CK Power Public Company Limited

SET:CKP Stock Report

Market Cap: ฿19.2b

CK Power Future Growth

Future criteria checks 0/6

CK Power's revenue and earnings are forecast to decline at 1.9% and 11.3% per annum respectively. EPS is expected to decline by 10% per annum. Return on equity is forecast to be 5.8% in 3 years.

Key information

-11.3%

Earnings growth rate

-10.00%

EPS growth rate

Renewable Energy earnings growth-17.9%
Revenue growth rate-1.9%
Future return on equity5.83%
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Recent updates

Narrative Update • Feb 26

CKP: Higher Margin Outlook And Dividend Plans Will Support Attractive P/E

Analysts have adjusted their price targets on CK Power, reflecting updated views on slightly softer revenue contraction, a higher profit margin near 22%, and a lower expected future P/E of about 18x. Together, these factors point to a more efficient earnings profile under their latest assumptions.
Narrative Update • Feb 11

CKP: Higher Discount Rate Will Still Support Attractive P/E Opportunity

Analysts have trimmed their 12 month price target for CK Power to THB3.64 from THB3.85, citing slightly higher discount rate assumptions, softer projected revenue growth and profit margins, and a modestly lower future P/E multiple. Valuation Changes Fair Value: Trimmed from THB3.85 to THB3.64, a small reduction in the 12 month valuation estimate.
New Narrative • Sep 04

Luang Prabang Expansion And 93% Renewables Will Forge Volatile Prospects

Key Takeaways Major clean energy expansion and long-term contracts underpin stable growth, improved margins, and reduced earnings volatility. Strategic shift into solar and storage enhances revenue diversity and strengthens long-term earnings resilience.

Earnings and Revenue Growth Forecasts

SET:CKP - Analysts future estimates and past financials data (THB Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202810,2982,2912,8813,8832
12/31/202710,0251,9763,6654,2557
12/31/202610,0961,8233,1554,3605
12/31/202510,6382,7824,7824,945N/A
9/30/202510,9142,4914,4194,609N/A
6/30/202510,7522,4124,1604,351N/A
3/31/202510,7101,8764,2514,479N/A
12/31/202410,7891,3454,0674,276N/A
9/30/202411,0311,3474,0074,243N/A
6/30/202410,7781,1783,9114,116N/A
3/31/202410,7231,1054,4694,624N/A
12/31/202310,9191,4624,0444,178N/A
9/30/202310,6149913,7533,792N/A
6/30/202311,4591,4313,7863,823N/A
3/31/202311,5532,2932,9743,019N/A
12/31/202211,4102,4363,2743,320N/A
9/30/202211,1272,4873,5003,555N/A
6/30/202210,1412,2603,5723,621N/A
3/31/20229,7772,1033,7703,813N/A
12/31/20219,3352,1793,6033,652N/A
9/30/20218,3582,0643,0713,120N/A
6/30/20217,9811,6612,8302,887N/A
3/31/20217,5178592,3152,371N/A
12/31/20207,1774052,3542,461N/A
9/30/20207,8339092,4302,563N/A
6/30/20207,7041112,0122,153N/A
3/31/20208,1852902,6042,840N/A
12/31/20198,8407692,8733,125N/A
9/30/20199,060378N/A4,209N/A
6/30/201910,036744N/A4,692N/A
3/31/20199,704726N/A4,760N/A
12/31/20189,115599N/A4,283N/A
9/30/20188,682504N/A3,758N/A
6/30/20188,003270N/A3,296N/A
3/31/20187,400215N/A3,340N/A
12/31/20176,930159N/A3,379N/A
9/30/20176,463-45N/A3,447N/A
6/30/20175,981-87N/A3,774N/A
3/31/20176,159-36N/A3,190N/A
12/31/20166,35955N/A3,741N/A
9/30/20166,894392N/A3,396N/A
6/30/20166,585306N/A3,571N/A
3/31/20166,707375N/A4,113N/A
12/31/20156,809412N/A4,058N/A
9/30/20156,830467N/A4,202N/A
6/30/20157,051529N/A4,022N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CKP's earnings are forecast to decline over the next 3 years (-11.3% per year).

Earnings vs Market: CKP's earnings are forecast to decline over the next 3 years (-11.3% per year).

High Growth Earnings: CKP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CKP's revenue is expected to decline over the next 3 years (-1.9% per year).

High Growth Revenue: CKP's revenue is forecast to decline over the next 3 years (-1.9% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CKP's Return on Equity is forecast to be low in 3 years time (5.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 01:11
End of Day Share Price 2026/05/08 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

CK Power Public Company Limited is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thanatthep ChantarakarnBualuang Securities PCL
Kijapat WongmettaBualuang Securities PCL
Poramet TongbuaBualuang Securities PCL