Thanachart Capital Past Earnings Performance

Past criteria checks 4/6

Thanachart Capital has been growing earnings at an average annual rate of 21.8%, while the Banks industry saw earnings growing at 6% annually. Revenues have been growing at an average rate of 21.3% per year. Thanachart Capital's return on equity is 9.6%, and it has net margins of 60.5%.

Key information

21.8%

Earnings growth rate

22.7%

EPS growth rate

Banks Industry Growth	2.7%
Revenue growth rate	21.3%
Return on equity	9.6%
Net Margin	60.5%
Last Earnings Update	30 Jun 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Thanachart Capital makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

THAMSE:TCAP-F Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	11,468	6,935	2,455
31 Mar 24	11,401	6,786	2,439
31 Dec 23	11,312	6,603	2,428
30 Sep 23	11,136	6,254	2,424
30 Jun 23	10,789	5,768	2,416
31 Mar 23	10,925	5,762	2,393
31 Dec 22	10,475	5,220	2,391
30 Sep 22	11,293	5,903	2,395
30 Jun 22	11,255	5,910	2,386
31 Mar 22	10,574	5,246	2,414
31 Dec 21	10,701	5,287	2,412
30 Sep 21	9,459	4,204	2,400
30 Jun 21	8,727	3,509	2,400
31 Mar 21	8,636	3,432	2,298
31 Dec 20	12,304	6,669	2,214
30 Sep 20	11,626	5,897	2,121
30 Jun 20	12,285	6,125	2,093
31 Mar 20	11,512	5,416	2,185
31 Dec 19	7,800	1,730	2,210
30 Sep 19	-14,218	-2,235	-6,736
30 Jun 19	-7,534	-1,232	-3,906
31 Mar 19	740	499	-955
31 Dec 18	7,803	1,768	2,109
30 Sep 18	37,538	7,755	14,154
30 Jun 18	37,568	7,674	14,520
31 Mar 18	36,785	7,298	14,940
31 Dec 17	36,336	7,001	15,130
30 Sep 17	36,899	6,759	15,476
30 Jun 17	36,135	6,473	15,492
31 Mar 17	35,559	6,265	15,204
31 Dec 16	34,489	6,013	15,039
30 Sep 16	33,134	5,678	14,685
30 Jun 16	32,893	5,529	14,497
31 Mar 16	30,821	5,456	14,342
31 Dec 15	31,295	5,437	14,230
30 Sep 15	31,764	5,437	14,186
30 Jun 15	31,676	5,286	14,180
31 Mar 15	33,178	5,128	14,062
31 Dec 14	32,824	5,120	13,993
30 Sep 14	32,892	5,299	13,780
30 Jun 14	33,453	5,758	13,594
31 Mar 14	40,920	8,580	13,746
31 Dec 13	41,562	9,051	13,704
30 Sep 13	41,350	8,619	13,653

Quality Earnings: TCAP-F has high quality earnings.

Growing Profit Margin: TCAP-F's current net profit margins (60.5%) are higher than last year (53.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TCAP-F has become profitable over the past 5 years, growing earnings by 21.8% per year.

Accelerating Growth: TCAP-F's earnings growth over the past year (20.2%) is below its 5-year average (21.8% per year).

Earnings vs Industry: TCAP-F earnings growth over the past year (20.2%) exceeded the Banks industry 3.4%.

Return on Equity

High ROE: TCAP-F's Return on Equity (9.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/11 01:22
End of Day Share Price	2024/05/14 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Thanachart Capital Public Company Limited is covered by 29 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Usanee Liurut	Asia Plus Securities Company Limited
Wannapa Asavatevavith	BNP Paribas Securities (Asia)
Therapong Vachirapong	BofA Global Research