How does TPCH-F's PE Ratio compare to its peers?

TPCH-F is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (28.9x).

How does TPCH-F's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?

TPCH-F is good value based on its Price-To-Earnings Ratio (13.6x) compared to the TH Renewable Energy industry average (14.5x).

What is TPCH-F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate TPCH-F's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of TPCH-F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

TPCH-F (THB6.92) is trading below our estimate of [[fair value]] (THB24.9)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

TPCH-F Stock Overview

Generates and distributes electricity from renewable energy in Thailand. More details

TPCH-F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	2/6
Dividends	2/6

Rewards

Trading at 72.2% below our estimate of its fair value

Earnings grew by 97.6% over the past year

Risk Analysis

Earnings have declined by 17.7% per year over past 5 years

Shares are highly illiquid

Debt is not well covered by operating cash flow

Does not have a meaningful market cap (THB3B)

My Notes

Capture your thoughts, links and company narrative

TPC Power Holding Public Company Limited Competitors

Earth Tech Environment

SET:ETC

฿3.9b

Thachang Green Energy

SET:TGE

฿4.9b

Super Energy Corporation

SET:SUPER

฿6.8b

Sermsang Power Corporation

SET:SSP

฿6.9b

Price History & Performance

Summary of share price highs, lows and changes for TPC Power Holding
Historical stock prices
Current Share Price	฿6.92
52 Week High	฿0
52 Week Low	฿0
Beta	0.82
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-41.48%

Recent updates

Shareholder Returns

	TPCH-F	TH Renewable Energy	TH Market
7D	0%	-4.6%	-4.7%
1Y	n/a	-7.4%	-3.4%

Return vs Industry: Insufficient data to determine how TPCH-F performed against the TH Renewable Energy industry.

Return vs Market: Insufficient data to determine how TPCH-F performed against the TH Market.

Price Volatility

Is TPCH-F's price volatile compared to industry and market?
TPCH-F volatility
TPCH-F Average Weekly Movement	n/a
Renewable Energy Industry Average Movement	4.3%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: TPCH-F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine TPCH-F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2012	n/a	Cherdsak Wattanavijitkul	www.tpcpower.co.th

TPC Power Holding Public Company Limited, together with its subsidiaries, engages in the generation and distribution of renewable electricity from biomass in Thailand. The company was incorporated in 2012 and is headquartered in Bangkok, Thailand.

TPC Power Holding Public Company Limited Fundamentals Summary

How do TPC Power Holding's earnings and revenue compare to its market cap?
TPCH-F fundamental statistics
Market cap	฿3.37b
Earnings (TTM)	฿246.91m
Revenue (TTM)	฿2.81b

13.6x

P/E Ratio

1.2x

P/S Ratio

Is TPCH-F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TPCH-F income statement (TTM)
Revenue	฿2.81b
Cost of Revenue	฿2.10b
Gross Profit	฿704.90m
Other Expenses	฿457.99m
Earnings	฿246.91m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.62
Gross Margin	25.10%
Net Profit Margin	8.79%
Debt/Equity Ratio	136.9%

How did TPCH-F perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

30%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/06/06 04:05
End of Day Share Price	2023/03/09 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

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

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 .

Analyst Sources

TPC Power Holding Public Company Limited is covered by 6 analysts. 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
Nalinrat Kittikumpolrat	Asia Plus Securities Company Limited
Suwat Sinsadok	BNP Paribas Securities (Asia)
Suwat Sinsadok	CGS International