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Flags

Earnings warning

Infraset

SET:INSET · TH9426010004
IT ServicesX-Small

360

34
Profit price7
Owner Earnings Yield38
Dividend Yield77
Price/Sales67
EV / Gross Profit3
Price/Book40
Return on Capital38
Cash Return on Capital38
Return on Equity35
EBIT Margin53
Gross Profitability4
Cash Conversion7
Accruals19
Owner Earnings Margin53
Sales growth100
Profit Growth9
Long-Term EPS Growth23
Owner Earnings Growth42
Reinvestment74
Price momentum91
Debt load59
Refinancing81
Debt Payback42
Liquidity66
Analyst ratings100
Opinion Changes50
Price Target Upside72
Market mood7
Value Creation6/20not creating 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

Infraset doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryThailand
IndustryIT Services
SizeX-Small
TypePublic Company
ExchangeSET
Founded2006
Websiteinfraset.co.th
ISINTH9426010004
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Data Center TechnologyNetwork BackboneNetwork Security

Description

Infraset Public Company Limited operates primarily in the construction of data centers and information technology systems. Additionally, the company is involved in infrastructure, telecommunications, transportation infrastructure, maintenance and ser…

Analysis

Story stock

Infraset Public Company Limited is a story stock: the narrative is ambitious and the price reflects it, but the underlying numbers are weak.

The price is expensive. You pay 43.8× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is solid and the balance sheet is sturdy. The company scores 6/20 on our value-creation score: not creating value.

What to watch: Some accounting patterns deserve a closer look. 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
90
2026

All-time high

100

Mar 2026

All-time low

90

Jun 2026

Average rank

95

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
67
—
—
—
Price/Earnings
44
—
—
—
Price/Book
40
—
—
—
Dividend Yield
77
—
—
—
Value (overall)
64
—
—
—

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 →