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  3. •

    Marine shipping
WICE Logistics Public Company Limited

WICE Logistics Public Company Limited

3.08
THB
+0.08
(+2.67%)
0.09EPS
17.91P/E
1.63BMarket Cap
Nov 18Next Earn
WICE Logistics Public Company Limited
SET:WICE.R
(Stock Exchange of Thailand)

Recent

price

3.08

P/E

ratio

17.91

div

yld

4.88%

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
1.66
1.34
1.65
2.14
2.81
3.41
6.13
11.71
10.9
5.73
6.4
7.26
8.06
Revenue per Share
0.15
0.12
0.12
0.14
0.15
0.1
0.31
0.82
0.85
0.25
0.15
0.19
0.14
Basic EPS, GAAP
0.03
0.04
0.09
0.16
0.13
0.04
0.38
0.85
1.22
0.23
0.06
0.39
0.15
Free Cash Flow per Basic Share
0.01
0.11
0.07
0.11
0.15
0.15
0.12
0.16
0.27
0.58
0.24
0.14
0.15
Dividend per Share
0.46
1
1.19
1.25
1.26
1.22
1.35
1.99
2.51
2.27
2.12
2.13
2.12
Book Value per Share
0.46
1
0.64
0.72
0.66
0.59
0.75
1.41
1.83
1.59
1.45
1.49
1.49
Tangible Book Value per Share
404
510
620
652
652
652
652
652
652
645
641
641
641
Basic Weighted Avg Shares
670
682
1,022
1,396
1,832
2,221
3,996
7,637
7,103
3,699
4,099
4,656
5,168
Sales/Revenue/Turnover
12.03
10.86
9.72
9.38
7.91
3.23
8.38
9.8
10.87
6.05
2.39
2.16
0.79
Operating Margin (%)
11
13
24
28
32
42
61
73
109
136
153
171
191
Depreciation Expense
62
61
77
90
96
62
201
536
554
164
98
122
91
Net Income, GAAP
20.84
16.64
16.74
17.78
18.74
32.09
14.96
19.2
21.04
17.24
34.42
6.3
19.93
Effective Tax Rate (%)
9.32
8.89
7.55
6.42
5.25
2.79
5.03
7.01
7.8
4.44
2.38
2.62
1.76
Profit Margin (%)
171
453
392
455
440
406
557
947
1,166
1,127
876
853
813
Working Capital
12
8
1
- -
7
52
124
261
220
171
146
199
179
LT Debt
278
601
862
900
957
887
976
1,502
1,872
1,865
1,740
1,703
1,673
Total Equity
- -
13.25
10.96
12
12.42
4.94
26.03
40.21
28.34
9.92
3.07
4.68
1.66
Return on Invested Capital (%)
- -
13.34
9.75
8.13
8.84
8.73
12.75
30.46
25.49
6.67
5.84
6.41
6.59
Return on Capital (%)
- -
13.79
11.2
11.27
11.74
7.66
24.07
49.25
37.73
10.62
6.95
8.98
6.83
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
120
126
125
LT Borrowings
49
47
44
LT Finance Leases
150
149
135
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
641
641
641
Market Capitalization
1,461
1,513
1,628

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,904
1,986
2,117
Cash, Cash Equivalents & STI
561
542
441
Accounts Receivable, Net
987
1,087
1,359
Inventories
- -
- -
- -
Total Current Liabilities
1,050
1,126
1,304
Payables & Accruals
876
939
1,139
ST Debt
120
126
125
Deferred Revenue
29
29
9

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.63%
13.88%
-2.14%
Free Cash Flow
148.3%
102.42%
500.77%
Net Income, GAAP
32.36%
16.78%
24.97%
Sales/Revenue/Turnover
27.96%
12.13%
13.59%
Total Cash Common Dividend
17.79%
23.59%
-39.91%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
963
1,075
1,131
931
4,099
2025
1,060
1,229
1,207
1,160
4,656
2026
1,311
1,490
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.12
0.03
-0.05
0.15
2025
0.09
0.04
0.04
0.02
0.19
2026
0.03
0.05
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.24
- -
- -
0.24
2025
- -
0.14
- -
- -
0.14
2026
- -
0.15
- -
- -
- -
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Business
Wice Logistics Public Company Limited WICE Logistics Public Company Limited (WICE.BK) operates as an integrated international logistics services and solutions provider, offering sea freight including full and less than container load services; air freight; cross-border trucking and transport; domestic transportation via trailer trucks, dump trucks, lorries and minivans; customs brokerage and clearance; warehousing in multi-user and dedicated models; supply chain solutions; and door-to-door as well as ex-works delivery options. The company serves industries such as electronics with a focus on Asia-Pacific trade routes, maintaining operations across Thailand, Singapore, Hong Kong with sub-branches in Guangzhou, Shanghai, Shenzhen, Ningbo, Kuala Lumpur, Johor Bahru, Penang, Malaysia, Vietnam and China. Founded in 1993 and headquartered in Bangkok, Thailand at 88/8 Nonsee Road, Chong-Nonsee, Yannawa, Wice Logistics Public Company Limited changed its name from Wice Freight Services (Thailand) Company Limited in April 2015 and listed on the Stock Exchange of Thailand in July 2015. Subsidiaries include WICE Supply Chain Solutions Company Limited for warehousing and management; fully owned WICE Logistics (Singapore) Pte. Ltd. acquired in phases concluding in 2020; fully owned WICE Logistics (Hong Kong) Ltd. acquired in phases concluding in 2020 with multiple China branches; and a majority stake of 51% in Euroasia Total Logistics Company Limited (ETL), a joint venture established in 2018 for cross-border services expanded into Malaysia, Vietnam and China. Recent developments encompass a shared service agreement with Euroasia Total Logistics Public Company Limited valued at THB 4.356 million and ongoing business growth projections for 2025 driven by cold chain fruit exports and sea freight strength.