Tmt Steel

SET:TMT · TH0826010Y09

Metals & MiningSmall

360

Medium confidence — indicative

Value49

Profit price34

EV / EBIT34

Price / Owner Earnings34

Cash yield34

Owner Earnings Yield67

Dividend Yield1

Sales & asset price67

Price/Sales95

EV / Gross Profit35

Price/Book71

Quality64

Returns on capital65

Return on Capital49

Cash Return on Capital81

Return on Equity66

Profit margins59

EBIT Margin37

Gross Profitability81

Cash backing65

Cash Conversion66

Accruals57

Owner Earnings Margin71

Growth—

Sales growth52

Profit growth85

Reinvestment12

Price momentum25

Safety28

Debt load15

Debt serviceability65

Refinancing100

Debt Payback29

Liquidity27

Sentiment49

Analyst ratings—

Expectations trend—

Market mood25

Value Creation12/20creating 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

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

Profile

CountryThailand

IndustryMetals & Mining

SizeSmall

TypePublic Company

ExchangeSET

Founded2004

Employees39

Websitetmtsteel.co.th/en/#HOME

ISINTH0826010Y09

Last UpdateApr 2, 2026

Indices

SET (Thailand)

Description

TMT Steel Public Company Limited is engaged in the fabrication and sale of structural steel plates and sheets. Its core operations involve the procurement of products primarily from local suppliers, though some products are imported. The company serv…

Analysis

Middle-of-the-road

TMT Steel 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 9.5× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is mixed and the balance sheet is stretched. The company scores 12/20 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

20232026

All-time high

Jan 2023

All-time low

Jun 2026

Average rank

across all years

Detailed & Historical Ranks

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

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

—

Value (overall)

—

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 →