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Thai Agro Energy Public Company Limited

Thai Agro Energy Public Company Limited

TAE.BK
Thai Agro Energy Public Company LimitedTH flagStock Exchange of Thailand
1.53
THB
+0.08
- -
1.53BMarket Cap
Thai Agro Energy Public Company Limited
TAE.BK
(Stock Exchange of Thailand)

Recent

price

1.53

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
1.69
2.07
2.72
2.6
2.42
2.47
2.7
2.53
2.41
2.21
2.03
2.64
2.26
1.95
2.09
Revenue per Share
- -
0.21
0.15
0.24
0.24
0.18
0.05
0.29
0.51
0.07
-0.06
-0.08
0.03
0.02
-0.01
0.12
Basic EPS, GAAP
- -
0.27
-0.41
-0.27
0.31
0.34
0.42
-0.64
0.15
0.84
-0.15
-0.3
0.6
0.18
0.03
0.2
Free Cash Flow per Basic Share
- -
- -
0.03
0.2
0.15
0.15
0.15
0.15
0.35
0.2
0.03
- -
- -
- -
- -
- -
Dividend per Share
- -
1.36
1.25
1.44
1.41
1.54
1.15
1.29
1.45
1.32
1.22
1.14
1.17
1.19
1.18
1.31
Book Value per Share
- -
1.36
1.37
1.75
1.7
1.73
1.63
1.77
1.93
1.8
1.7
1.62
1.65
1.67
1.66
1.79
Tangible Book Value per Share
- -
800
800
917
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Basic Weighted Avg Shares
- -
1,350
1,659
2,496
2,600
2,415
2,471
2,696
2,534
2,406
2,207
2,030
2,645
2,262
1,950
2,094
Sales/Revenue/Turnover
- -
16.2
10.81
11.44
11.92
9.48
6.25
13.53
22.35
4.83
-1.66
-2.25
4.01
4.22
2.35
9.15
Operating Margin (%)
- -
86
99
106
122
125
147
159
167
176
171
170
184
187
181
179
Depreciation Expense
- -
164
118
219
244
178
49
294
514
70
-58
-76
30
22
-8
118
Net Income, GAAP
- -
0.87
- -
3.92
6.05
6.77
- -
8.54
3.04
7.96
- -
- -
20.33
22.52
- -
14.25
Effective Tax Rate (%)
- -
12.15
7.09
8.79
9.39
7.37
1.98
10.92
20.27
2.92
-2.65
-3.74
1.14
0.99
-0.42
5.65
Profit Margin (%)
-1,283
-561
-470
-296
-287
-465
-773
-460
-423
-683
-457
-716
-723
-657
-620
-437
Working Capital
- -
540
658
482
302
122
3
527
469
343
591
341
216
117
17
16
LT Debt
923
1,087
1,101
1,609
1,704
1,732
1,628
1,772
1,936
1,799
1,701
1,623
1,654
1,676
1,663
1,789
Total Equity
- -
9.21
- -
9.27
9.12
6.91
- -
10.68
14.56
2.99
- -
- -
2.6
2.54
- -
5.99
Return on Invested Capital (%)
- -
6.97
- -
9.92
10.03
7.49
- -
12.59
16.75
3.46
- -
- -
3.09
2.94
- -
7.27
Return on Capital (%)
- -
16.33
11.28
18.9
17.87
12.05
3.63
24.15
37.42
5.06
-4.6
-6.43
2.62
1.9
-0.68
9.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,039
1,112
880
LT Borrowings
- -
- -
- -
LT Finance Leases
19
17
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,000
1,000
1,000
Market Capitalization
580
500
1,190

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
425
561
572
Cash, Cash Equivalents & STI
18
30
21
Accounts Receivable, Net
137
128
169
Inventories
237
143
309
Total Current Liabilities
1,109
1,181
1,008
Payables & Accruals
61
57
113
ST Debt
1,039
1,112
880
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.09%
-1.5%
-0.76%
Free Cash Flow
-36.24%
-92.66%
-80.92%
Net Income, GAAP
-6.42%
-91.02%
-136.18%
Sales/Revenue/Turnover
-2.1%
-2.85%
-13.8%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
645
752
452
413
2,262
2025
466
588
465
431
1,950
2026
610
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.03
0.01
- -
0.02
2025
- -
-0.02
-0.01
- -
-0.01
2026
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Thai Agro Energy Public Company Limited engages in the production and distribution of ethanol for fuel use, operating primarily through two segments: Ethanol and Soil Conditioner. The company manufactures ethanol with a purity of 99.5 percent by volume, utilizing raw materials including molasses and cassava. In addition to ethanol, it produces and sells bio potassium humate, a soil conditioner product that enhances soil quality by improving nutrient absorption, water retention, and soil structure. Thai Agro Energy holds investment promotion certificates from the Board of Investment of Thailand and operates manufacturing facilities in Thailand with advanced production technologies licensed from French company Maguin Interis. Founded in 2001, the company is headquartered in Bangkok, Thailand, and is a subsidiary of Lanna Resources Public Company Limited. Recent significant developments include the acquisition of a 95.28 percent stake in Thai Agro Energy by Sunrise Equity Company Limited and Siam City Cement Public Company Limited in 2024, valued at approximately THB 800 million. This transaction, completed in late 2024, represents a strategic alliance aimed at business expansion and integration with related industries. Thai Agro Energy has also emphasized operational enhancements, energy conservation through bio-gas utilization, and the launch of innovative agricultural products such as bio potassium humate to support sustainable agriculture. The acquisition positions the company for growth under its new majority shareholders, who bring resources and expertise in cement and construction materials, potentially providing backward integration opportunities. Thai Agro Energy serves markets within Thailand, focusing on the renewable fuel sector and agricultural inputs, targeting fuel vendors and agricultural producers. Its product offerings include ethanol fuel, fuel oil, and soil conditioners that promote sustainable farming practices. The company leverages modern manufacturing technology and environmental management systems to maintain its competitive position in the fuel ethanol and soil conditioner industries. These changes highlight Thai Agro Energy's strategic shift towards integrated sustainable energy and agricultural solutions, supported by recent ownership restructuring and new product development. The company continues to operate from its Bangkok headquarters, maintaining its role as a key player in Thailand's biofuel and agricultural chemical sectors.