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Sino-Thai Engineering and Construction Public Company Limited

Sino-Thai Engineering and Construction Public Company Limited

STEC.BK
Sino-Thai Engineering and Construction Public Company LimitedTH flagStock Exchange of Thailand
6.50
THB
+1.50
- -
9.91BMarket Cap
Sino-Thai Engineering and Construction Public Company Limited
STEC.BK
(Stock Exchange of Thailand)

Recent

price

6.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
9.65
7.94
6.09
9.74
13.03
14.62
14.2
12.02
11.77
13.15
18.05
21.57
23.5
18.15
19.88
19.41
22.77
Revenue per Share
0.12
0.2
0.29
0.59
0.72
1.14
1
1
0.91
-0.4
1.06
0.97
0.72
0.47
0.56
0.35
0.18
Basic EPS, GAAP
0.27
0.58
0.78
1.45
2.74
0.82
-1.2
-1.85
0.83
3.37
5.68
-0.27
0.17
2.56
1.02
-4.13
-1.82
Free Cash Flow per Basic Share
- -
- -
0.1
0.17
0.43
0.02
0.5
0.4
0.33
0.22
- -
0.5
0.3
0.3
0.25
0.3
0.17
Dividend per Share
0.08
1.08
1.27
2.17
2.42
3.52
4.02
4.62
5.19
4.55
5.62
6.05
6.5
6.67
6.98
7.04
7.78
Book Value per Share
2.91
2.96
3
3.72
4.01
5.1
5.61
6.23
6.94
6.19
7.36
9.58
9.65
11.39
13.04
11.85
12.62
Tangible Book Value per Share
1,525
1,525
1,525
1,525
1,525
1,525
1,525
1,525
1,525
1,527
1,525
1,530
1,525
1,525
1,525
1,525
1,356
Basic Weighted Avg Shares
14,717
12,108
9,291
14,854
19,872
22,294
21,652
18,331
17,953
20,075
27,537
32,992
35,841
27,675
30,326
29,598
30,870
Sales/Revenue/Turnover
2.19
2.84
4.51
5.48
6.13
7.34
7.8
7.32
6.01
-9.19
5.99
4.19
2.61
2.6
2.84
1.81
2
Operating Margin (%)
555
533
412
375
374
368
427
494
520
481
599
771
1,050
1,129
1,038
805
787
Depreciation Expense
178
305
444
904
1,096
1,733
1,521
1,527
1,381
-611
1,617
1,484
1,093
711
857
528
240
Net Income, GAAP
4.18
2.68
0.56
2.5
22.75
20.52
20.28
17.23
19.46
- -
19.51
17.91
17.62
17.95
17.77
15.95
31.78
Effective Tax Rate (%)
1.21
2.52
4.78
6.08
5.51
7.77
7.02
8.33
7.69
-3.04
5.87
4.5
3.05
2.57
2.83
1.78
0.78
Profit Margin (%)
674
1,246
1,758
1,682
2,261
3,176
2,635
2,923
1,948
-490
-4,106
-8,330
-5,499
-6,108
-5,312
-6,061
-6,705
Working Capital
311
138
91
114
153
121
101
82
101
408
774
1,061
748
480
376
265
196
LT Debt
4,441
4,509
4,579
5,667
6,111
7,777
8,549
9,508
10,585
9,455
11,221
14,648
14,712
17,367
19,889
18,072
17,106
Total Equity
5.57
6.49
8.71
14.75
15.16
18
16.09
12.08
8.31
- -
11.55
7.94
4.63
3.32
3.64
2.05
2.06
Return on Invested Capital (%)
17.19
19.55
21.62
30.47
27.48
34.46
24.51
21.58
16.79
- -
17.53
14.26
9.45
6.01
7.44
3.96
2.17
Return on Capital (%)
- -
34.41
24.73
34.45
31.31
38.22
26.44
23.18
18.45
-8.21
20.83
16.64
11.4
7.08
8.24
4.93
2.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
5,082
4,760
4,705
LT Borrowings
- -
- -
- -
LT Finance Leases
265
227
196
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,525
1,525
1,525
Market Capitalization
12,999
14,324
12,202

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
20,636
21,211
20,211
Cash, Cash Equivalents & STI
5,310
5,244
3,923
Accounts Receivable, Net
3,611
3,980
3,796
Inventories
690
710
859
Total Current Liabilities
26,698
27,510
26,916
Payables & Accruals
8,914
8,674
9,179
ST Debt
5,082
4,760
4,705
Deferred Revenue
12,329
13,703
12,695

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.49%
10.88%
-9.14%
Free Cash Flow
57.94%
108.01%
-504.85%
Net Income, GAAP
-61.77%
-17.47%
-38.45%
Sales/Revenue/Turnover
4.16%
2.57%
-2.4%
Total Cash Common Dividend
- -
18.12%
19.99%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
7,620
6,759
7,437
8,509
30,326
2023
6,438
7,231
7,876
8,053
29,598
2024
6,484
8,457
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.15
0.11
0.09
- -
0.56
2023
0.11
0.1
0.08
- -
0.35
2024
0.01
0.02
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
0.24
- -
- -
0.25
2023
- -
0.3
- -
- -
0.3
2024
- -
0.18
- -
- -
- -
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Business
Sino-Thai Engineering and Construction Public Company Limited (STEC.BK) is a leading Thai construction firm engaged in engineering, procurement, construction, and project management services across multiple sectors. The company provides a comprehensive range of services including civil engineering works such as mass transit systems, highways, bridges, and airports; building construction encompassing commercial complexes, hospitals, and residential developments; electrical and mechanical systems installation; and industrial plant construction for power, petrochemical, and water treatment facilities. STEC offers specialized services in high-speed rail projects, tunneling, and foundation works, serving public sector clients, private developers, and international consortia primarily in Thailand with selective operations in neighboring Southeast Asian countries. Founded in 1974 and headquartered in Bangkok, Thailand, the company operates through subsidiaries focused on precast concrete production and equipment leasing, positioning it as a key player in Thailand's infrastructure and real estate segments targeting government infrastructure initiatives and urban development projects. In recent developments, STEC secured major contracts for Bangkok's mass transit expansions and airport upgrades in 2024-2025, formed strategic joint ventures with Chinese firms for high-speed rail projects, and completed a significant funding round to support backlog execution amid Thailand's infrastructure boom.