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TMT Steel Public Company Limited

TMT Steel Public Company Limited

TMT.BK
TMT Steel Public Company LimitedTH flagStock Exchange of Thailand
3.32
THB
-0.04
- -
2.89BMarket Cap
TMT Steel Public Company Limited
TMT.BK
(Stock Exchange of Thailand)

Recent

price

3.32

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
8.02
9.04
12.1
15.07
14.07
13.29
14.32
16.45
19.95
18.93
16.74
24.76
25.48
22.96
22.12
20.24
19.7
Revenue per Share
0.28
0.1
0.49
0.51
0.38
0.37
1.05
0.74
0.47
0.26
0.62
1.76
0.28
0.38
-0.05
0.11
0.16
Basic EPS, GAAP
0.17
-0.3
-1.06
-0.39
1.04
1.15
-0.72
-0.26
-0.31
0.77
-0.03
-0.63
1.55
0.14
0.35
1.02
0.38
Free Cash Flow per Basic Share
0.22
0.22
0.07
0.4
0.4
0.32
0.32
0.75
0.6
0.03
0.3
1.1
0.85
0.3
0.2
- -
- -
Dividend per Share
1.62
1.47
1.89
1.98
1.95
1.99
2.71
2.7
2.56
2.77
3.08
3.72
3.14
3.23
2.98
3.07
3.08
Book Value per Share
2.07
1.97
2.41
2.51
2.48
2.51
3.23
3.22
3.08
3.3
3.63
4.27
3.69
3.77
3.51
3.61
3.58
Tangible Book Value per Share
850
850
852
866
871
871
871
871
871
871
871
871
871
871
871
871
904
Basic Weighted Avg Shares
6,820
7,685
10,315
13,055
12,251
11,569
12,465
14,320
17,370
16,483
14,576
21,559
22,188
19,992
19,258
17,627
17,804
Sales/Revenue/Turnover
4.43
3.97
5.19
4.65
3.69
3.43
9.04
5.56
2.94
2.08
4.68
8.99
1.54
2.53
0.23
1.02
1.22
Operating Margin (%)
106
99
100
120
142
150
165
163
178
205
257
270
293
301
307
329
332
Depreciation Expense
242
81
421
440
334
321
912
641
406
230
538
1,530
242
334
-42
100
142
Net Income, GAAP
24.42
51.19
22.92
20.34
20.21
20.68
19.77
19.47
11.26
15.83
17.64
19.53
19.25
19.53
- -
19.89
19.8
Effective Tax Rate (%)
3.55
1.05
4.08
3.37
2.73
2.77
7.31
4.48
2.34
1.4
3.69
7.1
1.09
1.67
-0.22
0.57
0.8
Profit Margin (%)
659
477
649
645
611
594
793
475
817
924
1,014
2,270
1,727
1,097
119
369
504
Working Capital
- -
3
6
9
9
6
2
1
995
997
813
1,632
1,709
1,175
523
526
510
LT Debt
1,782
1,694
2,063
2,183
2,169
2,207
2,833
2,821
2,704
2,905
3,182
3,754
3,250
3,326
3,108
3,196
3,297
Total Equity
7.98
4.84
10.36
9.5
6.94
6.76
17.87
10.37
6.52
4.08
7.38
17.48
3.11
4.85
- -
1.82
2.17
Return on Invested Capital (%)
10.57
3.98
13.86
11.34
8.46
8.85
20.94
12.28
7.73
4.97
8.52
19.25
4.03
5.94
- -
2.76
3.16
Return on Capital (%)
17.88
6.15
29.48
26.52
19.61
18.67
44.49
27.21
17.71
9.9
21.12
51.7
8.12
12.05
-1.54
3.79
5.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4,670
3,898
4,093
LT Borrowings
198
502
492
LT Finance Leases
31
25
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
871
871
871
Market Capitalization
2,810
2,520
3,542

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,182
4,755
5,171
Cash, Cash Equivalents & STI
237
253
146
Accounts Receivable, Net
2,764
2,736
2,914
Inventories
1,938
1,577
1,893
Total Current Liabilities
5,181
4,386
4,667
Payables & Accruals
485
456
548
ST Debt
4,670
3,898
4,093
Deferred Revenue
25
29
26

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.39%
0.63%
2.81%
Free Cash Flow
104.66%
341.41%
193.23%
Net Income, GAAP
-10.61%
-62.92%
-340.16%
Sales/Revenue/Turnover
5.6%
5.76%
-8.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,003
4,740
5,052
4,464
19,258
2025
4,517
4,297
4,462
4,351
17,627
2026
4,693
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.05
-0.16
- -
-0.05
2025
0.07
0.03
0.01
- -
0.11
2026
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.05
- -
0.2
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
TMT Steel Public Company Limited (TMT.BK) manufactures and distributes steel products primarily for the construction and infrastructure sectors in Thailand. The company produces a range of steel items including deformed bars under the TM brand, round bars, steel billets, wire rods, and welded wire mesh; it also provides steel processing services such as cutting, bending, and fabrication for ready-to-use construction applications. Founded in 1992 and headquartered in Bangkok, Thailand, TMT Steel operates production facilities in Rayong and other key industrial areas, serving domestic markets with a focus on residential, commercial, and public infrastructure projects. TMT Steel maintains a vertically integrated model covering melting, rolling, and downstream processing, with key brands encompassing TMX deformed bars noted for high strength and ductility, TM round bars for general reinforcement, and specialized mesh products for concrete reinforcement. The company caters to contractors, real estate developers, and government entities across Thailand, with distribution networks spanning major provinces. Subsidiaries include entities handling logistics and trading to support its core manufacturing operations. In recent developments, TMT Steel expanded production capacity through equipment upgrades at its Rayong plant in 2024, enabling higher output of premium deformed bars amid rising infrastructure demand; the company also formed strategic supply partnerships with major Thai construction firms to secure long-term billet sourcing. In 2025, TMT announced a new green steel initiative involving low-carbon production trials in collaboration with technology providers, aligning with Thailand's sustainability goals, alongside a debt refinancing deal to fund further facility modernization.