Thanachart Capital Public Company Limited

Thanachart Capital Public Company Limited

THNVF
Thanachart Capital Public Company LimitedUS flagOther OTC
1.08
USD
- -
- -
1.31BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
35.35
36.6
37.81
38.07
39.91
11.7
11.9
15.31
14.27
13.44
14.85
14.97
- -
15.99
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
-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
Dividend per Share
1.52
1.6
1.71
1.9
2.1
2.3
2.8
7.25
3
3
3.1
3.25
- -
3.35
Book Value per Share
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
Tangible Book Value per Share
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
Basic Weighted Avg Shares
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
Sales/Revenue/Turnover
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
16,771
Operating Margin (%)
48.07
29.43
25.31
30.36
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1,499
1,447
1,497
1,616
1,584
1,472
84
195
228
241
231
232
169
169
Net Income, GAAP
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
7,750
Effective Tax Rate (%)
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
6.62
Profit Margin (%)
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
46.21
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
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
52,063
Total Equity
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
86,012
Return on Invested Capital (%)
8.11
4.76
5.53
6.67
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
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
9.99

Capital Structure

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
57,685
53,410
51,920
LT Finance Leases
180
164
143
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,049
1,049
1,049
Market Capitalization
36,841
36,769
35,725

Working Capital

FRC

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
25,289
27,050
29,375
Accounts Receivable, Net
397
532
437
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
1,332
1,321
1,887
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
2023
3,916
3,839
3,989
3,822
15,567
2024
4,220
4,113
3,882
4,112
15,699
2025
4,176
4,419
4,156
4,020
16,560

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.51
1.69
1.73
- -
6.3
2024
1.63
1.78
1.57
- -
6.35
2025
1.63
1.97
1.98
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
1.9
- -
- -
3.1
2024
- -
2
1.25
- -
3.25
2025
- -
2.05
1.3
- -
- -

Company Description

APIChat
CEO
Somjate Moosirilert
Full Time Employees
1,698
Sector
Financial Services
Industry
Financial - Conglomerates
Address
444 MBK Tower Bangkok Thailand 10330
IPO Date
Feb 18, 2020
Business
Thanachart Capital Public Company Limited (TCAP) is an investment holding company that serves as the parent of the Thanachart Financial Conglomerate and operates a diversified portfolio of financial services in Thailand. The company offers securities brokerage, proprietary trading, underwriting, investment advisory, financial advisory, unit trust underwriting and repurchasing, and securities registrar services through Thanachart Securities Public Company Limited; non-life insurance products including fire, automobile, marine, transportation, and miscellaneous coverage through Thanachart Insurance Public Company Limited; life and health insurance for individuals, institutions, and organizations, including individual and group policies for financial security and protection, through T Life Assurance Public Company Limited; asset-based financing comprising term loans and working capital facilities through Thanachart Plus Company Limited; auto hire purchase and financial leasing for passenger cars, pick-ups, taxis, truck tractors, and lorries through Ratchthani Leasing Public Company Limited; non-performing asset management through subsidiaries such as MAX Asset Management Company Limited, NFS Asset Management Company Limited, and TS Asset Management Company Limited; and insurance brokerage services through TM Broker Company Limited and RTN Insurance Broker Company Limited. It maintains significant equity stakes exceeding 20% in TMBThanachart Bank Public Company Limited (TTB), generating primary income from profit shares, and in MBK Public Company Limited, enabling strategic participation in their banking, retail, real estate, and other operations. Founded in 1959 and headquartered at 444 MBK Tower, Phayathai Road, Pathumwan, Bangkok, Thailand, the company primarily serves retail, corporate, and institutional customers across Thailand. Recent developments include TTB's planned acquisition of Thanachart Securities, announced with a non-binding MOU and due diligence in process, seeking shareholder approval at the April 2025 annual general meeting for a transaction valued at THB 2.06 billion.