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Bangkok Commercial Asset Management Public Company Limited (BAM-R.BK)

THB6.85 -0.10 (-1.44%)
TH SET Financial Services Asset Management
Address 99, Surasak Road 10500
Bangkok, TH
CEO Rak Vorrakitpokatorn
Website bam.co.th
IPO 2022-12-01
ISIN TH9479010R15

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Also trades on Stock Exchange of Thailand · BAM-R.BK (THB) Stock Exchange of Thailand · BAM.BK (THB)
Description

Bangkok Commercial Asset Management Public Company Limited functions as a specialized firm in the management of distressed assets. The company acquires non-performing loans (NPLs) from various financial institutions throughout Thailand, encompassing banks and fellow asset management companies. It then actively oversees these NPLs by engaging in debt restructuring discussions with debtors, striving for mutually beneficial solutions for all stakeholders whenever feasible. Additionally, the company procures non-performing assets (NPAs) through diverse channels, including negotiating property transfers from debtors, executing foreclosure actions for debt settlement, and directly purchasing NPAs from other financial entities. The NPLs under its purview are primarily collateralized by real estate, typically secured by a senior mortgage. Its portfolio of NPAs predominantly consists of real estate such as undeveloped land, hotels, manufacturing facilities, commercial properties, and a range of residential units like houses, townhouses, and apartments, alongside some movable items. Established in 1998, the company is headquartered in Bangkok, Thailand.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
THB6.85 -0.10 (-1.44%)
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Volume Profile
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Liquidity & share structure
Average Volume
15M
Beta
0.45
Float Shares
1.75B
Free Float %
54.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.53% -1.48% -10.14% -13.07% -8.90% -55.67% +7.26% -39.55% -63.26% -62.00% -62.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.85
DCF (Unlevered) 82.53 +1,104.8%
DCF (Levered) 4.50 -34.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
0.57
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Asset Management: +17.4%
    +22.2% Q1'26: -11.6% (vs Q1'25)
  • EPS growth Asset Management: +22.7%
    +12.0% Q1'26: -4.3% (vs Q1'25)
  • FCF margin FCF growth · Asset Management: +27.7%
    +42.2% Q1'26: +24.8% (vs Q1'25)
  • EBIT margin Asset Management: +50.6%
    +41.6% Q1'26: +42.3% (vs Q1'25)
  • ROIC Asset Management: +6.5%
    +3.3% Q1'26: +2.6% (vs Q1'25)
  • Share dilution Asset Management: +0.0%
    +0.0% Q1'26: +4.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    15.77× Q1'26: 21.48× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.53) × ERP
WACC = 19% × Ke + 81% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 80.42 Current price: 6.85
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
8 Rev. Ana.
1 EPS Ana.
Dec 2027
8 Rev. Ana.
1 EPS Ana.
Revenue
9.17B
est: 12.57B (-27.1%)
10.34B
est: 10.97B (-5.8%)
10.25B
est: 11.02B (-7.0%)
10.07B
est: 10.97B (-8.2%)
9.74B
est: 9.83B (-0.9%)
10.68B
est: 9.78B (+9.2%)
13.05B
est: 10.71B (+21.9%)
10.20B
9.02B – 11.20B
-4.7% YoY
9.99B
8.69B – 12.47B
-2.0% YoY
EBITDA
7.85B
est: 6.04B (+30.0%)
4.01B
est: 5.27B (-23.9%)
5.46B
est: 5.29B (+3.2%)
5.70B
est: 5.27B (+8.2%)
4.59B
est: 4.72B (-2.8%)
4.73B
est: 4.77B (-0.9%)
5.59B
est: 5.23B (+6.9%)
4.98B
4.40B – 5.47B
-4.7% YoY
4.88B
4.24B – 6.08B
-2.0% YoY
EBIT
7.71B
est: 5.86B (+31.6%)
3.87B
est: 5.11B (-24.4%)
5.32B
est: 5.14B (+3.6%)
5.56B
est: 5.11B (+8.8%)
4.44B
est: 4.58B (-2.9%)
4.57B
est: 4.64B (-1.5%)
5.43B
est: 5.08B (+6.8%)
4.84B
4.28B – 5.31B
-4.7% YoY
4.74B
4.12B – 5.91B
-2.0% YoY
Net Income
10.68B
est: 10.85B (-1.6%)
1.84B
est: 1.86B (-1.1%)
2.60B
est: 2.38B (+9.2%)
2.72B
est: 2.81B (-2.9%)
1.53B
est: 1.71B (-10.2%)
1.60B
est: 1.54B (+3.8%)
1.81B
est: 2.29B (-20.8%)
1.90B
1.59B – 2.33B
-17.1% YoY
2.05B
1.72B – 2.51B
+7.9% YoY
SGA
20.10M
est: 16.72M (+20.2%)
12.58M
est: 14.59M (-13.8%)
12.68M
est: 14.66M (-13.5%)
13.97M
est: 14.59M (-4.3%)
10.07M
est: 13.07M (-23.0%)
18.95M
est: 10.62M (+78.4%)
est: 11.63M (-100.0%)
11.08M
9.80M – 12.17M
-4.7% YoY
10.86M
9.44M – 13.54M
-2.0% YoY
EPS
3.88
est: 3.39 (+14.6%)
0.57
est: 0.58 (-1.9%)
0.80
est: 0.74 (+7.6%)
0.84
est: 0.88 (-4.1%)
0.47
est: 0.53 (-11.9%)
0.50
est: 0.48 (+4.7%)
0.56
est: 0.71 (-20.9%)
0.59
0.49 – 0.72
-17.1% YoY
0.63
0.53 – 0.78
+7.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-05-11 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-05-08 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-05-07 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-05-06 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-05-05 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-04-30 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-04-29 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-04-28 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-04-27 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-04-24 B 3/5 3/5 2/5 4/5 1/5 2/5 4/5
2026-04-23 B+ 3/5 4/5 2/5 5/5 1/5 2/5 4/5
2026-04-22 B+ 3/5 4/5 2/5 5/5 1/5 2/5 4/5
2026-04-21 B+ 3/5 4/5 2/5 5/5 1/5 2/5 4/5
2026-04-20 B+ 3/5 4/5 2/5 5/5 1/5 2/5 4/5
2026-04-17 B+ 3/5 4/5 2/5 5/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 2/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
8.23B
OE per share TTM
2.58
Owner's Yield
38.58%
Maintenance CapEx ratio
10.22%
Maint CapEx / Avg PPE
12.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 30 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Thailand ETF THD 0.21% 758.8K 0.59%
2 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.03% 25.2K 0.74%
3 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.03% 97.9K 0.72%
4 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.02% 68.5K 0.74%
5 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.02% 110.5K 0.55%
6 iShares MSCI EM IMI Screened UCITS ETF SEDM.L 0.00% 44.2K 0.18%
7 iShares Core MSCI Emerging Markets ETF IEMG 0.00% 4.62M 0.09%
8 iShares Core MSCI EM IMI UCITS ETF EIMU.L 0.00% 50.4K 0.18%
9 iShares Core MSCI EM IMI UCITS ETF EIMI.L 0.00% 1.23M 0.18%
10 iShares Core MSCI Emerging Markets IMI Index ETF XEC.TO 0.00% 92.9K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.19M
Shares Outstanding
3.23B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pisit Serewiwattana Executive Director 1M male
Somporn Moonsrikaew President of Business Division 360.0K male
Rak Vorrakitpokatorn Chief Executive Officer & Director 297.0K
Srisudaporn Khamenkitsongsin Executive Vice President of Sales Group 1 female
Thanakorn Wangpipatwong Deputy Chief Executive Officer of Information Technology & Digital Group and Chief Technology Officer male
Thongchai Chailohakul Executive Vice President of Business Supporting Group 1 male
Wannee Punkawong Vice President of Accounting Department female
Wasana Chuenklinthoop Dy. CEO of Bangkok & Vicinity Loan Restructuring & Sales Gr 1 & BU HEAD female
Weeravej Sirichatchai Deputy Chief Executive Officer of Org. Supporting Grp., Company Secretary and Chief Strategy & Communication male
Chanwit Kaveesoonthornsanoh Chief Financial Officer & Assistant Chief Executive Officer male
Wuthipan Tawantiang Deputy Chief Executive Officer of Regional Loan restructuring & Sales Group
Nopharat Ounjatturaporn Senior Executive Vice President of Regional Debt Restructuring Group male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits