Forth Corporation Public Company Limited (FORTH.BK)
Bangkok, TH
Forth Corporation Public Company Limited, founded in 1989 and based in Bangkok, Thailand, is a diversified company specializing in the development, production, and distribution of electronic equipment across the country. Its operations are divided into three primary segments: Electronics Manufacturing Services, Enterprise Solutions, and Smart Service Business. The company offers an extensive range of electronic products and advanced solutions. These include specialized tracking devices such as the Forth Taglock EM for prisoner monitoring and general GPS systems. It also provides essential facility solutions like nurse call systems. In the smart infrastructure domain, Forth delivers innovative lighting solutions, intelligent traffic control systems, smart grids, multi-service network telephone exchange equipment, EV charging stations, and sophisticated smart meter systems, which feature digital energy/water consumption meters alongside software for automated data collection. For retail and consumer services, Forth provides compact gas and oil vending machines, versatile top-up and payment kiosks, the interactive Boonterm Counter Service (complete with touchscreen, usage monitoring, and receipt printing), Boonterm water dispensers, automated cup beverage machines, and various smart vending machines. Beyond its core electronic offerings, Forth Corporation also holds a notable presence in the aviation industry, dealing in KODIAK high-performance aircraft, managing a commercial aircraft maintenance center, and offering flight training. Its diverse activities further extend to trading electronic components, selling and installing light boards and traffic systems (including traffic board project concessions), providing consulting for information and computer software management as well as engineering services, e-commerce ventures, and turnkey CCTV installation. Additionally, the company offers financial services such as nano finance and personal loans, and is involved in the distribution of general goods.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -7.14% | +16.42% | +68.65% | +83.53% | +129.41% | +171.30% | +81.40% | -52.00% | +69.57% | +124.46% | +511.76% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Hardware, Equipment & Parts: +10.0%+25.6% ★ Q1'26: +6.5% (vs Q1'25)
-
EPS growth Hardware, Equipment & Parts: +20.2%+266.7% ★ Q1'26: +177.3% (vs Q1'25)
-
FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%+1.2% Q1'26: +5.9% (vs Q1'25)
-
EBIT margin Hardware, Equipment & Parts: +8.7%+9.2% ★ Q1'26: +7.3% (vs Q1'25)
-
ROIC Hardware, Equipment & Parts: +5.7%+9.6% ★ Q1'26: +6.9% (vs Q1'25)
-
Share dilution Hardware, Equipment & Parts: +0.0%+0.0% Q1'26: 0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×2.99× Q1'26: 3.96× (vs Q1'25)
* 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.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
5.02B
est: 5.06B (-0.8%)
|
5.26B
est: 5.19B (+1.5%)
|
6.95B
est: 6.95B (+0.0%)
|
7.81B
est: 7.72B (+1.2%)
|
6.52B
est: 7.86B (-17.0%)
|
6.79B
est: 8.14B (-16.5%)
|
8.51B
est: 8.68B (-1.9%)
|
9.43B
est: 9.22B (+2.3%)
|
9.49B
est: 9.59B (-1.0%)
|
8.77B
est: 9.76B (-10.2%)
|
11.01B
est: 12.27B (-10.2%)
|
14.92B
14.92B – 14.92B
+21.6% YoY
|
| EBITDA |
1.03B
est: 971.99M (+6.0%)
|
1.03B
est: 995.70M (+3.5%)
|
1.15B
est: 1.33B (-13.6%)
|
1.56B
est: 1.48B (+5.1%)
|
1.30B
est: 1.51B (-14.0%)
|
1.36B
est: 1.56B (-12.6%)
|
1.64B
est: 1.67B (-1.8%)
|
1.87B
est: 1.77B (+5.9%)
|
1.82B
est: 1.84B (-1.2%)
|
1.55B
est: 1.79B (-13.3%)
|
1.71B
est: 2.24B (-23.8%)
|
2.73B
2.73B – 2.73B
+21.6% YoY
|
| EBIT |
808.53M
est: 621.41M (+30.1%)
|
735.12M
est: 636.57M (+15.5%)
|
788.41M
est: 852.98M (-7.6%)
|
1.08B
est: 947.86M (+13.6%)
|
797.54M
est: 964.19M (-17.3%)
|
843.78M
est: 998.80M (-15.5%)
|
1.12B
est: 1.07B (+5.6%)
|
1.34B
est: 1.13B (+18.6%)
|
1.17B
est: 1.18B (-0.9%)
|
808.54M
est: 1.14B (-28.9%)
|
1.02B
est: 1.43B (-28.7%)
|
1.74B
1.74B – 1.74B
+21.6% YoY
|
| Net Income |
459.84M
est: 439.63M (+4.6%)
|
365.82M
est: 383.50M (-4.6%)
|
271.54M
est: 271.26M (+0.1%)
|
526.15M
est: 355.44M (+48.0%)
|
605.83M
est: 364.80M (+66.1%)
|
438.84M
est: 392.86M (+11.7%)
|
722.76M
est: 727.11M (-0.6%)
|
774.90M
est: 748.30M (+3.6%)
|
572.56M
est: 601.86M (-4.9%)
|
221.30M
est: 634.94M (-65.1%)
|
823.70M
est: 936.67M (-12.1%)
|
841.84M
841.84M – 841.84M
-10.1% YoY
|
| SGA |
816.33M
est: 726.14M (+12.4%)
|
902.74M
est: 743.85M (+21.4%)
|
1.08B
est: 996.73M (+8.7%)
|
961.95M
est: 1.11B (-13.2%)
|
1.02B
est: 1.13B (-9.6%)
|
978.17M
est: 1.17B (-16.2%)
|
1.05B
est: 1.24B (-15.5%)
|
1.27B
est: 1.32B (-3.9%)
|
1.41B
est: 1.38B (+2.9%)
|
1.45B
est: 1.38B (+5.2%)
|
1.48B
est: 1.74B (-14.5%)
|
2.11B
2.11B – 2.11B
+21.6% YoY
|
| EPS |
0.48
est: 0.47 (+2.1%)
|
0.38
est: 0.41 (-7.3%)
|
0.28
est: 0.29 (-3.4%)
|
0.55
est: 0.38 (+44.7%)
|
0.63
est: 0.39 (+61.5%)
|
0.47
est: 0.42 (+11.9%)
|
0.77
est: 0.78 (-0.9%)
|
0.83
est: 0.80 (+3.7%)
|
0.61
est: 0.64 (-5.2%)
|
0.24
est: 0.68 (-64.6%)
|
0.88
est: 1.00 (-12.1%)
|
0.90
0.90 – 0.90
-10.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-28 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-27 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-26 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-25 | A- | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-22 | A- | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-21 | A- | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-20 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-19 | A- | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-18 | A- | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-15 | A- | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-14 | A- | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 3/5 |
| 2026-05-13 | A | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-12 | A | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-11 | A | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-08 | A | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-07 | A | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-06 | A | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-05 | A | 4/5 | 4/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-30 | A | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-29 | A | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-28 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-27 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-23 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-22 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-21 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-20 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 3/5 | 5/5 | 4/5 | 1/5 | 4/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Dimensional Emerging Markets Sustainability Core 1 ETF DFSE | 0.00% | 22.9K | 0.44% |
| 2 | Dimensional - Emerging Markets Core Equity 2 ETF DFEM | 0.00% | 86.7K | 0.39% |
| 3 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 73.6K | 0.28% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Pichamon Amatanon | Executive Vice President of Operations & Executive Director | 172.0K | female |
| Pongchai Amatanon | Chief Executive Officer & Executive Director | 152.0K | male |
| Pattanan Amatanon | Executive Vice President of Business Development & Director | 88.0K | male |
| Arin Jamnaree | Accounting Director & Corporate Secretary | — | male |
| Kanapos Saetang | Head of Internal Audit | — | male |
| Pratchaya Somyapukdee | VP of Finance & Head of Investor Relations | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for FORTH.BK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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