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Gunkul Engineering Public Company Limited (GUNKUL.BK)

THB5.05 +0.19 (+3.91%)
TH SET Utilities Independent Power Producers
Address No. 548, One City Centre (OCC) Building 10330
Bangkok, BKK, TH
CEO Naruechon Dhumrongpiyawut
Website gunkul.com
IPO 2010-10-19
ISIN TH1041010Z03

Explore sections of this company profile

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

Gunkul Engineering Public Company Limited, together with its subsidiaries, generates and sells renewable energy in Thailand, Japan, and Vietnam. The company operates in four segments: Manufacturing and Selling of Equipment for Electrical Systems; Generating and Selling Electricity; Construction Service; and Maintenance Service, Rental Service and Others. The company operates solar farms and rooftops, and wind farms; and operates and maintains power plants. It also constructs and invests in the electricity generation and sale business; manufactures, distributes, imports, and exports equipment for electrical systems; manufactures and sells energy-saving products; investsting; and provides training services. In addition, the company offers cables and accessories, fuses and switches, hardware and connectors, insulators and preformed products, lighting protection products, service and maintenance equipment, tools and maintenance equipment products, grounding systems, live part cover and animal protection products, circuit breakers, instrument transformers, street lighting, and meters and accessories; and led and streetlamps, floodlights, solar systems, batteries, bipv glass, flexible solar PV, and solar water pump products. Further, it provides drone thermal scan, peer-to-peer energy trading platform, energy living solutions for residential platforms, virtual power plant sandbox, battery energy storage system and virtual power plant, volt energy marketplace, and godungfaifaa online marketplace services. The company was incorporated in 1982 and is headquartered in Bangkok, Thailand. Gunkul Engineering Public Company Limited is a subsidiary of Gunkul Group Company Limited.

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
THB5.05 +0.19 (+3.91%)
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Volume Profile
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Liquidity & share structure
Average Volume
141M
Beta
0.90
Float Shares
3.58B
Free Float %
41.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.20% +2.42% +40.83% +53.64% +84.70% +77.89% +102.40% -11.52% -11.52% -13.99% +626.30%
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
vs.
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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
5.05
DCF (Unlevered) 2.86 -43.3%
DCF (Levered) 1.19 -76.4%

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.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.71
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Independent Power Producers: +3.4%
    -9.5% Q1'26: +23.4% (vs Q1'25)
  • EPS growth Independent Power Producers: -2.8%
    +10.5% Q1'26: +24.1% (vs Q1'25)
  • FCF margin FCF growth · Independent Power Producers: +37.9%
    +21.1% Q1'26: +31.5% (vs Q1'25)
  • EBIT margin Independent Power Producers: +18.7%
    +19.8% Q1'26: +15.7% (vs Q1'25)
  • ROIC Independent Power Producers: +4.3%
    +5.3% Q1'26: +4.8% (vs Q1'25)
  • Share dilution Independent Power Producers: +0.0%
    -0.4% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Independent Power Producers: 3.09×
    5.00× Q1'26: 5.57× (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 (0.73) × ERP
WACC = 67% × Ke + 33% × Kd (4.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.86 Current price: 5.05
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 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
5 Rev. Ana.
4 EPS Ana.
Dec 2027
5 Rev. Ana.
4 EPS Ana.
Dec 2028
4 Rev. Ana.
3 EPS Ana.
Revenue
4.45B
est: 4.86B (-8.5%)
3.12B
est: 3.90B (-20.0%)
4.77B
est: 4.92B (-3.2%)
6.23B
est: 6.06B (+2.8%)
7.10B
est: 6.73B (+5.5%)
8.65B
est: 5.71B (+51.6%)
9.32B
est: 8.74B (+6.6%)
7.51B
est: 7.65B (-1.9%)
7.61B
est: 8.28B (-8.2%)
9.06B
est: 9.38B (-3.4%)
8.20B
est: 8.33B (-1.5%)
9.89B
8.35B – 10.88B
+18.7% YoY
10.53B
8.60B – 11.86B
+6.5% YoY
11.70B
11.52B – 11.89B
+11.2% YoY
EBITDA
680.73M
est: 2.48B (-72.5%)
979.27M
est: 1.99B (-50.8%)
1.61B
est: 2.51B (-36.0%)
2.59B
est: 3.09B (-16.1%)
4.04B
est: 3.43B (+17.8%)
5.74B
est: 2.91B (+97.1%)
4.73B
est: 4.46B (+6.1%)
4.98B
est: 3.90B (+27.7%)
2.33B
est: 3.67B (-36.5%)
3.70B
est: 4.16B (-10.9%)
2.71B
est: 3.69B (-26.7%)
4.38B
3.70B – 4.82B
+18.7% YoY
4.67B
3.81B – 5.26B
+6.5% YoY
5.19B
5.11B – 5.27B
+11.2% YoY
EBIT
644.42M
est: 1.76B (-63.4%)
714.73M
est: 1.41B (-49.4%)
1.13B
est: 1.78B (-36.4%)
1.83B
est: 2.20B (-16.6%)
2.90B
est: 2.44B (+19.2%)
4.38B
est: 2.07B (+112.1%)
3.19B
est: 3.17B (+0.8%)
3.67B
est: 2.77B (+32.5%)
1.32B
est: 2.49B (-46.9%)
2.71B
est: 2.82B (-3.9%)
1.62B
est: 2.50B (-35.2%)
2.97B
2.51B – 3.27B
+18.7% YoY
3.16B
2.58B – 3.56B
+6.5% YoY
3.51B
3.46B – 3.57B
+11.2% YoY
Net Income
685.14M
est: 702.00M (-2.4%)
537.72M
est: 602.50M (-10.8%)
635.36M
est: 676.49M (-6.1%)
1.09B
est: 978.72M (+10.9%)
2.15B
est: 1.84B (+17.0%)
3.41B
est: 3.02B (+12.9%)
2.23B
est: 1.98B (+12.7%)
3.01B
est: 2.64B (+14.2%)
1.47B
est: 1.33B (+11.0%)
1.66B
est: 1.75B (-5.1%)
1.77B
est: 1.55B (+14.2%)
1.98B
1.93B – 2.03B
+27.8% YoY
2.11B
2.01B – 2.21B
+6.6% YoY
2.22B
2.16B – 2.27B
+5.2% YoY
SGA
521.03M
est: 614.86M (-15.3%)
533.55M
est: 493.53M (+8.1%)
690.97M
est: 622.96M (+10.9%)
713.48M
est: 767.20M (-7.0%)
1.37B
est: 851.31M (+61.2%)
886.35M
est: 722.12M (+22.7%)
972.08M
est: 1.11B (-12.1%)
1.03B
est: 967.85M (+6.1%)
1.15B
est: 1.12B (+2.6%)
1.24B
est: 1.27B (-2.3%)
1.22B
est: 1.13B (+7.9%)
1.34B
1.13B – 1.48B
+18.7% YoY
1.43B
1.17B – 1.61B
+6.5% YoY
1.59B
1.56B – 1.61B
+11.2% YoY
EPS
0.09
est: 0.08 (+14.3%)
0.06
est: 0.07 (-16.4%)
0.05
est: 0.08 (-36.2%)
0.12
est: 0.11 (+5.9%)
0.24
est: 0.21 (+12.9%)
0.39
est: 0.35 (+11.4%)
0.25
est: 0.23 (+9.2%)
0.34
est: 0.25 (+34.7%)
0.17
est: 0.15 (+11.4%)
0.19
est: 0.19 (-1.0%)
0.21
est: 0.18 (+16.7%)
0.23
0.22 – 0.24
+27.8% YoY
0.25
0.23 – 0.26
+7.8% YoY
0.26
0.25 – 0.26
+4.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A- 4/5 3/5 4/5 4/5 1/5 4/5 4/5
2026-05-07 A- 4/5 3/5 4/5 4/5 1/5 4/5 4/5
2026-05-06 A- 4/5 3/5 4/5 4/5 1/5 4/5 4/5
2026-05-05 A- 4/5 3/5 4/5 4/5 1/5 4/5 4/5
2026-04-30 A- 4/5 3/5 4/5 4/5 1/5 4/5 4/5
2026-04-29 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-28 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-27 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-24 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-23 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-22 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-21 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-20 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-17 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5
2026-04-16 A- 4/5 3/5 4/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.09B
OE per share TTM
0.36
Owner's Yield
11.03%
Maintenance CapEx ratio
220.69%
Maint CapEx / Avg PPE
239.0%

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 15 ETFs in our universe

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
1.33M
Shares Outstanding
8.60B

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
Sopacha Dhumrongpiyawut President & Director 1M female
Naruechon Dhumrongpiyawut Chief Executive Officer, Director & Board Secretary 729.5K female
Somboon Aueatchasai Executive Director 656.5K
Areewan Roonpraphan Chief Operating Officer of High Voltage Equipment 445.1K female
Chaisiri Wattanacharnnarong COO of Engineering & Turnkey and Director 256.6K male
Thitipong Techaratanayuenyong Chief Financial Officer & Head of Investor Relations 123.8K male
Somluk Kanuenghet Senior Vice President of Human Resources 115.8K female
Phongsakorn Damnoen Chief Operating Officer of Energy & Cannabis Business
Chantra Jongjamareeseethong Senior Vice President for Office of Chief Executive Officer female
Tanetsiri Farkmitr Head of Internal Audit & Head of Compliance male
Thamrong Chankraithong Senior Vice President of Sales & Marketing male
Janpon Ngamaroonchote Senior Vice President of Sales & Marketing - Energy Solution, Lighting and Groof 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