Sermsang Power Corporation Public Company Limited (SSP-R.BK)
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Sermsang Power Corporation Public Company Limited (SSP-R.BK)
No price history available.
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB m | 1,310 | 2,038 | 3,117 | 3,072 | 3,466 | 3,146 | 3,246 | 3,649 |
| Operating profit | THB m | 1,176 | 1,221 | ||||||
| Net profit | THB m | 736 | 859 | 1,302 | 812 | 754 | 562 | 663 | 854 |
| EPS reported | THB | 0.45 | 0.53 | ||||||
| Operating cashflow per share | THB | 1.10 | 1.16 | ||||||
| Capex per share | THB | 2.50 | 2.36 | ||||||
| FCF per share | THB | -1.39 | -1.20 | ||||||
| Free cash flow | THB m | -1,751 | -1,615 | ||||||
| Net debt | THB m | 14,123 | 15,824 | ||||||
| Book value equity | THB m | 7,568 | 7,758 | ||||||
| Book value per share | THB | 6.02 | 6.22 | ||||||
| Number of shares | m | 1,256.17 | 1,247.77 | ||||||
| DPS (TTM paid) | THB | 0.32 | 0.32 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 7.20 | 16.22 | ||||||
| P/B LTM | x | 0.54 | 0.52 | ||||||
| P/S LTM | x | 1.29 | 1.25 | ||||||
| P/FCF LTM | x | -2.32 | -2.52 | ||||||
| EV/EBITDA LTM | x | 8.58 | 8.08 | ||||||
| EV/Sales LTM | x | 6.04 | 6.67 | ||||||
| Earnings Yield LTM | % | +13.89% | +6.17% | ||||||
| FCF Yield | % | -43.03% | -39.68% | ||||||
| Quality | |||||||||
| ROE | % | +7.43% | +7.74% | ||||||
| ROIC | % | +4.12% | +4.08% | ||||||
| Operating margin | % | +37.36% | +38.09% | ||||||
| Gross margin | % | +49.74% | +49.41% | ||||||
| FCF/Sales | % | -55.66% | -47.96% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -22.41% | -8.62% | ||||||
| Sales Growth YoY | % | -9.21% | -6.33% | ||||||
| Net Income Growth YoY | % | -25.46% | -12.13% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -25.17% | -22.31% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +6.15% | +7.13% | ||||||
| Dividend Growth | % | +62.50% | +62.50% | ||||||
| Payout Ratio | % | +44.25% | +42.74% | ||||||
| FCF/Debt | x | -0.10 | -0.09 | ||||||
| Net Debt/EBITDA | x | 6.74 | 6.63 | ||||||
| EBIT/Net interest | x | 1.69 | 1.83 | ||||||
| Net debt/market cap | % | +4.11% | +3.02% | ||||||
| Net debt/Equity | x | 1.87 | 2.04 | ||||||
| Gross debt/equity | x | 2.31 | 2.39 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Sermsang Power Corporation Public Company Limited (SSP-R.BK) is actively engaged in the sustainable energy industry, focusing on electricity generation. The company harnesses power from various clean sources, including expansive solar farms, rooftop solar installations, wind turbine facilities, and biomass plants. Its solar ventures, encompassing both ground-mounted and rooftop systems, span multiple countries, with operations in Thailand, Japan, Vietnam, Mongolia, and Indonesia. Sermsang Power supplies the generated electricity to a diverse clientele, such as state-owned and publicly listed utility corporations, as well as industrial end-users. Beyond power production, the firm also provides specialized investment and advisory services. Established in 2010, its corporate headquarters are located 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.

Sermsang Power Corporation Public Company Limited (SSP-R.BK)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
Sermsang Power Corporation Public Company Limited (SSP-R.BK) is actively engaged in the sustainable energy industry, focusing on electricity generation. The company harnesses power from various clean sources, including expansive solar farms, rooftop solar installations, wind turbine facilities, and biomass plants. Its solar ventures, encompassing both ground-mounted and rooftop systems, span multiple countries, with operations in Thailand, Japan, Vietnam, Mongolia, and Indonesia. Sermsang Power supplies the generated electricity to a diverse clientele, such as state-owned and publicly listed utility corporations, as well as industrial end-users. Beyond power production, the firm also provides specialized investment and advisory services. Established in 2010, its corporate headquarters are located in Bangkok, Thailand.
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