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Thai Solar Energy Public Company Limited (TSE.BK)

THB0.78 -0.02 (-2.50%)
TH SET Utilities Independent Power Producers
Address 725 S-Metro 10110
Bangkok, BKK, TH
CEO Cathleen Maleenont
IPO 2014-10-30
ISIN TH5976010006

Explore sections of this company profile

Description

Thai Solar Energy Public Company Limited generates and distributes electricity from solar and biomass power plants in Thailand. The company operates in three segments, Power Plant, Management Services, and Other. It operates solar farm, solar rooftop, and solar floating projects, as well as biomass powerplants. The company also provides renewable energy, management, repair and maintenance, and medical services. It serves government and private sector clients. The company was formerly known as Siam Solar Energy Co., Ltd. and changed its name to Thai Solar Energy Public Company Limited in 2009. Thai Solar Energy Public Company Limited was incorporated in 2008 and is headquartered in Bangkok, 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
THB0.78 -0.02 (-2.50%)
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Volume Profile
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Liquidity & share structure
Average Volume
25M
Beta
-0.09
Float Shares
843.17M
Free Float %
39.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +8.75% +19.18% +85.11% +107.14% +85.11% +135.14% -61.84% -69.58% -77.04% -87.34%
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
0.78
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
0.76
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
2 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Independent Power Producers: +3.4%
    +5.7% Q1'26: -5.6% (vs Q1'25)
  • EPS growth Independent Power Producers: -2.8%
    +109.2% Q1'26: -15.3% (vs Q1'25)
  • FCF margin FCF growth · Independent Power Producers: +37.9%
    -15.2% Q1'26: +2.6% (vs Q1'25)
  • EBIT margin Independent Power Producers: +18.7%
    +12.7% Q1'26: +26.1% (vs Q1'25)
  • ROIC Independent Power Producers: +4.3%
    +2.9% Q1'26: +5.3% (vs Q1'25)
  • Share dilution Independent Power Producers: +0.0%
    -0.1% Q1'26: -0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Independent Power Producers: 3.09×
    6.93× Q1'26: 5.47× (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 (1.08) × ERP
WACC = 36% × Ke + 64% × Kd (6.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.78
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 2022
actual
Dec 2023
actual
Dec 2024
actual
Revenue
128.86M
est: 123.00M (+4.8%)
421.73M
est: 214.00M (+97.1%)
229.00M
est: 123.00M (+86.2%)
561.37M
est: 214.00M (+162.3%)
1.35B
est: 214.00M (+530.3%)
1.31B
est: 1.45B (-9.2%)
1.18B
est: 3.09B (-61.8%)
1.18B
est: 3.19B (-63.2%)
EBITDA
598.60M
est: 42.07M (+1,322.7%)
199.92M
est: 73.20M (+173.1%)
602.90M
est: 42.07M (+1,332.9%)
504.05M
est: 73.20M (+588.6%)
1.27B
est: 73.20M (+1,638.0%)
825.18M
est: 495.31M (+66.6%)
13.45M
est: 1.06B (-98.7%)
-121.26M
est: 847.81M (-114.3%)
EBIT
556.37M
est: 1.07M (+52,004.7%)
698.65M
est: 1.86M (+37,506.3%)
520.66M
est: 1.07M (+48,659.6%)
347.01M
est: 1.86M (+18,578.5%)
930.80M
est: 1.86M (+50,002.5%)
490.82M
est: 12.57M (+3,804.5%)
-676.85M
est: 26.84M (-2,621.6%)
-436.33M
est: -201.99M (-116.0%)
Net Income
526.59M
est: 598.02M (-11.9%)
617.63M
est: 558.63M (+10.6%)
415.76M
est: 598.02M (-30.5%)
173.95M
est: 558.63M (-68.9%)
774.58M
est: 549.04M (+41.1%)
723.77M
est: 740.86M (-2.3%)
-2.98B
est: 889.03M (-435.3%)
-501.21M
est: 634.61M (-179.0%)
SGA
87.96M
est: 49.43M (+77.9%)
156.55M
est: 86.00M (+82.0%)
148.69M
est: 49.43M (+200.8%)
206.64M
est: 86.00M (+140.3%)
233.35M
est: 86.00M (+171.3%)
206.53M
est: 581.94M (-64.5%)
1.36B
est: 1.24B (+9.5%)
320.99M
est: 1.23B (-73.9%)
EPS
0.27
est: 0.28 (-4.4%)
0.32
est: 0.26 (+21.3%)
0.22
est: 0.28 (-22.1%)
0.09
est: 0.26 (-65.4%)
0.40
est: 0.26 (+54.2%)
0.34
est: 0.35 (-2.9%)
-1.41
est: 0.42 (-435.7%)
-0.24
est: 0.30 (-180.0%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-25 C+ 2/5 1/5 1/5 2/5 3/5 1/5 5/5
2026-05-22 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-21 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-20 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-19 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-18 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-15 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-14 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-13 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-12 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-11 B- 2/5 1/5 1/5 2/5 3/5 2/5 5/5
2026-05-08 B- 3/5 1/5 1/5 2/5 3/5 3/5 5/5
2026-05-07 B- 3/5 1/5 1/5 2/5 3/5 3/5 5/5
2026-05-06 B- 3/5 1/5 1/5 2/5 3/5 3/5 5/5
2026-05-05 B 3/5 1/5 1/5 3/5 3/5 3/5 5/5
2026-04-30 B- 2/5 1/5 1/5 3/5 2/5 2/5 5/5
2026-04-29 B- 2/5 1/5 1/5 3/5 2/5 2/5 5/5
2026-04-28 B- 2/5 1/5 1/5 3/5 2/5 2/5 5/5
2026-04-27 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5
2026-04-24 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5
2026-04-23 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5
2026-04-22 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5
2026-04-21 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5
2026-04-20 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5
2026-04-17 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5
2026-04-16 B- 3/5 1/5 1/5 4/5 2/5 2/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
426.18M
OE per share TTM
0.19
Owner's Yield
23.16%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
559.0%

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

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
1.04M
Shares Outstanding
2.12B

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
Angkanee Rerksirisuk Chief Financial Officer & Director 790.0K female
Cathleen Maleenont Chief Executive Officer & Vice-Chairman of the Board 595.0K
Chadatirud Lertaveesin Investor Relations Division Manager male
Kedsara Lertpanasan Assistant Vice President of Finance Controllers female
Kitiphong Thunnom CTO & Director male
Nottaporn Thiengprathes Vice President of Compliance & Information Technology 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