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Ratch Group Public Company Limited (RATCH.BK)

THB36.75 -0.50 (-1.34%)
TH SET Utilities Regulated Electric
Address 72 Ngam Wong Wan Rd. 11000
Nonthaburi, TH
CEO Nitus Voraphonpiput
IPO 2000-11-03
ISIN TH0637010Y00

Explore sections of this company profile

Also trades on Other OTC · RGPCF (USD) Stock Exchange of Thailand · RATCH-R.BK (THB) Stock Exchange of Thailand · RATCH.BK (THB)
Description

Ratch Group Public Company Limited, along with its subsidiaries, is primarily engaged in the production and distribution of electricity, with operations extending across Thailand, Australia, and various international markets. The company's business activities are structured across four key divisions: domestic electricity generation, renewable energy development, international power ventures, and a segment encompassing related business and infrastructure. Power generation relies on a diverse energy mix, utilizing conventional sources like natural gas, coal, and fuel oil, as well as sustainable alternatives such as solar, wind, and biomass. Furthermore, Ratch Group offers specialized services for power plant operation and maintenance and strategically invests in the wider energy sector. Established in Nonthaburi, Thailand, in 2000, the company rebranded from Ratchaburi Electricity Generating Holding Public Company Limited to its present name in April 2019.

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
THB36.75 -0.50 (-1.34%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.24
Float Shares
1.09B
Free Float %
50.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.83% +0.00% +1.71% -5.56% +1.71% +0.85% +14.42% -20.13% -37.00% -39.14% +125.38%
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
36.75
DCF (Unlevered) 126.20 +243.4%
DCF (Levered) 152.77 +315.7%

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) 63% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 4 0
Hold 2 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
0.93
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Electric: +9.0%
    -17.3% Q1'26: +100.9% (vs Q1'25)
  • EPS growth Regulated Electric: +12.7%
    +1.4% Q1'26: +0.0% (vs Q1'25)
  • FCF margin FCF growth · Regulated Electric: +35.5%
    +15.3% Q1'26: +23.8% (vs Q1'25)
  • EBIT margin Regulated Electric: +19.9%
    +8.7% Q1'26: +11.5% (vs Q1'25)
  • ROIC Regulated Electric: +4.4%
    +1.1% Q1'26: +2.4% (vs Q1'25)
  • Share dilution Regulated Electric: +0.0%
    +0.0% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Regulated Electric: 4.23×
    19.27× Q1'26: 12.39× (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 (0.22) × ERP
WACC = 36% × Ke + 64% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 119.46 Current price: 36.75
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
6 Rev. Ana.
8 EPS Ana.
Dec 2027
6 Rev. Ana.
8 EPS Ana.
Dec 2028
3 Rev. Ana.
7 EPS Ana.
Revenue
57.18B
est: 56.09B (+1.9%)
47.58B
est: 51.65B (-7.9%)
42.00B
est: 46.92B (-10.5%)
39.52B
est: 42.38B (-6.8%)
38.36B
est: 40.81B (-6.0%)
34.21B
est: 38.43B (-11.0%)
37.33B
est: 39.24B (-4.9%)
74.73B
est: 52.44B (+42.5%)
43.98B
est: 32.83B (+33.9%)
33.13B
est: 51.72B (-35.9%)
27.42B
est: 30.75B (-10.8%)
33.65B
23.38B – 44.93B
+9.4% YoY
31.46B
19.54B – 44.70B
-6.5% YoY
31.60B
30.89B – 32.32B
+0.4% YoY
EBITDA
7.10B
est: 12.77B (-44.4%)
6.73B
est: 11.76B (-42.7%)
6.11B
est: 10.68B (-42.8%)
3.98B
est: 9.65B (-58.8%)
5.85B
est: 9.29B (-37.0%)
5.24B
est: 8.75B (-40.1%)
6.08B
est: 8.93B (-32.0%)
7.29B
est: 11.94B (-39.0%)
11.03B
est: 7.93B (+39.1%)
15.70B
est: 12.49B (+25.7%)
6.09B
est: 7.43B (-17.9%)
8.13B
5.65B – 10.85B
+9.4% YoY
7.60B
4.72B – 10.79B
-6.5% YoY
7.63B
7.46B – 7.80B
+0.4% YoY
EBIT
5.81B
est: 8.62B (-32.6%)
5.43B
est: 7.94B (-31.6%)
4.80B
est: 7.21B (-33.5%)
2.72B
est: 6.52B (-58.3%)
4.30B
est: 6.27B (-31.5%)
7.87B
est: 5.91B (+33.1%)
9.87B
est: 6.03B (+63.6%)
9.59B
est: 8.06B (+19.0%)
6.97B
est: 4.99B (+39.5%)
11.68B
est: 7.86B (+48.5%)
2.39B
est: 4.68B (-48.9%)
5.12B
3.56B – 6.83B
+9.4% YoY
4.78B
2.97B – 6.80B
-6.5% YoY
4.81B
4.70B – 4.91B
+0.4% YoY
Net Income
3.19B
est: 6.08B (-47.6%)
6.17B
est: 7.50B (-17.8%)
6.11B
est: 9.28B (-34.2%)
5.59B
est: 8.44B (-33.8%)
5.96B
est: 8.81B (-32.3%)
6.29B
est: 7.72B (-18.6%)
7.82B
est: 9.73B (-19.6%)
5.78B
est: 5.58B (+3.6%)
5.17B
est: 5.42B (-4.7%)
6.13B
est: 5.58B (+9.9%)
6.22B
est: 6.81B (-8.7%)
6.64B
5.12B – 8.22B
-2.5% YoY
6.97B
4.75B – 8.56B
+5.0% YoY
6.98B
4.42B – 8.05B
+0.0% YoY
SGA
1.41B
est: 3.33B (-57.7%)
1.30B
est: 3.07B (-57.8%)
1.49B
est: 2.79B (-46.6%)
1.47B
est: 2.52B (-41.6%)
1.44B
est: 2.42B (-40.6%)
1.60B
est: 2.28B (-29.8%)
1.70B
est: 2.33B (-26.9%)
2.78B
est: 3.11B (-10.7%)
3.04B
est: 2.43B (+25.1%)
3.25B
est: 3.82B (-14.9%)
3.28B
est: 2.27B (+44.3%)
2.49B
1.73B – 3.32B
+9.4% YoY
2.33B
1.45B – 3.31B
-6.5% YoY
2.34B
2.28B – 2.39B
+0.4% YoY
EPS
2.04
est: 2.80 (-27.0%)
3.93
est: 3.45 (+13.9%)
3.85
est: 4.26 (-9.7%)
3.57
est: 3.88 (-8.0%)
3.81
est: 4.05 (-5.9%)
4.02
est: 3.55 (+13.2%)
5.00
est: 4.47 (+11.8%)
3.15
est: 4.21 (-25.3%)
2.38
est: 2.49 (-4.5%)
2.82
est: 3.27 (-13.9%)
2.86
est: 3.12 (-8.3%)
3.07
2.35 – 3.78
-1.6% YoY
3.22
2.18 – 3.93
+4.9% YoY
3.22
2.03 – 3.70
0.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 5/5 2/5 3/5 2/5 4/5 4/5
2026-05-08 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-05-07 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-05-06 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-05-05 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-30 A 4/5 5/5 2/5 4/5 2/5 4/5 5/5
2026-04-29 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-28 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-27 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-24 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-23 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-22 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-21 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-20 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-17 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5
2026-04-16 A- 4/5 5/5 2/5 4/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.44B
OE per share TTM
2.97
Owner's Yield
9.87%
Maintenance CapEx ratio
447.98%
Maint CapEx / Avg PPE
106.0%

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 5 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Dividend ETF EDIV 0.30% 3.68M 0.49%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.05% 386.8K 0.65%
3 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 242.7K 0.39%
4 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 309.5K 0.28%
5 State Street SPDR S&P Emerging Markets Dividend ETF EDIV 0.00% 22.9K 0.49%

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
5.20M
Shares Outstanding
2.17B

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
Nitus Voraphonpiput CEO, President, Secretary to the Board & Director 21.9K male
Boonchai Jarunwaraphan Chief Project Development Officer male
Kamolkarn Hinviman Senior Vice President & Head of Internal Audit Department female
Nawapol Disathien Executive Vice President of Legal & Corporate Service male
Peerawat Pumthong Deputy Chief Executive Officer male
Puthachard Smitamegha Senior Vice President & Head of Tax Management and General Ledger Department female
Sakarin Tangkavachiranon Chief Investment Officer male
Saowanee Deetayat Executive Vice President of Accounting female
Somboon Kositvanich Senior Vice President & Head of Internal Audit Division male
Supatra Thongkarn Executive Vice President of Financial female
Suteep Thummarugee Acting Chief Operating Officer male
Wadeerat Charoencoop 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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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits