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TBN Corporation Public Company Limited

TBN Corporation Public Company Limited

TBN.BK
TBN Corporation Public Company LimitedTH flagStock Exchange of Thailand
3.58
THB
+0.02
- -
358.00MMarket Cap
TBN Corporation Public Company Limited
TBN.BK
(Stock Exchange of Thailand)

Recent

price

3.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.57
2.16
2.91
3.61
4.94
3.39
3.76
3.65
Revenue per Share
0.64
0.84
0.78
0.37
0.84
0.22
0.2
0.05
Basic EPS, GAAP
- -
0.99
0.74
-0.03
0.49
0.17
0.82
0.99
Free Cash Flow per Basic Share
- -
0.72
0.99
0.46
0.63
0.14
0.19
- -
Dividend per Share
0.55
0.66
0.48
0.69
1.11
1.05
1.04
0.98
Book Value per Share
0.55
0.71
0.57
0.75
5.65
5.05
5.02
4.97
Tangible Book Value per Share
100
100
100
100
89
100
100
100
Basic Weighted Avg Shares
157
216
291
361
438
339
376
365
Sales/Revenue/Turnover
42.18
43.06
34.82
12.48
20.56
5.39
5.5
0.9
Operating Margin (%)
- -
5
6
10
13
13
13
13
Depreciation Expense
64
84
78
37
74
22
20
5
Net Income, GAAP
3.53
5.75
18.84
20.42
16.07
12.98
18.84
32.57
Effective Tax Rate (%)
40.87
38.78
26.85
10.31
16.93
6.48
5.26
1.38
Profit Margin (%)
51
64
50
48
473
473
482
474
Working Capital
9
8
4
36
28
26
15
12
LT Debt
55
71
58
77
505
512
511
505
Total Equity
- -
116.41
104.97
34.29
22.44
2.94
3.12
0.41
Return on Invested Capital (%)
- -
108.82
96.96
40.43
56.44
17.35
15.98
4.76
Return on Capital (%)
- -
138.32
136.52
63.7
89
21.67
18.99
4.76
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8
9
9
LT Borrowings
- -
- -
- -
LT Finance Leases
17
15
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
474
458
398

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
632
641
630
Cash, Cash Equivalents & STI
417
458
470
Accounts Receivable, Net
55
48
28
Inventories
- -
- -
- -
Total Current Liabilities
159
159
157
Payables & Accruals
82
86
82
ST Debt
8
9
9
Deferred Revenue
58
55
59

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
114.67%
-0.27%
Free Cash Flow
- -
-256.05%
387.96%
Net Income, GAAP
- -
-7.97%
-10.11%
Sales/Revenue/Turnover
- -
13.71%
10.73%
Total Cash Common Dividend
- -
-6.69%
35.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93
90
91
66
339
2025
98
93
96
89
376
2026
87
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.14
0.13
- -
0.22
2025
0.09
0.01
0.04
- -
0.2
2026
-0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.14
2025
- -
- -
- -
- -
0.19
2026
- -
- -
- -
- -
- -
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Business
TBN Corporation Public Company Limited (TBN.BK) manufactures and distributes premium alcoholic beverages in Thailand. The company produces a range of spirits including whiskey under the brand 100 Pipers; vodka, gin, rum, and liqueurs such as Mekhong, SangSom, and Goldschlager; as well as wine, beer, and ready-to-drink products through distribution partnerships. TBN operates primarily in the beverage alcohol segment, targeting domestic consumers and on-trade channels like bars and restaurants across Thailand, with headquarters in Bangkok and founded in 2001. In recent developments, TBN expanded its portfolio through strategic distribution alliances and product launches in 2024-2025, including enhanced marketing for core whiskey brands amid rising premium spirits demand. The company pursued operational efficiencies via supply chain optimizations and reported steady revenue growth from domestic market recovery post-pandemic, without major acquisitions or name changes noted in the latest period.