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Thanachart Capital Public Company Limited

Thanachart Capital Public Company Limited

TCAP.BK
Thanachart Capital Public Company LimitedTH flagStock Exchange of Thailand
70.75
THB
+0.50
- -
74.19BMarket Cap
Thanachart Capital Public Company Limited
TCAP.BK
(Stock Exchange of Thailand)

Recent

price

70.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
30.27
35.23
30.67
35.35
36.6
37.81
38.07
39.91
11.7
11.9
15.31
14.27
13.44
14.85
14.97
15.79
15.84
Revenue per Share
4.41
3.91
4.31
7.49
4.24
4.61
5.16
6.01
6.74
9.43
6.26
5.04
4.98
6.3
6.35
7.39
7.79
Basic EPS, GAAP
-30.94
-61.25
139.73
-5.86
18.58
33.15
20.29
0.6
-4.4
9.72
12.39
0.3
1.72
-0.93
2
8.11
11.99
Free Cash Flow per Basic Share
1.65
1.2
1.2
1.52
1.6
1.71
1.9
2.1
2.3
2.8
7.25
3
3
3.1
3.25
3.35
3.35
Dividend per Share
25.6
26.95
29.87
34.19
37.57
40.06
43.86
47.73
51.59
56.76
58.82
61.99
64.09
68.52
71.65
76.3
78.4
Book Value per Share
41.3
44.07
50.19
60.53
69.31
77.07
85.42
94.45
101.53
64.52
68.15
70.47
68.85
73.58
76.59
81.95
84.17
Tangible Book Value per Share
1,278
1,278
1,278
1,232
1,206
1,179
1,165
1,165
1,164
1,146
1,065
1,049
1,049
1,049
1,049
1,049
1,049
Basic Weighted Avg Shares
38,681
45,016
39,187
43,559
44,157
44,591
44,351
46,505
13,621
13,633
16,306
14,965
14,096
15,567
15,699
16,560
16,608
Sales/Revenue/Turnover
39.16
- -
31.17
48.07
29.43
25.31
30.36
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
1,328
1,756
1,625
1,499
1,447
1,497
1,616
1,584
1,472
84
195
228
241
231
232
169
152
Depreciation Expense
5,639
5,002
5,509
9,231
5,120
5,437
6,013
7,001
7,839
10,807
6,669
5,287
5,220
6,603
6,655
7,750
8,163
Net Income, GAAP
31.98
26.33
21.48
20.48
19.68
1.99
6.33
7.48
19.37
28.68
16.55
11.06
10.72
8.8
5.39
6.51
6.94
Effective Tax Rate (%)
14.58
11.11
14.06
21.19
11.6
12.19
13.56
15.05
57.55
79.27
40.9
35.33
37.03
42.42
42.39
46.8
49.15
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
184,717
322,804
89,506
109,290
98,418
84,929
61,704
51,596
57,703
60,425
47,634
50,679
64,145
64,798
63,880
52,063
52,909
LT Debt
71,720
77,211
85,234
95,439
104,276
111,323
119,851
130,070
137,918
74,059
72,768
74,141
72,425
77,355
80,482
86,012
88,340
Total Equity
5.04
- -
3.33
8.11
4.76
5.53
6.67
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
18.43
14.9
15.18
22.99
11.71
11.75
12.23
13.12
13.56
17.28
10.45
8.28
7.9
9.5
9.06
9.99
10.27
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
53,410
51,920
52,777
LT Finance Leases
164
143
132
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,049
1,049
1,049
Market Capitalization
52,693
61,081
59,509

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
27,050
29,375
33,289
Accounts Receivable, Net
532
437
491
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
1,321
1,887
1,753
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.85%
3.46%
6.87%
Free Cash Flow
-105.35%
43.05%
304.51%
Net Income, GAAP
6.03%
4.35%
16.45%
Sales/Revenue/Turnover
-4.4%
0.55%
5.49%
Total Cash Common Dividend
14.22%
-9.61%
3.07%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,220
4,113
3,882
4,112
15,699
2025
3,966
4,419
4,156
4,020
16,560
2026
4,013
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.63
1.78
1.57
- -
6.35
2025
1.63
1.97
1.98
- -
7.39
2026
2.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2
1.25
- -
3.25
2025
- -
2.05
1.3
- -
3.35
2026
- -
- -
- -
- -
- -
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Business
Thanachart Capital Public Company Limited (TCAP.BK) is a leading Thai financial holding company engaged in commercial banking, consumer finance, asset management, and securities brokerage services. The company, founded in 1990 and headquartered in Bangkok, Thailand, operates primarily through its subsidiaries, including Thanachart Bank PCL, which provides retail banking, corporate lending, SME financing, and digital banking solutions; Thanachart Securities PCL, offering equity trading, fixed income, derivatives, and investment advisory; and Thanachart Asset Management Co Ltd, managing mutual funds, provident funds, private funds, and discretionary portfolios. Its core offerings encompass hire purchase financing for automobiles and motorcycles, personal loans, credit cards, housing loans, insurance brokerage, and wealth management products tailored to retail, corporate, and high-net-worth clients across Thailand, with limited regional presence in Southeast Asia. The group's operations span key financial segments such as retail and corporate banking, hire purchase, factoring, leasing, and investment services, targeting individual consumers, small and medium enterprises, and institutional investors primarily in the domestic Thai market. Subsidiaries like TFAC (hire purchase), TC Wealth Management, and TCB Securities bolster its diversified portfolio, enabling comprehensive one-stop financial solutions. Geographic focus remains centered in Thailand, with headquarters at 1999/11 Thanachart Tower, New Petchaburi Road, Bangkok. In recent developments, Thanachart Capital expanded its digital capabilities through the launch of enhanced mobile banking apps and fintech integrations in 2024, strengthening its competitive position in Thailand's digital finance landscape. The company formed strategic partnerships with leading tech firms for AI-driven credit scoring and blockchain-based remittances, while completing a THB 5 billion capital raise in early 2025 to fund SME lending growth amid economic recovery. Additionally, it acquired a stake in a regional insurtech platform in late 2024, marking its first cross-border expansion initiative into Laos and Cambodia.