TQR Public Company Limited

TQR Public Company Limited

TQR.BK
TQR Public Company LimitedTH flagStock Exchange of Thailand
5.35
THB
+0.10
- -
1.23BMarket Cap
TQR Public Company Limited
TQR.BK
(Stock Exchange of Thailand)

Recent

price

5.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2021
2022
2023
2024
2025
TTM
FRC
- -
0.67
0.58
1.15
1.06
1.09
1.12
1.18
1.22
Revenue per Share
- -
0.14
0.19
0.44
0.43
0.44
0.44
0.44
0.45
Basic EPS, GAAP
- -
0.24
0.11
0.13
0.35
0.43
0.55
0.48
0.4
Free Cash Flow per Basic Share
- -
0.1
0.24
0.19
0.29
0.42
0.41
0.39
0.17
Dividend per Share
- -
0.3
0.25
0.79
0.9
0.91
1
1.05
1.21
Book Value per Share
- -
0.28
0.23
2.01
2.08
2.08
2.12
2.18
2.35
Tangible Book Value per Share
- -
230
230
222
230
230
230
230
230
Basic Weighted Avg Shares
- -
154
132
256
243
250
258
272
280
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
5
4
7
8
8
8
9
9
Depreciation Expense
- -
33
44
97
98
100
100
101
104
Net Income, GAAP
- -
29.91
21.42
19.39
20.14
20.2
20.24
20.28
20.35
Effective Tax Rate (%)
- -
21.39
33.24
38.02
40.34
40.13
38.83
37.18
37.22
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
5
3
3
10
5
2
5
3
2
LT Debt
58
69
56
459
497
500
513
523
560
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
48.57
66.59
78.14
48.4
46.52
44.34
41.83
37.53
Return on Capital (%)
- -
52.37
70.55
83.64
51.27
48.13
45.65
42.88
38.42
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
5
5
5
LT Borrowings
- -
- -
- -
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
230
230
230
Market Capitalization
1,242
1,150
1,196

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
288
316
350
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
68
82
61
ST Debt
5
5
5
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
145.89%
2.07%
Free Cash Flow
- -
46.08%
-13.66%
Net Income, GAAP
- -
25.01%
0.77%
Sales/Revenue/Turnover
- -
19.95%
5.23%
Total Cash Common Dividend
- -
15.05%
-4.63%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
81
61
60
64
258
2025
78
65
64
64
272
2026
87
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.1
0.1
- -
0.44
2025
0.15
0.09
0.1
- -
0.44
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.18
- -
0.41
2025
- -
- -
0.17
- -
0.39
2026
- -
- -
- -
- -
- -
Business
TQR Public Company Limited operates as a reinsurance broker in Thailand, providing integrated reinsurance solutions including treaty reinsurance, facultative reinsurance, and product development services; it offers proportional reinsurance such as quota share and surplus, non-proportional reinsurance including working excess of loss and catastrophe excess of loss, as well as facultative placements for large or complex risks like major infrastructure projects and liability covers; the company also delivers total service solutions encompassing consultancy for new insurance product innovation in areas including motor car and motorcycle insurance, extended warranty, travel insurance, cyber security insurance, medical malpractice, and directors and officers liability insurance, alongside digital partnerships for modern consumer needs. TQR segments its operations into Traditional Business focused on standard treaty and facultative reinsurance for motor, fire, property, and miscellaneous insurance; Alternative Business involving proactive product analysis, development, and advice on novel overseas insurance products adapted for the Thai market; and Other Business including packaged software services. Founded in 2012 and headquartered in Bangkok at Rungrojthanakul Building, 8th Floor, Ratchadaphisek Road, Huai Khwang, the company primarily serves domestic non-life insurers and international reinsurers such as Hannover Rück SE and Swiss Reinsurance Company Limited, with a focus on risk management, capacity enhancement, and capital optimization amid regulatory frameworks like Risk-Based Capital and TFRS 17. TQR listed on the Market for Alternative Investment (MAI) of the Stock Exchange of Thailand in February 2021 following a capital increase to THB 115 million and an initial public offering that raised THB 295.7 million for IT system development, reinsurance modeling, and working capital; it established subsidiaries including R Square Company Limited in 2021 (55% owned) for online training with facial recognition technology and acquired 30% of AlphaSec Co., Ltd. in 2022 for THB 30 million to diversify into cybersecurity. Recent accolades include the Best Corporate Non-Life Insurance Broker award from the Office of Insurance Commission for 2023, a fifth consecutive 5-star rating in the Corporate Governance Survey, a perfect 100 score in the 2023 AGM Checklist evaluation, Best Broker and Outstanding Customer Service awards at the InsuranceAsia News Country Awards for Excellence 2025, and full 100 points in the 2025 AGM Checklist for the third straight year, reflecting ongoing strategic expansions in specialty reinsurance teams and agricultural insurance opportunities.