Turnkey Communication Services Public Company Limited

Turnkey Communication Services Public Company Limited

8.25
THB
-0.10
(-1.20%)
0.60EPS
13.83P/E
3.38BMarket Cap
Turnkey Communication Services Public Company Limited
SET:TKC
(Stock Exchange of Thailand)

Recent

price

8.25

P/E

ratio

13.83

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
- -
4.73
12.22
16.35
9.59
7.31
8.29
12.35
6.06
5.79
6.46
Revenue per Share
- -
0.35
0.72
1.41
0.78
0.67
0.82
0.76
0.53
0.43
0.61
Basic EPS, GAAP
- -
-2.22
1.57
0.48
2.62
0.05
-0.86
-3.68
-0.15
-0.54
-0.03
Free Cash Flow per Basic Share
- -
0.4
0.18
0.82
0.53
1.86
0.51
0.38
0.15
0.2
- -
Dividend per Share
0.75
0.8
0.96
1.95
2.16
1.22
6.17
9.78
10.16
10.38
10.55
Book Value per Share
0.74
0.8
0.95
1.93
2.14
1.21
6.16
9.76
10.14
9.92
10.08
Tangible Book Value per Share
300
300
300
300
300
300
297
312
400
400
404
Basic Weighted Avg Shares
- -
1,420
3,667
4,905
2,877
2,194
2,459
3,858
2,425
2,315
2,612
Sales/Revenue/Turnover
- -
7.68
8.84
11.51
11.14
12.59
12.97
7.89
7.89
1.72
3.93
Operating Margin (%)
- -
8
8
8
12
13
15
15
16
17
30
Depreciation Expense
- -
104
216
423
233
201
243
237
213
172
247
Net Income, GAAP
- -
23.76
20.67
20.26
24.46
20.89
20.6
21.57
11.33
4.01
7
Effective Tax Rate (%)
- -
7.31
5.89
8.62
8.09
9.16
9.89
6.14
8.77
7.42
9.45
Profit Margin (%)
174
157
157
341
441
49
1,411
1,290
1,445
1,110
1,304
Working Capital
4
3
5
4
3
2
- -
2
51
523
409
LT Debt
224
239
285
584
648
367
1,851
3,911
4,060
4,149
4,211
Total Equity
- -
12.2
35.36
51.27
27.59
36.39
20.87
7.58
3.68
0.73
1.81
Return on Invested Capital (%)
- -
18.01
33.01
52.57
28.04
34.13
20.4
7.91
5.35
4.25
5.87
Return on Capital (%)
- -
44.55
81.71
97.15
37.83
39.63
21.94
8.22
5.34
4.18
5.97
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,059
1,007
1,113
LT Borrowings
522
464
406
LT Finance Leases
1
2
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
400
400
400
Market Capitalization
3,600
2,980
3,380

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,696
2,848
3,447
Cash, Cash Equivalents & STI
8
90
40
Accounts Receivable, Net
972
984
1,425
Inventories
23
170
105
Total Current Liabilities
1,586
1,621
2,143
Payables & Accruals
358
416
832
ST Debt
1,059
1,007
1,113
Deferred Revenue
104
137
107

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
95.6%
2.18%
Free Cash Flow
- -
-274.23%
267%
Net Income, GAAP
- -
-4.94%
-19.29%
Sales/Revenue/Turnover
- -
0.71%
-4.54%
Total Cash Common Dividend
- -
27.7%
33.33%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
803
525
447
651
2,425
2025
838
404
561
512
2,315
2026
516
1,024
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.21
0.13
-0.02
0.53
2025
0.13
0.05
0.14
0.11
0.43
2026
0.14
0.22
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.15
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
- -
Business
Turnkey Communication Services Public Company Limited Turnkey Communication Services Public Company Limited (TKC.BK) provides engineering, design, installation, and trading services in the telecommunications, information and communication technology (ICT), enterprise, and public safety sectors. The company offers core products and services including network planning, design, and installation for GSM, WCDMA, LTE-A, 5G, trunked radio, DAS, small cell, and FTTx systems; transmission networks such as DWDM and MSAN; communication systems for large buildings; drive/walk testing and mobile network optimization; public safety solutions encompassing national security, big data analytics, CDR analytics, cyber defense, web intelligence, network monitoring, and massive CCTV systems; enterprise offerings like IoT, broadband, smart city infrastructure, data centers, cloud computing, routing and switching, wired/wireless networks, and IT security; as well as managed services for telecom, IT, and public safety. It primarily serves telecom operators, public and private organizations, large-scale projects, and sectors including cybersecurity and data centers in Thailand. Founded in 2002 and headquartered in Bangkok, Thailand, the company operates through three main segments: Distribution Business, Services Business, and Information Engineering Business, with a focus on turnkey projects for mobile and wired communications, massive ICT deployments, and distributor/installer role for leading global communication systems. TKC holds international certifications such as ISO 9001:2015 for quality management, ISO 45001:2018 for occupational health and safety, ISO/IEC 27001:2022 for information security, Carbon Footprint for Organization (CFO), and others, underscoring its commitment to sustainable engineering standards. In recent developments, Turnkey Communication Services Public Company Limited launched a partial tender offer in 2025 to acquire an additional 10% stake in Advanced Information Technology Public Company Limited (AIT), increasing its ownership to 34.90% for THB 798.94 million, financed by credit facilities from Land and Houses Bank Public Company Limited and Kasikornbank Public Company Limited KASIKORNBANK PCL; the transaction received shareholder approval and proceeded with a revised tender offer period from June 4 to July 16, 2025. The company reported revenue of 1,820.68 million Baht for the first nine months of 2025 and released reviewed financial statements and management discussion for Q3 2025 on November 13, 2025, reflecting ongoing operational growth. Additionally, TKC achieved a "Good" level in the 2025 AGM Checklist from the Thai Investors Association, highlighting strengthened corporate governance.