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Netbay Public Company Limited (NETBAY.BK)

THB14.70 -0.10 (-0.68%)
TH SET Technology Software - Application
Address No. 719/5, 8-9 Rama 6 Road 10330
Bangkok, TH
CEO Kobkanjana Veerapongpradit
IPO 2016-06-16
ISIN TH7163010005

Explore sections of this company profile

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

Netbay Public Company Limited, established in Bangkok, Thailand, in 2004, specializes in the creation and deployment of digital technology platforms. These platforms are designed to facilitate seamless electronic business transactions and provide omni-channel connectivity, primarily within the trading sector. The company offers a comprehensive suite of digital business services, encompassing e-customs, customs e-payment solutions, a paperless e-manifest system for import/export reporting, and e-express services. They also develop gateways for electronic transaction reporting tailored for financial institutions, alongside customer due diligence gateways, custom software development, and robust cloud computing services. Their Software-as-a-Service (SaaS) offerings include essential infrastructure like data centers, disaster recovery facilities, and operating software systems that support their electronic transaction reporting gateway, along with comprehensive networking solutions and vital information protection services. Additionally, Netbay serves as an electronic data interchange (EDI) provider, delivering services for electronic transaction reporting and audit reports to a wide array of financial institutions, such as life and non-life insurance providers, securities and asset management firms, finance companies, and banks. They further streamline processes through electronic bank guarantee data interchange services, connecting banks with the Comptroller General's Department. The company caters to a diverse clientele across international and domestic trade and service industries. This includes manufacturers, exporters, importers, freight forwarders, shipping agents, customs brokers, terminal operators, transportation service providers, and the broader logistics and supply chain communities. Key users also comprise ocean, air, and express couriers, alongside the Thai Chamber of Commerce and the Board of Trade of 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
THB14.70 -0.10 (-0.68%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
-0.19
Float Shares
89.58M
Free Float %
44.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.05% +0.00% -38.96% -61.16% -53.92% -55.87% -46.89% -56.28% -63.50% -16.81% -16.81%
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
14.70
DCF (Unlevered) 63.64 +332.9%
DCF (Levered) 67.66 +360.2%

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.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
9.15
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
8 / 10
Strong MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Software - Application: +13.0%
    +25.2% Q1'26: -23.9% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +23.2% Q1'26: -51.4% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +40.0% Q1'26: +19.2% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +45.0% Q1'26: +30.2% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +220.1% Q1'26: +95.2% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +0.0% Q1'26: -1.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    0.06× Q1'26: 0.10× (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 (0.50) × ERP
WACC = 99% × Ke + 1% × Kd (8.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 63.64 Current price: 14.70
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 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.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
272.94M
est: 253.50M (+7.7%)
314.79M
est: 283.50M (+11.0%)
361.61M
est: 363.30M (-0.5%)
411.65M
est: 427.70M (-3.8%)
388.45M
est: 394.40M (-1.5%)
400.46M
est: 405.40M (-1.2%)
457.19M
est: 444.33M (+2.9%)
487.38M
est: 511.42M (-4.7%)
581.46M
est: 560.80M (+3.7%)
728.15M
est: 723.00M (+0.7%)
700.60M
700.60M – 700.60M
-3.1% YoY
878.75M
878.75M – 878.75M
+25.4% YoY
852.80M
852.80M – 852.80M
-3.0% YoY
EBITDA
98.19M
est: 125.52M (-21.8%)
125.95M
est: 140.37M (-10.3%)
158.97M
est: 179.88M (-11.6%)
191.22M
est: 211.77M (-9.7%)
176.61M
est: 195.28M (-9.6%)
204.84M
est: 200.73M (+2.0%)
228.68M
est: 220.00M (+3.9%)
241.34M
est: 257.08M (-6.1%)
298.95M
est: 281.90M (+6.0%)
358.53M
est: 363.43M (-1.3%)
352.17M
352.17M – 352.17M
-3.1% YoY
441.73M
441.73M – 441.73M
+25.4% YoY
428.68M
428.68M – 428.68M
-3.0% YoY
EBIT
95.05M
est: 116.19M (-18.2%)
122.71M
est: 129.94M (-5.6%)
155.73M
est: 166.51M (-6.5%)
181.05M
est: 196.03M (-7.6%)
160.96M
est: 180.77M (-11.0%)
190.10M
est: 185.81M (+2.3%)
214.85M
est: 203.65M (+5.5%)
225.52M
est: 238.09M (-5.3%)
273.26M
est: 261.08M (+4.7%)
327.96M
est: 336.59M (-2.6%)
326.16M
326.16M – 326.16M
-3.1% YoY
409.10M
409.10M – 409.10M
+25.4% YoY
397.01M
397.01M – 397.01M
-3.0% YoY
Net Income
89.32M
est: 73.64M (+21.3%)
115.80M
est: 83.31M (+39.0%)
148.81M
est: 147.00M (+1.2%)
179.08M
est: 182.00M (-1.6%)
156.45M
est: 150.00M (+4.3%)
165.57M
est: 161.00M (+2.8%)
169.74M
est: 167.00M (+1.6%)
180.30M
est: 187.03M (-3.6%)
215.92M
est: 210.00M (+2.8%)
265.56M
est: 270.00M (-1.6%)
233.00M
233.00M – 233.00M
-13.7% YoY
311.00M
311.00M – 311.00M
+33.5% YoY
274.00M
274.00M – 274.00M
-11.9% YoY
SGA
84.94M
est: 63.00M (+34.8%)
86.15M
est: 70.45M (+22.3%)
94.01M
est: 90.28M (+4.1%)
106.58M
est: 106.29M (+0.3%)
101.85M
est: 98.01M (+3.9%)
84.72M
est: 100.75M (-15.9%)
89.43M
est: 110.42M (-19.0%)
165.71M
est: 128.47M (+29.0%)
135.59M
est: 140.87M (-3.7%)
200.69M
est: 181.61M (+10.5%)
175.99M
175.99M – 175.99M
-3.1% YoY
220.74M
220.74M – 220.74M
+25.4% YoY
214.22M
214.22M – 214.22M
-3.0% YoY
EPS
0.49
est: 0.37 (+33.1%)
0.58
est: 0.42 (+39.2%)
0.74
est: 0.74 (+0.7%)
0.90
est: 0.91 (-1.1%)
0.78
est: 0.75 (+4.0%)
0.83
est: 0.81 (+3.1%)
0.85
est: 0.84 (+1.8%)
0.90
est: 0.94 (-3.8%)
1.08
est: 1.05 (+2.9%)
1.33
est: 1.35 (-1.5%)
1.17
1.17 – 1.17
-13.7% YoY
1.56
1.56 – 1.56
+33.5% YoY
1.37
1.37 – 1.37
-11.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-21 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-20 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-19 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-18 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-15 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-14 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-13 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-12 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-11 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-08 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-07 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-06 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-05 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-30 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-29 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-28 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-27 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-24 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-23 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-22 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-21 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-20 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-17 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-16 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
296.34M
OE per share TTM
1.48
Owner's Yield
15.76%
Maintenance CapEx ratio
0.67%
Maint CapEx / Avg PPE
8.5%

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
2.29M
Shares Outstanding
200.00M

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
Chittima Kumwiengchan Corporate Secretary female
Kobkanjana Veerapongpradit Chief Executive Officer & Director female
Marnit Aongphisud Head of Internal Audit male
Ornrueda Kumlertluck Accounting Manager female
Pichit Viwatrujirapong President, Chief Creative Officer & Vice Chairman male
Sansanee Thaksiri Deputy Managing Director female
Sutarin Wongsongcha CFO & Head of Investor Relations 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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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits