co Ltd

10.20
THB
-0.10
(-0.97%)
1.41EPS
8.45P/E
9.03BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
35.67
27.49
27.67
32.29
23.95
20.86
17.62
18.95
19.2
Basic EPS, GAAP
1.4
0.4
0.97
-4.34
1.97
0.07
0.67
1.43
1.42
Free Cash Flow per Basic Share
-1.94
-0.37
-2.02
-9.22
-2.15
-1.18
1.6
1.81
2.46
Dividend per Share
- -
- -
- -
0.6
- -
- -
- -
- -
0.1
Book Value per Share
17.11
20.35
18.07
13.27
12.47
11.92
13
14.16
14.7
Tangible Book Value per Share
16.44
17.88
15.64
11.1
10.38
9.93
11.04
12.19
12.77
Basic Weighted Avg Shares
741
752
752
752
752
752
752
752
751
Sales/Revenue/Turnover
26,418
20,673
20,813
24,284
18,012
15,687
13,252
14,252
14,429
Operating Margin (%)
-3.43
-11.88
-5.12
-50.57
-1.42
-7.73
5.89
3.92
4.52
Depreciation Expense
1,262
1,566
1,795
1,840
1,770
1,937
1,919
2,105
2,203
Net Income, GAAP
1,039
303
728
-3,260
1,485
55
506
1,072
1,068
Effective Tax Rate (%)
29.45
26.08
21.42
- -
- -
41.55
26.63
21.96
19.13
Profit Margin (%)
3.93
1.46
3.5
-13.43
8.24
0.35
3.82
7.52
7.4
Working Capital
-18,683
-20,155
-9,329
-2,785
24,676
17,723
11,558
9,885
49,187
LT Debt
4,109
3,970
3,742
3,986
4,170
19,155
18,859
17,975
6,695
Total Equity
13,135
15,402
13,771
10,017
9,620
9,286
10,132
10,986
11,337
Return on Invested Capital (%)
- -
-5.92
-2.63
- -
- -
-2.45
1.46
1.72
1.77
Return on Capital (%)
- -
2.2
3.41
- -
- -
1.3
6.69
9.74
9.62
Return on Common Equity (%)
- -
2.15
5.04
-27.66
15.34
0.6
5.4
10.5
10.4

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
11,856
11,910
LT Borrowings
17,974
6,830
6,694
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
752
752
752
Market Capitalization
8,649
8,273
9,025

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
18,156
59,095
61,482
Cash, Cash Equivalents & STI
16,779
57,126
59,699
Accounts Receivable, Net
- -
- -
- -
Inventories
168
179
157
Total Current Liabilities
8,270
12,415
12,295
Payables & Accruals
2,015
420
244
ST Debt
2
11,856
11,910
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-3.43%
8.43%
Free Cash Flow
- -
2.13%
12.88%
Net Income, GAAP
- -
27.37%
111.9%
Sales/Revenue/Turnover
- -
-6.01%
7.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,307
3,317
3,391
4,997
13,252
2025
3,298
3,599
3,765
3,590
14,252
2026
3,636
3,438
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.24
0.24
0.02
0.67
2025
0.13
0.56
0.77
-0.03
1.43
2026
0.34
0.34
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

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

Company Description

CEO
Chotiphat Bijananda
Full Time Employees
1,515
Sector
Finance
Industry
Multi-line insurance
Address
315 Southeast Building Bangkok BM Thailand 10500
IPO Date
Jul 31, 2019
Business
Thai Group Holdings Public Company Limited operates as a core insurance and financial services company within the TCC Group, headquartered in Bangkok, Thailand, and founded in 2018. The company manages its operations across four primary business segments: life insurance, non-life insurance, car rental, and financial services. Its life insurance segment is conducted through its subsidiary Southeast Life Insurance Public Company Limited, offering a range of products including ordinary life insurance (whole life, term, endowment, and annuity insurance), group life insurance, and credit life insurance catering to individual and corporate clients. The non-life insurance business is conducted via its subsidiary Indara Insurance Public Company Limited, underwriting motor insurance (compulsory and voluntary), property casualty, marine insurance, and various miscellaneous insurance types like burglary, plate glass, money, engineering, and contractor’s all risk insurance. Its car rental business operates primarily through Southeast Capital Company Limited and several other affiliated subsidiaries, providing leasing services and expanding into car subscriptions under the brand "SUB A CAR." The financial services segment is delivered through subsidiaries Southeast Money Company Limited and Southeast Money Retail Company Limited, focusing on leasing, hire purchase, lending, and financial product offerings. Recent major company changes include restructuring its shareholding and capital structure within the insurance, car rental, and financial business groups to enhance management efficiency and competitiveness. The company established three new holding subsidiaries—Thai Group Auto Company Limited for car rental, Thai Group Money Company Limited for financial services, and Pro Checker 2023 Company Limited for surveyor services under the insurance business group. Thai Group Holdings launched "SUB A CAR" in 2024 to support its car rental segment expansion. In 2024, the company engaged in several shareholding adjustments, especially increasing direct and indirect control over Indara Insurance to 77.02%. It also renewed ISO/IEC 27001:2022 certification for information security for the sixth consecutive year and implemented a new corporate values framework "THAIs" to enhance organizational culture and synergy. The company reported a significant net profit increase of 313% in 2024, driven by steady revenue in life insurance, non-life insurance, and financial services. It received awards such as the Top CEO 2024 in finance and investment, best health insurance product, and Thailand Top Company Awards in the financial industry category, underscoring its market leadership and innovation commitment. Thai Group Holdings operates mainly in Thailand, targeting individual customers, corporate clients including government agencies and private companies, and maintaining a broad distribution channel network incorporating agents, brokers, banks, financial institutions, and digital platforms. Its subsidiaries handle underwriting, investment, insurance brokerage, car leasing, and financial lending services, reflecting a diversified portfolio geared toward long-term financial security and well-being for the Thai market. The company’s strategic focus includes profitability through portfolio rebalancing, operational improvements, risk management, and leveraging technology and innovation for sustainable growth. The company is listed on the Stock Exchange of Thailand under the ticker TGH.BK, maintaining a registered capital of approximately 12 billion baht and paid-up capital of 7.5 billion baht. It aligns closely with the broader TCC Group ecosystem while expanding its leadership position in the insurance and financial sectors of Thailand. Thai Group Holdings continues to pursue growth, governance excellence, and sustainable development goals aimed at creating value for its stakeholders. This comprehensive profile captures Thai Group Holdings Public Company Limited’s core products, services, recent organizational changes, business segmentation, and market positioning relevant as of 2025.