Obermatt

KCE Electronics

SET:KCE · TH0122C10Z04
Electronic Equipment, Instruments & ComponentsMedium

360

91
EV / EBIT14
Price / Owner Earnings43
Owner Earnings Yield70
Dividend Yield83
Price/Sales30
EV / Gross Profit26
Price/Book35
Return on Capital40
Cash Return on Capital80
Return on Equity46
EBIT Margin45
Gross Profitability49
Cash Conversion81
Accruals67
Owner Earnings Margin82
Sales growth22
Profit Growth25
Long-Term EPS Growth93
Owner Earnings Growth45
Reinvestment21
Price momentum94
Debt load66
Refinancing37
Debt Payback100
Liquidity70
Analyst ratings15
Opinion Changes72
Price Target Upside31
Market mood66
Value Creation8/20creating 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

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

Profile

CountryThailand
IndustryElectronic Equipment, Instruments & Components
SizeMedium
TypePublic Company
ExchangeSET
Founded1988
Employees56
ISINTH0122C10Z04
Last UpdateApr 2, 2026
Themes
ElectronicsManufacturingSales

Description

KCE Electronics Public Company Limited, along with its subsidiaries, operates primarily in the manufacturing and sale of prepreg and laminate materials, printed circuit boards, and chemical products. Business Segments The company manages its operat…

Analysis

Middle-of-the-road

KCE Electronics Public Company Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 33.2× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 13% yearly growth; analysts expect 21%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 8/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
50
2023202420252026

All-time high

85

Jan 2025

All-time low

33

Jan 2023

Average rank

59

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
30
60
29
11
Price/Earnings
18
75
44
35
Price/Book
35
74
51
24
Dividend Yield
83
90
77
68
Value (overall)
35
83
50
33

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 →