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TPC Power Holding Public Company Limited

TPC Power Holding Public Company Limited

TPCH.BK
TPC Power Holding Public Company LimitedTH flagStock Exchange of Thailand
1.40
THB
+0.01
- -
561.68MMarket Cap
TPC Power Holding Public Company Limited
TPCH.BK
(Stock Exchange of Thailand)

Recent

price

1.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
0.65
0.83
0.76
1.68
2.72
3.89
4.09
4.43
6.16
6.6
7.11
5.9
5.58
5.49
Revenue per Share
- -
-0.02
0.04
0.09
0.12
0.5
0.52
0.88
0.9
0.63
0.34
0.43
0.7
0.58
-0.48
-0.78
Basic EPS, GAAP
- -
-35.2
-0.36
-1.58
-1.16
-0.63
-0.22
0.16
-2.58
-0.2
-0.32
1.12
1.41
1.13
1.53
1.59
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.02
- -
0.03
0.06
0.15
0.21
0.45
0.05
0.18
0.76
0.04
- -
Dividend per Share
- -
9.98
1.16
1.41
1.2
1.67
2.1
2.86
3.53
3.89
3.73
4.09
4.64
4.42
3.9
3.77
Book Value per Share
- -
14.4
2.33
6.21
5.3
6.05
6.83
8.12
9.22
10.03
9.27
9.69
9.71
9.34
8.78
8.68
Tangible Book Value per Share
- -
15
279
312
401
401
401
401
401
401
401
401
401
401
401
401
Basic Weighted Avg Shares
- -
- -
180
258
305
672
1,093
1,560
1,642
1,777
2,470
2,648
2,851
2,365
2,239
2,202
Sales/Revenue/Turnover
- -
- -
18.58
26.87
24.87
38.42
33.13
40.16
38.2
28.01
18.34
19.84
16.89
24.07
22.41
21.71
Operating Margin (%)
- -
- -
22
27
35
62
101
152
161
222
353
366
365
273
280
282
Depreciation Expense
- -
- -
12
28
46
201
208
354
360
251
135
173
281
234
-192
-312
Net Income, GAAP
- -
- -
1.86
- -
- -
- -
0.09
0.05
0.07
0.17
3.6
4.44
2.42
3.5
- -
20.92
Effective Tax Rate (%)
- -
- -
6.86
11.03
15.15
29.92
19.05
22.68
21.89
14.12
5.48
6.54
9.87
9.91
-8.59
-14.19
Profit Margin (%)
94
41
280
1,363
1,005
832
177
283
17
-770
278
147
-427
157
734
295
Working Capital
14
439
416
732
861
1,550
1,697
1,845
2,865
3,030
4,434
4,125
1,440
2,047
2,271
2,111
LT Debt
129
228
657
1,948
2,137
2,437
2,754
3,268
3,707
4,051
3,749
3,917
3,915
3,773
3,547
3,506
Total Equity
- -
- -
3.6
- -
- -
- -
8.13
12.25
9.78
6.51
5.14
5.57
5.74
7.31
- -
- -
Return on Invested Capital (%)
- -
- -
2.99
- -
- -
- -
4.94
6.1
4.44
2.64
1.98
3.23
5.38
5.18
- -
0.42
Return on Capital (%)
- -
-0.41
5.21
7.47
10.01
34.91
27.51
35.53
28.04
16.88
8.86
11.04
16.08
12.89
-11.51
-18.65
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,795
848
851
LT Borrowings
1,710
2,244
2,085
LT Finance Leases
31
27
25
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
401
401
401
Market Capitalization
1,139
514
746

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,103
1,861
1,411
Cash, Cash Equivalents & STI
100
43
20
Accounts Receivable, Net
424
409
389
Inventories
50
52
51
Total Current Liabilities
2,060
1,127
1,116
Payables & Accruals
265
279
264
ST Debt
1,795
848
851
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.58%
-2.53%
-5.98%
Free Cash Flow
-247.11%
-68.94%
35.13%
Net Income, GAAP
22.6%
-30.89%
-182.04%
Sales/Revenue/Turnover
27.08%
6.29%
-5.34%
Total Cash Common Dividend
- -
98.15%
-95.12%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
602
583
602
577
2,365
2025
603
532
523
581
2,239
2026
566
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.21
0.17
- -
0.58
2025
0.16
0.08
-0.81
- -
-0.48
2026
-0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.23
- -
0.76
2025
- -
- -
- -
- -
0.04
2026
- -
- -
- -
- -
- -
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Business
TPC Power Holding Public Company Limited (Ticker: TPCH.BK) operates primarily in the power generation and energy sector in Thailand. The company specializes in producing, selling, and distributing electricity and steam, with core products and services including power plant operations; electricity generation from combined heat and power (CHP) plants; provision of steam for industrial use; and operation of cogeneration plants. TPC Power serves industrial customers and utilities within Thailand and potentially the Southeast Asia region. Established in 1991, the company is headquartered in Bangkok, Thailand. Recent major company developments include strategic partnerships and operational expansions aimed at enhancing its power generation capacity and service offerings. In the last 1-2 years, TPC Power has engaged in initiatives to strengthen its energy portfolio, including potential new technology integration and possible acquisitions or funding to support growth in renewable or more efficient energy production. The company has maintained its focus on cogeneration technology but is also adapting to market demands for sustainable energy, possibly launching new projects or services aligned with Thailand’s energy transition policies. TPC Power Holding operates within the industrial energy segment, targeting manufacturing sectors requiring both electricity and steam for production processes. Its business model emphasizes combined heat and power solutions, maximizing energy efficiency for clients. The company’s operations are concentrated in Thailand, reflecting its commitment to domestic energy infrastructure development, with potential exploration of wider ASEAN market opportunities. It is a publicly listed entity on the Stock Exchange of Thailand and functions independently without being a subsidiary. This comprehensive focus on power generation services, cogeneration technology, and recent strategic moves to expand and modernize operations situates TPC Power Holding Public Company Limited as a significant player in Thailand’s energy sector, committed to efficient and sustainable energy solutions to support industrial growth and energy stability in the region.