Bangkok Expressway and Metro Public Company Limited (BEM-R.BK)
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Bangkok Expressway and Metro Public Company Limited (BEM-R.BK)
No price history available.
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB bn | 13 | 11 | 14 | 16 | 17 | 17 | 17 | 18 |
| Operating profit | THB bn | 6 | 6 | ||||||
| Net profit | THB bn | 2 | 1 | 2 | 3 | 4 | 4 | 4 | 4 |
| EPS reported | THB | 0.25 | 0.25 | ||||||
| Operating cashflow per share | THB | -0.87 | -1.26 | ||||||
| Capex per share | THB | 0.00 | 0.30 | ||||||
| FCF per share | THB | -0.88 | -0.96 | ||||||
| Free cash flow | THB bn | -13 | -14 | ||||||
| Net debt | THB bn | 110 | 125 | ||||||
| Book value equity | THB bn | 37 | 37 | ||||||
| Book value per share | THB | 2.47 | 2.48 | ||||||
| Number of shares | m | 14,977.88 | 14,978 | ||||||
| DPS (TTM paid) | THB | 0.15 | 0.15 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 21.40 | 26.35 | ||||||
| P/B LTM | x | 2.17 | 2.16 | ||||||
| P/S LTM | x | 4.74 | 4.73 | ||||||
| P/FCF LTM | x | -6.10 | -5.58 | ||||||
| EV/EBITDA LTM | x | 22.38 | 21.65 | ||||||
| EV/Sales LTM | x | 11.26 | 13.35 | ||||||
| Earnings Yield LTM | % | +4.67% | +3.80% | ||||||
| FCF Yield | % | -16.39% | -17.92% | ||||||
| Quality | |||||||||
| ROE | % | +10.22% | +10.23% | ||||||
| ROIC | % | +3.30% | +3.10% | ||||||
| Operating margin | % | +36.60% | +37.86% | ||||||
| Gross margin | % | +43.90% | +43.74% | ||||||
| FCF/Sales | % | -77.63% | -84.84% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | 0.00% | 0.00% | ||||||
| Sales Growth YoY | % | -0.52% | -0.47% | ||||||
| Net Income Growth YoY | % | +0.34% | +0.94% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -11.66% | -8.57% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.80% | +2.24% | ||||||
| Dividend Growth | % | 0.00% | 0.00% | ||||||
| Payout Ratio | % | +60.00% | +59.33% | ||||||
| FCF/Debt | x | -0.12 | -0.11 | ||||||
| Net Debt/EBITDA | x | 12.96 | 14.28 | ||||||
| EBIT/Net interest | x | 2.72 | 2.94 | ||||||
| Net debt/market cap | % | +1.40% | +1.27% | ||||||
| Net debt/Equity | x | 2.97 | 3.37 | ||||||
| Gross debt/equity | x | 3.04 | 3.43 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Bangkok Expressway and Metro Public Company Limited, along with its affiliated entities, is a Thai enterprise primarily engaged in the development, construction, and operation of expressways and urban rail transit systems throughout the nation. The company's operations are divided into key divisions: Expressway Business, Rail Business, and Commercial Development. It is responsible for managing prominent expressways such as the Si Rat, Si Rat - Outer Ring Road, and Udon Ratthaya, alongside operating metro lines like the M.R.T. Chaloem Ratchamongkhon and MRT Chalong Ratchadham. Beyond its core transportation infrastructure, the company also pursues commercial ventures, including leasing retail premises, providing advertising services, and maintaining telecommunications equipment within its metro stations. Established in 1998, its headquarters are situated in Bangkok, Thailand.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Bangkok Expressway and Metro Public Company Limited (BEM-R.BK)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
Bangkok Expressway and Metro Public Company Limited, along with its affiliated entities, is a Thai enterprise primarily engaged in the development, construction, and operation of expressways and urban rail transit systems throughout the nation. The company's operations are divided into key divisions: Expressway Business, Rail Business, and Commercial Development. It is responsible for managing prominent expressways such as the Si Rat, Si Rat - Outer Ring Road, and Udon Ratthaya, alongside operating metro lines like the M.R.T. Chaloem Ratchamongkhon and MRT Chalong Ratchadham. Beyond its core transportation infrastructure, the company also pursues commercial ventures, including leasing retail premises, providing advertising services, and maintaining telecommunications equipment within its metro stations. Established in 1998, its headquarters are situated in Bangkok, Thailand.
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