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WHA Utilities and Power Public Company Limited (WHAUP.BK)

THB8.25 +0.10 (+1.23%)
TH SET Utilities Regulated Water
Address 777 WHA TOWER 10540
Samut Prakan, TH
CEO Akarin Prathuangsit
Website wha-up.com
IPO 2017-04-10
ISIN TH7846010Z09

Explore sections of this company profile

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

WHA Utilities and Power Public Company Limited delivers a comprehensive suite of utility products and services, operating both within Thailand and across international markets. Its operations are segmented into Water Business, Power Business, and a Holding Company. Within its Water Business, the company is responsible for sourcing and distributing raw and industrial water, alongside offering wastewater treatment solutions to various clients, including operators within industrial estates and lands, as well as other direct consumers. The Power Business focuses on the generation and distribution of electricity, utilizing a diverse portfolio of energy sources such as natural gas, coal, hydro, solar, and waste-to-energy. Originally established in 2008 as Hemaraj Clean Water Company Limited, the company adopted its current name, WHA Utilities and Power Public Company Limited, in August 2016. Its headquarters are located in Samut Prakarn, Thailand, and it operates as a subsidiary of WHA Industrial Development Public Company Limited.

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
THB8.25 +0.10 (+1.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
11M
Beta
0.44
Float Shares
979.39M
Free Float %
25.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.78% -0.80% +9.73% +0.00% +17.54% +18.10% +54.04% +30.53% +15.89% -5.52% -5.52%
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
8.25
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 7 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.91
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Water: +6.5%
    +9.2% Q1'26: +58.6% (vs Q1'25)
  • EPS growth Regulated Water: +7.9%
    -6.9% Q1'26: +383.3% (vs Q1'25)
  • FCF margin FCF growth · Regulated Water: +32.9%
    +3.5% Q1'26: +21.5% (vs Q1'25)
  • EBIT margin Regulated Water: +27.3%
    +28.2% Q1'26: +47.2% (vs Q1'25)
  • ROIC Regulated Water: +4.5%
    +2.8% Q1'26: +13.0% (vs Q1'25)
  • Share dilution Regulated Water: +0.0%
    +0.0% Q1'26: -72.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Regulated Water: 3.43×
    11.74× Q1'26: 0.00× (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 (0.35) × ERP
WACC = 52% × Ke + 48% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 8.25
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 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
7 Rev. Ana.
7 EPS Ana.
Dec 2027
7 Rev. Ana.
7 EPS Ana.
Dec 2028
4 Rev. Ana.
4 EPS Ana.
Revenue
1.63B
est: 1.67B (-2.1%)
1.71B
est: 2.21B (-22.6%)
1.86B
est: 2.04B (-9.2%)
1.70B
est: 1.79B (-5.2%)
2.18B
est: 2.21B (-1.5%)
2.44B
est: 2.36B (+3.5%)
2.78B
est: 2.81B (-1.0%)
2.93B
est: 2.95B (-0.8%)
3.19B
est: 3.19B (+0.2%)
3.68B
3.46B – 4.18B
+15.3% YoY
4.13B
3.72B – 4.77B
+12.2% YoY
4.61B
4.60B – 4.62B
+11.7% YoY
EBITDA
704.19M
est: 975.24M (-27.8%)
810.02M
est: 1.29B (-37.2%)
2.69B
est: 1.19B (+124.9%)
1.44B
est: 1.05B (+38.0%)
1.08B
est: 1.29B (-16.3%)
1.04B
est: 1.38B (-24.4%)
1.16B
est: 1.70B (-31.6%)
2.13B
est: 1.78B (+19.5%)
1.48B
est: 1.93B (-23.5%)
2.23B
2.09B – 2.53B
+15.3% YoY
2.50B
2.25B – 2.89B
+12.2% YoY
2.79B
2.78B – 2.79B
+11.7% YoY
EBIT
388.43M
est: 713.14M (-45.5%)
457.44M
est: 942.83M (-51.5%)
2.48B
est: 873.40M (+184.1%)
1.22B
est: 765.42M (+58.8%)
1.12B
est: 945.25M (+18.0%)
866.99M
est: 1.01B (-14.0%)
727.31M
est: 1.07B (-31.9%)
1.62B
est: 1.12B (+45.0%)
900.84M
est: 1.21B (-25.7%)
1.40B
1.32B – 1.59B
+15.3% YoY
1.57B
1.41B – 1.81B
+12.2% YoY
1.75B
1.75B – 1.76B
+11.7% YoY
Net Income
1.98B
est: 1.88B (+5.3%)
2.25B
est: 1.84B (+22.2%)
2.14B
est: 2.22B (-3.6%)
812.73M
est: 765.00M (+6.2%)
735.51M
est: 854.24M (-13.9%)
454.14M
est: 909.29M (-50.1%)
1.63B
est: 1.70B (-3.8%)
1.12B
est: 1.29B (-13.3%)
1.02B
est: 1.02B (+0.0%)
1.44B
1.23B – 1.58B
+42.2% YoY
1.64B
1.39B – 1.97B
+13.2% YoY
1.88B
1.52B – 2.36B
+15.1% YoY
SGA
152.95M
est: 182.91M (-16.4%)
130.84M
est: 241.82M (-45.9%)
197.55M
est: 224.01M (-11.8%)
188.11M
est: 196.32M (-4.2%)
253.23M
est: 242.44M (+4.5%)
253.26M
est: 258.60M (-2.1%)
276.96M
est: 317.79M (-12.8%)
344.12M
est: 333.40M (+3.2%)
409.80M
est: 360.58M (+13.7%)
415.89M
391.31M – 472.15M
+15.3% YoY
466.54M
420.22M – 539.65M
+12.2% YoY
521.09M
519.96M – 522.22M
+11.7% YoY
EPS
0.54
est: 0.49 (+9.8%)
0.59
est: 0.48 (+22.5%)
0.56
est: 0.58 (-3.4%)
0.21
est: 0.20 (+5.0%)
0.19
est: 0.22 (-14.9%)
0.12
est: 0.22 (-45.5%)
0.43
est: 0.44 (-3.0%)
0.29
est: 0.32 (-10.3%)
0.27
est: 0.31 (-14.0%)
0.38
0.32 – 0.41
+20.6% YoY
0.44
0.36 – 0.52
+15.1% YoY
0.50
0.40 – 0.62
+13.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 B 3/5 1/5 2/5 4/5 2/5 3/5 4/5
2026-05-07 B 3/5 1/5 2/5 4/5 2/5 3/5 4/5
2026-05-06 B 3/5 1/5 2/5 4/5 2/5 3/5 4/5
2026-05-05 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-04-29 B- 3/5 1/5 2/5 4/5 2/5 3/5 3/5
2026-04-28 B- 3/5 1/5 2/5 4/5 2/5 3/5 3/5
2026-04-27 B- 3/5 1/5 2/5 4/5 2/5 3/5 3/5
2026-04-24 B- 3/5 1/5 2/5 4/5 2/5 3/5 3/5
2026-04-23 B 3/5 1/5 2/5 5/5 2/5 3/5 3/5
2026-04-22 B 3/5 1/5 2/5 5/5 2/5 3/5 3/5
2026-04-21 B 3/5 1/5 2/5 5/5 2/5 3/5 4/5
2026-04-20 B 3/5 1/5 2/5 5/5 2/5 3/5 4/5
2026-04-17 B 3/5 1/5 2/5 5/5 2/5 3/5 4/5
2026-04-16 B 3/5 1/5 2/5 5/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.15B
OE per share TTM
0.31
Owner's Yield
6.07%
Maintenance CapEx ratio
125.79%
Maint CapEx / Avg PPE
279.0%

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.

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
14.08M
Shares Outstanding
3.83B

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
Vivat Jiratikarnsakul Executive Director 1M male
Akarin Prathuangsit CEO, Acting COO & Director 222.5K male
Prapon Chinudomsub Chief Executive Finance Officer & Chief Financial Officer 135.0K male
Pailin Yapiangplook Investor Relations Manager female
Panadda Eamchawna Head of Compliance female
Saponlachet Wongthai Head of Compliance male
Teerasak Meepansaen Director of Accounting male
Teerawat Arayapong Head of Internal Audit Department male
Junpen Kasikidnumchai Head of Internal Audit female
Budsaracom Suwannasorn Corporate Secretary 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