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True Corporation Public Company Limited (TRUE.BK)

THB13.60 +0.00 (+0.00%)
TH SET Communication Services Telecommunications Services
Address 18 True Tower 10310
Bangkok, TH
CEO Sigve Brekke
IPO 2000-01-04
ISIN THB231010000

Explore sections of this company profile

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

True Corporation Public Company Limited, alongside its subsidiaries, stands as a prominent entity within Thailand's telecommunications and broad communications sectors. The company operates primarily through its distinct segments: TrueMove H, TrueOnline, and TrueVisions, offering a comprehensive array of services. These encompass mobile connectivity, high-speed internet, Wi-Fi solutions, diverse content and media, television broadcasting, and advanced digital platforms and solutions. Beyond these fundamental telecommunication offerings, True Corporation engages in a multitude of other business activities. Its ventures include entertainment, the leasing of mobile equipment, program creation, non-governmental telecommunications, and artist representation. The firm also functions as an internet service provider and distributor, manages marketing initiatives, and operates a news channel. Further diversifying its portfolio, True delivers business solutions, provides online digital media services across various platforms, oversees distribution centers, and offers logistics consulting and management. Its operations also extend to advertising sales, wireless communication, cable pay television, and the management of a football club. Additionally, True acts as a content developer, designs and markets software, specializes in data analytics and digital innovation, supplies hospitality technology, and provides business process outsourcing for technical support, marketing, and customer relations. Established in 1990, the company maintains its headquarters in Bangkok, Thailand. It was previously known as TelecomAsia Corporation Public Company Limited until its official renaming to True Corporation Public Company Limited in April 2004.

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
THB13.60 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
195M
Beta
-0.14
Float Shares
12.21B
Free Float %
35.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.26% +5.00% +2.80% +8.09% +24.58% +34.86% +21.49% +92.16% +365.19% +98.65% -78.61%
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
13.60
DCF (Unlevered) 194.91 +1,333.2%
DCF (Levered) 55.12 +305.3%

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) 89% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 12 -1
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.38
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Telecommunications Services: +7.0%
    -5.0% Q1'26: -9.8% (vs Q1'25)
  • EPS growth Telecommunications Services: +15.8%
    +184.4% Q1'26: +280.0% (vs Q1'25)
  • FCF margin FCF growth · Telecommunications Services: +29.4%
    +28.1% Q1'26: +16.0% (vs Q1'25)
  • EBIT margin Telecommunications Services: +14.7%
    +18.6% Q1'26: +24.1% (vs Q1'25)
  • ROIC Telecommunications Services: +6.4%
    +6.3% Q1'26: +8.6% (vs Q1'25)
  • Share dilution Telecommunications Services: +0.0%
    +0.0% Q1'26: +6.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    4.88× Q1'26: 3.71× (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 (-0.14) × ERP
WACC = 49% × Ke + 51% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 201.10 Current price: 13.60
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 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
12 Rev. Ana.
12 EPS Ana.
Dec 2027
15 Rev. Ana.
14 EPS Ana.
Dec 2028
12 Rev. Ana.
10 EPS Ana.
Dec 2029
11 Rev. Ana.
4 EPS Ana.
Revenue
135.08B
est: 132.68B (+1.8%)
202.89B
est: 238.53B (-14.9%)
206.02B
est: 208.87B (-1.4%)
195.67B
est: 199.31B (-1.8%)
190.78B
186.65B – 201.16B
-4.3% YoY
195.20B
189.13B – 207.62B
+2.3% YoY
198.44B
198.03B – 198.84B
+1.7% YoY
198.68B
193.43B – 210.42B
+0.1% YoY
EBITDA
52.05B
est: 57.91B (-10.1%)
67.93B
est: 109.25B (-37.8%)
82.99B
est: 95.67B (-13.3%)
107.27B
est: 91.28B (+17.5%)
87.38B
85.49B – 92.13B
-4.3% YoY
89.40B
86.62B – 95.09B
+2.3% YoY
90.89B
90.70B – 91.07B
+1.7% YoY
91.00B
88.59B – 96.37B
+0.1% YoY
EBIT
15.95B
est: 10.14B (+57.3%)
6.32B
est: 21.88B (-71.1%)
10.96B
est: 19.16B (-42.8%)
36.42B
est: 18.28B (+99.2%)
17.50B
17.12B – 18.45B
-4.3% YoY
17.90B
17.35B – 19.04B
+2.3% YoY
18.20B
18.16B – 18.24B
+1.7% YoY
18.22B
17.74B – 19.30B
+0.1% YoY
Net Income
-18.29B
est: -23.47B (+22.1%)
-17.50B
est: -18.44B (+5.1%)
-10.97B
est: -4.13B (-165.5%)
9.24B
est: 11.98B (-22.9%)
24.23B
20.13B – 28.85B
+102.3% YoY
28.42B
21.31B – 37.81B
+17.3% YoY
30.45B
23.97B – 36.68B
+7.2% YoY
42.84B
41.37B – 46.14B
+40.7% YoY
SGA
29.37B
est: 24.99B (+17.6%)
39.49B
est: 42.74B (-7.6%)
32.00B
est: 37.43B (-14.5%)
29.18B
est: 35.71B (-18.3%)
34.19B
33.45B – 36.05B
-4.3% YoY
34.98B
33.89B – 37.20B
+2.3% YoY
35.56B
35.49B – 35.63B
+1.7% YoY
35.60B
34.66B – 37.71B
+0.1% YoY
EPS
-0.53
est: -0.66 (+19.7%)
-0.42
est: -0.54 (+21.8%)
-0.32
est: -0.12 (-173.4%)
0.27
est: 0.34 (-20.5%)
0.69
0.58 – 0.84
+104.3% YoY
0.81
0.62 – 1.09
+17.0% YoY
0.88
0.69 – 1.06
+8.9% YoY
1.24
1.20 – 1.34
+40.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C 2/5 1/5 4/5 3/5 1/5 1/5 1/5
2026-05-07 C 2/5 1/5 4/5 3/5 1/5 1/5 1/5
2026-05-06 C 2/5 1/5 4/5 3/5 1/5 1/5 1/5
2026-05-05 C 2/5 1/5 4/5 3/5 1/5 1/5 1/5
2026-04-30 C 2/5 1/5 4/5 3/5 1/5 1/5 1/5
2026-04-29 C 2/5 1/5 3/5 3/5 1/5 1/5 1/5
2026-04-28 C 2/5 1/5 3/5 3/5 1/5 1/5 1/5
2026-04-27 C 2/5 1/5 3/5 3/5 1/5 1/5 1/5
2026-04-24 C 2/5 1/5 3/5 3/5 1/5 1/5 1/5
2026-04-23 C 2/5 1/5 3/5 3/5 1/5 1/5 1/5
2026-04-22 C 2/5 1/5 3/5 3/5 1/5 1/5 1/5
2026-04-21 C 2/5 1/5 3/5 4/5 1/5 1/5 1/5
2026-04-20 C 2/5 1/5 3/5 4/5 1/5 1/5 1/5
2026-04-17 C+ 2/5 1/5 4/5 4/5 1/5 1/5 1/5
2026-04-16 C+ 2/5 1/5 4/5 4/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
21.15B
OE per share TTM
0.61
Owner's Yield
4.25%
Maintenance CapEx ratio
400.33%
Maint CapEx / Avg PPE
189.0%

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 Asia Pacific ETF GMF 0.05% 234.1K 0.49%
2 State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF EEMX 0.04% 66.2K 0.30%
3 Invesco MSCI Emerging Markets UCITS ETF MXFS.L 0.04% 166.0K 0.09%
4 UBS Core MSCI EM UCITS ETF USD dis UB30.L 0.03% 4.30M 0.15%
5 UBS MSCI ACWI Universal UCITS ETF hCHF acc AWESGS.SW 0.00% 253.5K 0.26%

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
3.09M
Shares Outstanding
34.55B

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
Suphachai Chearavanont Executive Chairman of the Board 4M male
Manat Manavutiveth Chief Customer Experience & Retail Officer male
Marayat Dreyer Head of Compliance & Monitoring female
Nakul Sehgal Chief Financial Officer male
Naureen Quayum Head of Investor Relations female
Prathet Tankuranun Acting Chief IT & Security Officer male
Raksa-orn Tantivess Head of Accounting Division female
Sarinra Wongsuppaluk Chief Human Resources Officer female
Sharad Chandra Mehrotra Chief Consumer Business Officer male
Sigve Brekke Group CEO & Director male
Tanaphon Manavutiveth Chief Home Connectivity Officer male
Teeradet Dumrongbhalasitr Chief Business Officer
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