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TQM Alpha Public Company Limited

TQM Alpha Public Company Limited

14.30
THB
+0.20
(+1.42%)
1.27EPS
12.40P/E
8.46BMarket Cap
Nov 12Next Earn
TQM Alpha Public Company Limited
SET:TQM.R
(Stock Exchange of Thailand)

Recent

price

14.30

P/E

ratio

12.40

div

yld

8.44%

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
- -
3.6
3.65
5.02
5.48
4.6
5.21
5.89
6.04
6.22
6.6
6.49
6.33
Revenue per Share
- -
- -
0.06
0.6
0.89
0.85
1.17
1.48
1.35
1.36
1.35
1.23
1.17
Basic EPS, GAAP
- -
0.35
0.35
0.37
0.49
0.78
1.05
1.46
0.6
1.14
0.71
0.97
1.18
Free Cash Flow per Basic Share
- -
0.09
0.68
0.5
0.7
0.47
1.05
1.37
1.34
1.15
1.08
1.12
1.21
Dividend per Share
- -
0.01
0.56
0.63
3.58
3.92
4
4.46
4.28
4.52
4.8
4.9
4.78
Book Value per Share
- -
-0.02
0.54
0.61
3.56
3.89
3.96
3.18
3.11
3.46
3.86
4.05
3.99
Tangible Book Value per Share
600
600
600
450
456
600
600
600
600
600
600
600
600
Basic Weighted Avg Shares
- -
2,159
2,191
2,258
2,501
2,760
3,125
3,535
3,623
3,732
3,958
3,891
3,798
Sales/Revenue/Turnover
- -
4.99
8.88
13.75
19.08
22.19
27.57
30.43
27.87
28.93
27.64
24.52
23.76
Operating Margin (%)
- -
56
56
50
50
42
147
177
230
231
224
218
213
Depreciation Expense
- -
- -
38
268
404
507
702
890
809
816
811
737
701
Net Income, GAAP
- -
24.54
22.45
19.73
19.26
18.66
19.23
18.85
20.32
20.7
19.97
19.76
18.88
Effective Tax Rate (%)
- -
- -
1.75
11.88
16.16
18.38
22.46
25.19
22.34
21.87
20.49
18.94
18.46
Profit Margin (%)
- -
267
198
137
1,665
1,673
1,519
1,714
1,351
1,941
2,019
2,132
2,008
Working Capital
- -
- -
- -
- -
- -
- -
494
411
316
574
338
364
336
LT Debt
- -
407
336
376
2,145
2,350
2,400
3,470
3,158
3,274
3,455
3,451
3,324
Total Equity
- -
39.88
40.47
70.02
30.38
20.78
24.77
-27.16
-21.36
20.16
18.88
16.07
16.01
Return on Invested Capital (%)
- -
-68.88
-27.38
75.35
32.06
22.57
26.34
25.55
19.24
18.55
17.18
14.63
14.13
Return on Capital (%)
- -
-0.13
22.46
75.35
32.06
22.57
29.56
35.08
30.85
30.89
28.98
25.45
24.87
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,301
1,365
1,441
LT Borrowings
92
92
92
LT Finance Leases
272
265
244
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
594
592
584
Market Capitalization
6,828
7,286
8,464

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,185
4,458
4,231
Cash, Cash Equivalents & STI
1,529
1,934
1,727
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2,053
2,128
2,222
Payables & Accruals
562
527
564
ST Debt
1,301
1,365
1,441
Deferred Revenue
118
143
141

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.09%
8.94%
-0.13%
Free Cash Flow
22.9%
14.15%
36.53%
Net Income, GAAP
-106,330.8%
1.76%
-9.13%
Sales/Revenue/Turnover
6.19%
4.6%
-1.69%
Total Cash Common Dividend
80.54%
2.36%
3.97%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,078
972
970
939
3,958
2025
1,102
947
879
963
3,891
2026
1,001
955
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.33
0.35
0.29
1.35
2025
0.38
0.27
0.27
0.31
1.23
2026
0.31
0.29
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.58
0.5
- -
1.08
2025
- -
0.58
0.54
- -
1.12
2026
- -
0.66
- -
- -
- -
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Business
TQM Alpha Public Company Limited is a Thailand-based holding company specializing in insurance brokerage services and financial solutions. The company’s core products and services include individual and group life insurance; non-life insurance products such as motor, non-motor, health, and accident insurance; reinsurance brokerage; insurance claims consulting; personal loans; IT and software services; procurement and consulting for computer software and hardware; and secured loan advisory services. It operates through multiple subsidiaries including TQM Insurance Broker Company Limited and others, serving customers primarily in the Thai market. Founded in 2011 and headquartered in Bangkok, TQM Alpha also emphasizes technology platforms that support insurance and financial businesses for enhanced customer service. Recently, the company completed the acquisition of a 40% stake in Builk One Group Company Limited for approximately THB 250 million and launched the TQM Beside mobile application to strengthen communication channels. Additionally, it has formed partnerships such as with Prudential Thailand to expand life insurance access. The company transitioned its name from TQM Corporation Public Company Limited to TQM Alpha Public Company Limited in May 2022 and continues to pursue strategic expansions, holding its position as a leading insurance broker in Thailand with over 3 million active customers and total revenue approaching 4 billion baht in 2024.