Obermatt
See Similar Stocks →

Flags

Earnings warning

Ratch Group

SET:RATCH · TH0637010Y00
Independent Power and Renewable Electricity ProducersMedium

360

29
EV / EBIT14
Price / Owner Earnings47
Owner Earnings Yield88
Dividend Yield85
Price/Sales50
EV / Gross Profit2
Price/Book86
Return on Capital3
Cash Return on Capital80
Return on Equity71
EBIT Margin3
Gross Profitability1
Cash Conversion33
Accruals85
Owner Earnings Margin90
Sales growth88
Profit Growth54
Long-Term EPS Growth4
Owner Earnings Growth82
Reinvestment93
Price momentum67
Debt load47
Refinancing72
Debt Payback58
Liquidity6
Analyst ratings39
Opinion Changes50
Price Target Upside51
Market mood19
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

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

Profile

CountryThailand
IndustryIndependent Power and Renewable Electricity Producers
SizeMedium
TypePublic Company
ExchangeSET
Founded2000
Employees18
Websiteratch.co.th/en/intro-page
ISINTH0637010Y00
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Utility Scale SolarOnshore and Offshore WindBiomass EnergyEnergy StorageMobile

Description

Ratch Group Public Company Limited, an energy and infrastructure company, engages in the generation and sale of electricity and steam Business Segments The company operates through Domestic Electricity Generation, Renewable Energy, International Po…

Analysis

Middle-of-the-road

Ratch Group 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 attractive. You pay 7.2× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -8% yearly growth; analysts expect -6%. The price, in other words, assumes less than the experts do.

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

What to watch: The financial cushion is thinner than comfortable. Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
81
2023202420252026

All-time high

99

Mar 2023

All-time low

24

Jan 2023

Average rank

60

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
50
53
64
51
Price/Earnings
71
82
88
51
Price/Book
86
81
81
67
Dividend Yield
85
81
88
85
Value (overall)
87
80
92
86

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

Similar Stocks

The companies this stock is ranked against.

Compare Ratch Group with its peers
B.Grimm Power
SET:BGRIM
41
CountryThailand
IndustryIndependent Power and Renewable Electricity Producers
SizeLarge
Full Stock Analysis →
CK Power
SET:CKP
88
CountryThailand
IndustryIndependent Power and Renewable Electricity Producers
SizeSmall
Full Stock Analysis →
BCPG
SET:BCPG
52
CountryThailand
IndustryIndependent Power and Renewable Electricity Producers
SizeSmall
Full Stock Analysis →
Hero Global Investment
JKT:HGII
52
CountryIndonesia
IndustryIndependent Power and Renewable Electricity Producers
SizeSmall
Full Stock Analysis →
Electricity Generating
SET:EGCO
21
CountryThailand
IndustryIndependent Power and Renewable Electricity Producers
SizeMedium
Full Stock Analysis →
Global Power Synergy
SET:GPSC
77
CountryThailand
IndustryIndependent Power and Renewable Electricity Producers
SizeLarge
Full Stock Analysis →

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 →