Obermatt

Thaicom

SET:THCOM · TH0380010Y07
Diversified Telecommunication ServicesSmall

360

18
EV / EBIT5
Price / Owner Earnings85
Owner Earnings Yield1
Dividend Yield41
Price/Sales12
EV / Gross Profit9
Price/Book59
Return on Capital40
Cash Return on Capital16
Return on Equity49
EBIT Margin78
Gross Profitability12
Cash Conversion10
Accruals5
Owner Earnings Margin8
Sales growth78
Profit Growth10
Long-Term EPS Growth64
Reinvestment70
Price momentum82
Debt load68
Refinancing75
Debt Payback1
Liquidity85
Analyst ratings85
Opinion Changes13
Price Target Upside58
Market mood58
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Thaicom clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryDiversified Telecommunication Services
SizeSmall
TypePublic Company
ExchangeSET
Founded1993
Employees208
ISINTH0380010Y07
Last UpdateApr 2, 2026
Themes
VoIPStreaming MediaNetwork BackboneEnterprise Voip and TelephonyOptical InfrastructureCloud InfrastructureCloud StorageCommunication Hardware

Description

Thaicom Public Company Limited operates primarily in the telecommunications and satellite services sector, with a focus on offering various communication solutions through a combination of satellite and terrestrial infrastructure. Business Segments…

Analysis

Story stock

Thaicom Public Company Limited is a story stock: the narrative is ambitious and the price reflects it, but the underlying numbers are weak. One caution: reported profits have recently run ahead of actual cash, which we track closely.

Valuation data is not available for this company.

The trajectory is moderate and the balance sheet is sturdy. The company scores 10/20 on our value-creation score: creating some value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
44
2023202420252026

All-time high

82

Jan 2024

All-time low

44

Jun 2026

Average rank

68

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
12
15
9
17
Price/Earnings
1
1
10
5
Price/Book
59
73
75
79
Dividend Yield
41
20
54
50
Value (overall)
22
27
38
37

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →