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International Research Corporation Public Company Limited (IRCP.BK)

THB0.27 +0.01 (+3.85%)
TH SET Technology Software - Application
Address 199 Column Tower 10110
Bangkok, TH
CEO Dan Hetrakul
Website ircp.co.th
IPO 2003-07-31
ISIN TH0711010Z02

Explore sections of this company profile

Description

International Research Corporation Public Company Limited, founded in 1986 and headquartered in Bangkok, Thailand, focuses on the distribution and development of information technology, networking, and telecommunication systems throughout the country. Its operations are organized into two primary segments: Project Business and Non-Project Business. The company provides extensive telecommunications solutions, including point-to-point network connections utilizing advanced fiber optic and wireless technologies like DWDM, SDH, Multiplexers, and broadband. It delivers next-generation network solutions that integrate public telephone networks with IP-based systems for services such as VoIP, video communication, and instant messaging. Additional offerings encompass soft switch technology, mobile network infrastructure, comprehensive FTTx networking solutions, and 3G/LTE connectivity. For enterprise clients, International Research Corporation offers a full suite of business solutions, including enterprise resource planning (ERP), enterprise application integration (EAI), data warehousing, business intelligence, custom application development, and complete implementation support. Beyond these, the company provides specialized services like software replication and pad printing. It also plays a key role in digital broadcasting, supplying headend equipment, content distribution and transmission networks, new media solutions, and content production tools. This includes the design, construction, and installation of digital TV systems tailored for the broadcasting industry. Its broad service portfolio further extends to decision support systems, expert consultancy, radio and broadcast services, and comprehensive maintenance. Other offerings include monitoring and logging systems, network security and data backup, data warehousing and mining, telecommunication system management, bespoke application development, disaster recovery (DR) site solutions, computing hardware, and geographic information systems (GIS) leveraging cloud computing.

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
THB0.27 +0.01 (+3.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
691.3K
Beta
0.28
Float Shares
466.70M
Free Float %
110.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.70% +4.00% +4.00% -3.70% -10.34% -10.34% -29.73% -69.41% -77.19% -93.56% -89.39%
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
0.27
DCF (Levered) 2.79 +931.9%

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)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.54
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    -22.1% Q1'26: -1.0% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    -1,124.8% Q1'26: +143.8% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -35.7% Q1'26: +14.3% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    -22.8% Q1'26: +2.7% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    -32.2% Q1'26: +2.7% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    -0.87× Q1'26: 2.97× (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 (0.28) × ERP
WACC = 55% × Ke + 45% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.27
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

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

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-21 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-20 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-19 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-18 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-15 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-14 C+ 2/5 3/5 1/5 1/5 2/5 1/5 4/5
2026-05-13 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-12 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-11 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-08 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-23 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-22 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-21 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-20 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-17 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-16 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-13.48M
OE per share TTM
-0.02
Owner's Yield
-8.31%
Maintenance CapEx ratio
21.05%
Maint CapEx / Avg PPE
4.3%

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

This company is not held by any ETF 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
-653.7K
Shares Outstanding
422.06M

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
Dan Hetrakul Chief Executive Officer & Director male
Nikhom Wanichwattanaramluek Chief Operating Officer & Director male
Sudpratthana Nuprick Acting Chief Financial Officer female
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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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.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits