1. Thailand Stocks

  2. •

    Finance

  3. •

    Finance/Rental/Leasing
Ratchthani Leasing Public Co., Ltd.

Ratchthani Leasing Public Co., Ltd.

2.32
THB
+0.02
(+0.87%)
0.21EPS
8.24P/E
10.84BMarket Cap
Nov 05Next Earn
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
0.55
0.62
0.63
0.66
0.74
0.85
0.93
0.75
0.61
0.64
0.66
0.6
0.52
0.49
Basic EPS, GAAP
0.18
0.17
0.18
0.21
0.27
0.4
0.47
0.37
0.27
0.28
0.21
0.13
0.18
0.21
Free Cash Flow per Basic Share
-1.51
0.29
0.03
-0.48
-0.97
-1.26
-0.05
1.16
0.22
-0.3
0.29
1.34
1.58
1.15
Dividend per Share
0.01
0.01
0.01
0.1
0.12
0.02
0.36
0.12
0.15
0.15
0.15
0.02
0.07
0.11
Book Value per Share
0.58
0.7
0.82
0.9
1.01
1.29
1.38
1.74
1.86
1.98
2.04
2.15
2.26
2.26
Tangible Book Value per Share
0.58
0.69
0.82
0.9
1.01
1.29
1.37
1.73
1.85
1.98
2.03
2.14
2.26
2.26
Basic Weighted Avg Shares
4,153
4,153
4,153
4,207
4,117
4,153
4,153
5,083
6,229
6,229
6,229
6,229
6,229
6,229
Sales/Revenue/Turnover
2,292
2,594
2,597
2,758
3,062
3,544
3,867
3,832
3,810
3,974
4,107
3,746
3,218
3,029
Operating Margin (%)
48.85
45.09
45.15
49.72
55
61.25
59.1
49.4
45.31
43.28
28.02
19.7
23.53
34.82
Depreciation Expense
11
13
16
20
24
23
20
25
27
25
29
28
28
29
Net Income, GAAP
754
704
749
881
1,126
1,641
1,964
1,860
1,709
1,753
1,287
800
1,148
1,315
Effective Tax Rate (%)
21.04
21.52
20.81
20.06
19.91
20.02
20.29
19.95
20.23
19.93
21.59
22.96
21.94
21.81
Profit Margin (%)
32.9
27.14
28.82
31.95
36.76
46.29
50.78
48.55
44.86
44.1
31.34
21.36
35.66
43.42
Working Capital
120
1,847
-1,772
-8,156
-3,797
-6,295
-11,448
7,252
182
2,580
3,108
3,120
1,953
2,650
LT Debt
14,408
14,814
11,393
7,722
15,896
17,309
13,102
25,700
18,846
24,473
24,596
18,677
11,596
11,386
Total Equity
3,223
3,879
4,564
5,009
5,627
7,195
7,671
10,819
11,567
12,361
12,685
13,364
14,074
14,089
Return on Invested Capital (%)
3.37
2.67
2.75
2.35
2.71
3.46
3.73
3.28
2.86
2.71
1.67
0.81
1.64
2.34
Return on Capital (%)
3.32
5.73
5.54
5.32
5.13
3.85
4.08
3.82
3.57
3.46
2.4
1.53
2.53
3.23
Return on Common Equity (%)
26.31
19.83
17.73
18.41
21.17
25.59
26.42
20.12
15.27
14.65
10.28
6.14
8.37
9.55

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,590
15,483
12,407
LT Borrowings
11,582
8,973
11,371
LT Finance Leases
14
17
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,229
6,229
6,229
Market Capitalization
10,839
10,029
10,839

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
17,194
16,312
15,939
Cash, Cash Equivalents & STI
1,215
738
851
Accounts Receivable, Net
15,213
14,750
14,366
Inventories
- -
- -
- -
Total Current Liabilities
15,241
16,259
13,290
Payables & Accruals
414
545
648
ST Debt
14,590
15,483
12,407
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.46%
5.41%
5.31%
Free Cash Flow
-476.08%
-23.97%
17.91%
Net Income, GAAP
7.91%
-5.31%
43.44%
Sales/Revenue/Turnover
2.54%
-3.16%
-14.08%
Total Cash Common Dividend
268.96%
51.23%
284.99%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
982
948
924
892
3,746
2025
848
820
789
761
3,218
2026
745
733
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
- -
- -
0.02
2025
- -
0.07
- -
- -
0.07
2026
- -
0.11
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kovit Rongwattanasophon
Full Time Employees
591
Sector
Finance
Industry
Finance/Rental/Leasing
Address
77/35-36, Sinsathorn Tower Building Bangkok BM Thailand 10600
IPO Date
Dec 19, 2002
Website
ratchthani.com
Similar Companies
SoFi Technologies, Inc. (NASDAQ:SOFI)
Visa Inc. (NYSE:V)
Bajaj Finance Limited (NSE:BAJFINANCE)
Mastercard Incorporated (NYSE:MA)
American Express Company (NYSE:AXP)
One 97 Communications Ltd. (NSE:PAYTM)
Business
Ratchthani Leasing Public Company Limited engages primarily in providing hire-purchase and financial lease services for commercial and personal vehicles throughout Thailand, focusing on new and used cars including trucks, commercial vehicles, luxury cars, motorcycles, and taxis. Its main products and services include hire-purchase loans for new and used automobiles; refinancing and car title loans; financial leasing; loans to car dealerships through floor plan financing; auto and property insurance brokerage services; and after-sales services such as annual car registration renewal, insurance policy renewal coordination, car inspections for tax purposes, auctions, and specialized services like "Truck to You." The company also offers credit services related to vehicle registration and insurance for its customers. Established in 1988 and headquartered in Bangkok, Ratchthani Leasing operates as a subsidiary of Thanachart SPV1 Co., Ltd. In the past two years, Ratchthani Leasing has expanded its service footprint regionally within Thailand, enhancing its product offerings by securing authorization from the Ministry of Finance to engage in personal loans and nano-finance under regulatory supervision, initially focusing on title loans to improve customer liquidity. The company continues to invest in technological development to increase operational efficiency and service delivery. It also pursues strategic growth by expanding branch networks to better serve diverse geographic markets and customer segments, including retail clients and car dealers. Its business segments are categorized into new car loans, used car loans, and ancillary services, underscoring a comprehensive financial service model tailored to the automotive sector. Ratchthani Leasing’s evolving service portfolio reflects an emphasis on integrating complementary services such as insurance brokerage—both non-life and life insurance—to offer one-stop financial solutions to customers. The company maintains a market focus on financing vehicles primarily from Japanese manufacturers like Toyota, Honda, Mitsubishi, Nissan, and Isuzu, targeting both individual retail consumers and commercial enterprises. This integrated approach, combined with ongoing technological and geographic expansion, positions Ratchthani Leasing as a significant player in Thailand’s automotive finance and leasing industry. The company remains listed on the Stock Exchange of Thailand under ticker THANI and reports audited consolidated financial statements annually.