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Wice Logistics Public Company Limited

Wice Logistics Public Company Limited

WICE.BK
Wice Logistics Public Company LimitedTH flagStock Exchange of Thailand
2.88
THB
+0.10
- -
1.85BMarket Cap
Wice Logistics Public Company Limited
WICE.BK
(Stock Exchange of Thailand)

Recent

price

2.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.66
1.34
1.65
2.14
2.81
3.41
6.13
11.71
10.9
5.73
6.4
7.26
7.66
Revenue per Share
0.15
0.12
0.12
0.14
0.15
0.1
0.31
0.82
0.85
0.25
0.15
0.19
0.13
Basic EPS, GAAP
0.03
0.04
0.09
0.16
0.13
0.04
0.38
0.85
1.22
0.23
0.06
0.39
0.24
Free Cash Flow per Basic Share
0.01
0.11
0.07
0.11
0.15
0.15
0.12
0.16
0.27
0.58
0.24
0.14
0.14
Dividend per Share
0.65
0.69
0.66
0.68
0.69
0.65
0.87
1.54
2.16
1.99
1.91
1.96
1.99
Book Value per Share
0.69
1.18
0.81
0.85
0.86
0.74
0.9
1.73
2.18
2.21
2.05
2.02
2.07
Tangible Book Value per Share
404
510
620
652
652
652
652
652
652
645
641
641
641
Basic Weighted Avg Shares
670
682
1,022
1,396
1,832
2,221
3,996
7,637
7,103
3,699
4,099
4,656
4,907
Sales/Revenue/Turnover
12.03
10.86
9.72
9.38
7.91
3.23
8.38
9.8
10.87
6.05
2.39
2.16
1.15
Operating Margin (%)
11
13
24
28
32
42
61
73
109
136
153
171
179
Depreciation Expense
62
61
77
90
96
62
201
536
554
164
98
122
85
Net Income, GAAP
20.84
16.64
16.74
17.78
18.74
32.09
14.96
19.2
21.04
17.24
34.42
6.3
11.04
Effective Tax Rate (%)
9.32
8.89
7.55
6.42
5.25
2.79
5.03
7.01
7.8
4.44
2.38
2.62
1.74
Profit Margin (%)
171
453
392
455
440
406
557
947
1,166
1,127
876
853
859
Working Capital
12
8
1
- -
7
52
124
261
220
171
146
199
196
LT Debt
278
601
862
900
957
887
976
1,502
1,872
1,865
1,740
1,703
1,732
Total Equity
- -
13.25
10.96
12
12.42
4.94
26.11
38.46
28.28
8.15
3.07
4.68
2.45
Return on Invested Capital (%)
- -
18.75
16.66
13.97
14.67
14.11
18.76
38.02
29.13
7.33
6.29
6.81
4.79
Return on Capital (%)
- -
19.79
20.33
21.06
21.48
14.11
40.58
68.19
45.86
12.21
7.79
9.84
6.66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
116
120
126
LT Borrowings
52
49
47
LT Finance Leases
102
150
149
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
641
641
641
Market Capitalization
1,910
1,461
1,513

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,869
1,904
1,986
Cash, Cash Equivalents & STI
574
561
542
Accounts Receivable, Net
1,065
987
1,087
Inventories
- -
- -
- -
Total Current Liabilities
981
1,050
1,126
Payables & Accruals
833
876
939
ST Debt
116
120
126
Deferred Revenue
14
29
29

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.63%
13.88%
-2.14%
Free Cash Flow
148.3%
102.42%
500.77%
Net Income, GAAP
32.36%
16.78%
24.97%
Sales/Revenue/Turnover
27.96%
12.13%
13.59%
Total Cash Common Dividend
17.79%
23.59%
-39.91%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
963
1,075
1,131
931
4,099
2025
1,060
1,229
1,207
1,160
4,656
2026
1,311
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.12
0.03
- -
0.15
2025
0.09
0.04
0.04
- -
0.19
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.24
- -
- -
0.24
2025
- -
0.14
- -
- -
0.14
2026
- -
- -
- -
- -
- -
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Business
Wice Logistics Public Company Limited WICE Logistics Public Company Limited (WICE.BK) operates as an integrated international logistics services and solutions provider, offering sea freight including full and less than container load services; air freight; cross-border trucking and transport; domestic transportation via trailer trucks, dump trucks, lorries and minivans; customs brokerage and clearance; warehousing in multi-user and dedicated models; supply chain solutions; and door-to-door as well as ex-works delivery options. The company serves industries such as electronics with a focus on Asia-Pacific trade routes, maintaining operations across Thailand, Singapore, Hong Kong with sub-branches in Guangzhou, Shanghai, Shenzhen, Ningbo, Kuala Lumpur, Johor Bahru, Penang, Malaysia, Vietnam and China. Founded in 1993 and headquartered in Bangkok, Thailand at 88/8 Nonsee Road, Chong-Nonsee, Yannawa, Wice Logistics Public Company Limited changed its name from Wice Freight Services (Thailand) Company Limited in April 2015 and listed on the Stock Exchange of Thailand in July 2015. Subsidiaries include WICE Supply Chain Solutions Company Limited for warehousing and management; fully owned WICE Logistics (Singapore) Pte. Ltd. acquired in phases concluding in 2020; fully owned WICE Logistics (Hong Kong) Ltd. acquired in phases concluding in 2020 with multiple China branches; and a majority stake of 51% in Euroasia Total Logistics Company Limited (ETL), a joint venture established in 2018 for cross-border services expanded into Malaysia, Vietnam and China. Recent developments encompass a shared service agreement with Euroasia Total Logistics Public Company Limited valued at THB 4.356 million and ongoing business growth projections for 2025 driven by cold chain fruit exports and sea freight strength.