Earth Tech Environment (ETC-R) Stock Overview

Engages in the generation and distribution of electricity from industrial waste in Thailand. More details

ETC-R fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 63.5% below our estimate of its fair value

Earnings grew by 427.5% over the past year

Risk Analysis

Earnings have declined by 18.6% per year over past 5 years

Large one-off items impacting financial results

Does not have a meaningful market cap (THB3B)

ETC-R Community Fair Values

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Earth Tech Environment Public Company Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Earth Tech Environment
Historical stock prices
Current Share Price	฿1.27
52 Week High	฿2.60
52 Week Low	฿1.00
Beta	0.70
1 Month Change	-21.12%
3 Month Change	0%
1 Year Change	-40.65%
3 Year Change	-65.86%
5 Year Change	n/a
Change since IPO	-53.31%

Recent updates

Shareholder Returns

	ETC-R	TH Renewable Energy	TH Market
7D	0%	-0.6%	0.9%
1Y	-40.7%	-39.9%	-15.1%

Return vs Industry: ETC-R matched the TH Renewable Energy industry which returned -40% over the past year.

Return vs Market: ETC-R underperformed the TH Market which returned -15.3% over the past year.

Price Volatility

Is ETC-R's price volatile compared to industry and market?
ETC-R volatility
ETC-R Average Weekly Movement	5.8%
Renewable Energy Industry Average Movement	6.1%
Market Average Movement	5.6%
10% most volatile stocks in TH Market	11.4%
10% least volatile stocks in TH Market	2.7%

Stable Share Price: ETC-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: ETC-R's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2004	n/a	Supawat Khunworavinij	www.etcenvi.com

Earth Tech Environment Public Company Limited engages in the generation and distribution of electricity from industrial waste in Thailand. It operates through Power Business and Construction segments. The company operates power plants with an installed capacity of 7.0 MW in NakornLuang Industrial Estate, Nakhon Luang district, Phra Nakhon Si Ayutthaya Province; and 4.0 MW installed capacity located in Phichit Industrial Estate, Wachirabarami district, Phichit Province.

Earth Tech Environment Public Company Limited Fundamentals Summary

How do Earth Tech Environment's earnings and revenue compare to its market cap?
ETC-R fundamental statistics
Market cap	฿2.84b
Earnings (TTM)	฿126.21m
Revenue (TTM)	฿768.15m

22.5x

P/E Ratio

3.7x

P/S Ratio

Is ETC-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ETC-R income statement (TTM)
Revenue	฿768.15m
Cost of Revenue	฿471.28m
Gross Profit	฿296.87m
Other Expenses	฿170.66m
Earnings	฿126.21m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.056
Gross Margin	38.65%
Net Profit Margin	16.43%
Debt/Equity Ratio	63.0%

How did ETC-R perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/11 15:01
End of Day Share Price	2025/06/11 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

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

Earth Tech Environment Public Company Limited is covered by 3 analysts. 0 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
Suwat Sinsadok	BNP Paribas Securities (Asia)
Suwat Sinsadok	FSS International Advisory
Nuttawut Wongyaowalak	Globlex Securities Co. Ltd.

Earth Tech Environment SET:ETC-R Stock Report