1. Thailand Stocks

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    Utilities

  3. •

    Water utilities
WHA Utilities and Power Public Company Limited

WHA Utilities and Power Public Company Limited

6.65
THB
-0.10
(-1.48%)
0.39EPS
18.36P/E
27.54BMarket Cap
Nov 06Next 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
- -
0.38
0.41
0.63
0.45
0.45
0.49
0.44
0.57
0.64
0.73
0.76
0.84
0.98
Basic EPS, GAAP
- -
0.41
0.32
0.16
0.54
0.59
0.56
0.21
0.19
0.12
0.43
0.29
0.27
0.39
Free Cash Flow per Basic Share
- -
-0.01
-0.01
-0.94
0.14
0.11
0.1
0.23
0.23
-0.17
0.03
-0.01
0.1
0.2
Dividend per Share
- -
- -
- -
- -
- -
0.2
0.3
0.25
0.25
0.22
0.16
0.25
0.25
0.25
Book Value per Share
0.2
0.21
0.24
1.94
3.29
3.67
3.54
3.18
3.24
3.3
3.55
3.55
3.53
3.56
Tangible Book Value per Share
0.09
0.1
-0.42
0.65
2.01
2.4
2.29
1.93
2
2.08
2.33
2.34
2.33
2.37
Basic Weighted Avg Shares
3,825
3,825
3,825
2,332
3,664
3,825
3,825
3,825
3,825
3,825
3,825
3,825
3,825
3,789
Sales/Revenue/Turnover
- -
1,449
1,552
1,468
1,634
1,708
1,857
1,698
2,181
2,443
2,782
2,926
3,194
3,709
Operating Margin (%)
- -
22.84
28.98
30.57
23.78
26.78
26.67
18.29
20.7
21.65
26.15
24.24
28.2
35.56
Depreciation Expense
- -
72
87
160
181
190
205
265
323
367
436
508
575
606
Net Income, GAAP
- -
1,562
1,221
369
1,981
2,252
2,137
813
736
454
1,631
1,119
1,016
1,486
Effective Tax Rate (%)
- -
- -
- -
4.06
0.91
2.13
1.97
1.36
1.9
9.17
1.88
1.47
8.33
9.01
Profit Margin (%)
- -
107.83
78.64
25.18
121.25
131.82
115.07
47.86
33.73
18.59
58.64
38.24
31.82
40.06
Working Capital
-662
-889
-1,204
-689
1,696
1,839
-4,407
-825
-3,686
-3,657
-2,303
-1,523
-2,439
-1,338
LT Debt
- -
- -
- -
7,930
7,930
8,988
5,869
10,462
7,881
9,523
11,396
13,284
12,998
14,598
Total Equity
781
809
10,100
7,419
12,577
14,049
13,559
12,157
12,384
12,621
13,567
13,562
13,492
13,617
Return on Invested Capital (%)
- -
- -
- -
2.94
2.01
2.06
2.01
1.21
1.77
1.87
2.58
2.38
2.73
3.93
Return on Capital (%)
- -
- -
- -
0.34
12.63
11.94
10.06
4.74
4.37
3.07
7.4
5.45
4.87
6.32
Return on Common Equity (%)
- -
196.52
140.06
8.85
19.81
16.91
15.48
6.32
5.99
3.63
12.46
8.25
7.51
11.13

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,871
3,722
2,986
LT Borrowings
12,535
12,561
14,146
LT Finance Leases
462
456
453
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,825
3,825
3,825
Market Capitalization
16,065
17,060
27,540

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,162
2,277
2,508
Cash, Cash Equivalents & STI
1,201
834
1,511
Accounts Receivable, Net
365
1,076
619
Inventories
- -
- -
- -
Total Current Liabilities
4,600
4,596
3,846
Payables & Accruals
549
794
655
ST Debt
3,871
3,722
2,986
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.16%
2.15%
-0.52%
Free Cash Flow
307.65%
-315.07%
-1,153.3%
Net Income, GAAP
48.39%
34.17%
-9.16%
Sales/Revenue/Turnover
7.93%
13.74%
9.19%
Total Cash Common Dividend
- -
3.54%
-0.01%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
721
722
769
713
2,926
2025
705
765
956
769
3,194
2026
1,118
867
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.09
0.02
0.06
0.29
2025
0.06
0.04
0.13
0.04
0.27
2026
0.08
0.14
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.2
- -
0.06
0.25
2025
- -
0.21
- -
0.06
0.25
2026
- -
0.19
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Akarin Prathuangsit
Full Time Employees
64
Sector
Utilities
Industry
Water utilities
Address
777 WHA TOWER Bangkok SP Thailand 10540
IPO Date
Apr 10, 2017
Website
wha-up.com
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Business
WHA Utilities and Power Public Company Limited offers comprehensive utilities and energy solutions across Thailand and internationally. The company operates through distinct Water and Power segments, alongside a Holding Company segment. In its water operations, it supplies raw and industrial water, including specialized demineralized water, and delivers wastewater treatment services to industrial estates, industrial lands, and various other clients. The power business involves generating and distributing electricity from a diverse portfolio of sources, such as natural gas, coal, solar, and waste-to-energy, while also managing natural gas distribution projects. Established in 2008 as Hemaraj Clean Water Company Limited, the firm rebranded to WHA Utilities and Power Public Company Limited in August 2016. Headquartered in Samut Prakan, Thailand, it functions as a subsidiary of WHA Industrial Development Public Company Limited. The company is actively expanding its services, notably targeting high-demand data center clients and investing in renewable energy and smart utility solutions for sustainable growth.