1. Thailand Stocks

  2. •

    Utilities

  3. •

    Water utilities
TTW Public Company Limited

TTW Public Company Limited

9.95
THB
-0.05
(-0.50%)
0.79EPS
12.55P/E
39.30BMarket 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
1.3
1.35
1.36
1.35
1.41
1.48
1.53
1.55
1.46
1.43
1.46
1.28
1.31
1.32
Basic EPS, GAAP
0.65
0.74
0.67
0.62
0.67
0.71
0.78
0.74
0.78
0.74
0.73
0.7
0.82
0.78
Free Cash Flow per Basic Share
0.75
0.88
0.67
0.38
0.75
0.95
0.96
0.93
0.85
0.88
0.89
0.65
0.72
0.79
Dividend per Share
0.55
0.65
0.65
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
0.6
Book Value per Share
2.75
2.85
2.85
2.88
2.97
3.09
3.28
3.42
3.55
3.69
3.82
3.93
4.17
4.2
Tangible Book Value per Share
1.95
2.11
2.18
2.26
2.41
2.59
2.84
3.05
3.23
3.43
3.61
3.72
3.98
4
Basic Weighted Avg Shares
3,990
3,990
3,990
3,990
3,975
4,003
3,990
3,990
3,990
3,990
3,990
3,990
3,990
3,990
Sales/Revenue/Turnover
5,182
5,383
5,430
5,379
5,595
5,926
6,113
6,180
5,806
5,691
5,827
5,098
5,238
5,285
Operating Margin (%)
59.02
62.43
62.2
63.18
63.05
62
63.05
61.82
59.79
56.08
56.86
62.21
63.6
62.72
Depreciation Expense
891
890
889
897
980
1,062
1,121
1,166
1,229
1,333
1,186
643
661
743
Net Income, GAAP
2,574
2,972
2,681
2,476
2,663
2,842
3,128
2,951
3,104
2,967
2,932
2,791
3,266
3,132
Effective Tax Rate (%)
16.6
4.97
12.3
19.58
19.08
17.72
18.13
18.74
17.26
18.06
16.82
18.04
16.82
17.21
Profit Margin (%)
49.66
55.21
49.37
46.02
47.6
47.96
51.17
47.76
53.46
52.13
50.33
54.75
62.35
59.26
Working Capital
3,710
5,441
4,034
3,429
1,233
1,672
-434
2,611
1,207
2,192
2,430
627
2,177
1,104
LT Debt
10,723
11,509
11,837
12,248
9,190
8,256
5,696
7,557
5,089
4,324
3,657
1,587
5,329
4,024
Total Equity
11,011
11,390
11,430
11,535
11,878
12,365
13,125
13,700
14,195
14,750
15,282
15,711
16,697
16,783
Return on Invested Capital (%)
10.55
13.36
11.89
10.67
11.9
13.24
13.86
13.8
12.95
12.14
13.49
13.16
13
12.96
Return on Capital (%)
12.76
14.68
12.71
11.07
12.55
13.87
14.94
14.21
15.05
14.56
15.07
14.83
15.96
15.48
Return on Common Equity (%)
23.83
26.62
23.57
21.64
22.83
23.53
24.63
22.08
22.32
20.56
19.58
18.06
20.21
19.13

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
653
1,593
1,578
LT Borrowings
5,292
4,145
3,992
LT Finance Leases
37
32
32
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,990
3,990
3,990
Market Capitalization
36,110
36,509
39,302

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,386
3,829
3,213
Cash, Cash Equivalents & STI
2,828
3,260
2,660
Accounts Receivable, Net
487
484
474
Inventories
32
31
30
Total Current Liabilities
1,209
2,250
2,108
Payables & Accruals
493
598
470
ST Debt
653
1,593
1,578
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.88%
4.04%
6.28%
Free Cash Flow
5.69%
-4.04%
10.96%
Net Income, GAAP
2.28%
2.36%
17.02%
Sales/Revenue/Turnover
-0.21%
-3.08%
2.76%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,249
1,277
1,287
1,284
5,098
2025
1,279
1,299
1,325
1,336
5,238
2026
1,296
1,328
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.16
0.23
0.19
0.7
2025
0.17
0.2
0.24
0.21
0.82
2026
0.17
0.16
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.3
0.3
- -
0.6
2025
- -
0.3
0.3
- -
0.6
2026
- -
0.3
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Walainut Trivisvavet
Full Time Employees
226
Sector
Utilities
Industry
Water utilities
Address
30/130 Moo 12 Sam Phran NPT Thailand 73210
IPO Date
May 22, 2008
Website
ttwplc.com
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Business
TTW Public Company Limited (TTW.BK), a Thailand-based utility company founded in 2000 and headquartered in Sam Phran, Nakhon Pathom Province, engages primarily in the production and distribution of treated tap water sourced from the Tha Chin River to the Provincial Waterworks Authority serving the Amphur Nakhon Chaisri, Amphur Sam Phran, and Amphur Budha Monthon areas of Nakhon Pathom Province as well as Amphur Muang and Amphur Kratumban areas of Samut Sakhon Province; the company also provides water treatment and maintenance services, wastewater treatment system management, and operation and maintenance of water supply projects, with a focus on industrial estates including Bang Pa-In and Amata Nakorn to support household, commercial, and industrial customers through an integrated closed-loop water management model emphasizing quality, safety, and sustainability in line with international standards. TTW operates predominantly in the regulated water utilities sector within Thailand's utilities industry, alongside investments in energy through subsidiaries such as Fumani Water Company Limited and Thai Water Operations Company Limited, and an associated company, CK Power Public Company Limited, involved in electricity production from various energy sources. In recent developments, the company completed the acquisition of a 10% stake in LPCL, a hydroelectric power generation company in Laos, during 2025 to diversify its energy portfolio and enhance operational sustainability; it has also invested in infrastructure upgrades such as boosting stations and water meters to improve distribution efficiency for industrial clients, while advancing ESG-driven initiatives including digital supply chain tools for sustainable governance. Formerly known as Thai Tap Water Supply Public Company Limited until its name change in March 2014, TTW maintains stable cash flows from its core regulated operations and positions itself for growth in Southeast Asia's expanding utilities demand through strategic expansions in water and energy sectors.