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Asefa

SET:ASEFA · TH6650010007
Electrical EquipmentSmall

360

92
Medium confidence — indicative
EV / EBIT86
Price / Owner Earnings36
Owner Earnings Yield85
Dividend Yield1
Price/Sales55
EV / Gross Profit60
Price/Book46
Return on Capital91
Cash Return on Capital77
Return on Equity85
EBIT Margin88
Gross Profitability61
Cash Conversion49
Accruals34
Owner Earnings Margin88
Sales growth97
Profit Growth83
Long-Term EPS Growth74
Reinvestment65
Price momentum93
Debt load29
Refinancing55
Debt Payback34
Liquidity59
Analyst ratings—
Expectations trend—
Market mood57
Value Creation16/20strong value creator
  • 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

Asefa generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryThailand
IndustryElectrical Equipment
SizeSmall
TypePublic Company
ExchangeSET
Founded1997
Employees19
Websiteasefa.co.th
ISINTH6650010007
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Energy ManagementEnergy StorageCleanTechSmart EnergyUtility Scale SolarClean EnergySmart MetersIndustrial AutomationPower GridData Center TechnologySmart BuildingEnergy EfficiencyElectric Vehicle Charging InfrastructureConsultingElectrical DistributionEnergy

Description

Asefa Public Company Limited manufactures and provides electrical power distribution, switchboard, trunking, lighting, automation, and energy management solutions. Business Segments The company operates through four segments: Manufacturing, Trading…

Analysis

Hidden champion

Asefa Public Company Limited fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns.

On valuation, the picture is attractive. The owner-earnings multiple stands at 14.1×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 16/20 on our value-creation score: strong value creator.

Flags to be aware of: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

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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 →