TPI Polene Power Public Company Limited (TPIPP-R.BK)
Full history for every metric is available with a Kvantra account

TPI Polene Power Public Company Limited (TPIPP-R.BK)
No price history available.
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB bn | 11 | 11 | 10 | 11 | 11 | 9 | 8 | 10 |
| Operating profit | THB bn | 2 | 2 | ||||||
| Net profit | THB bn | 5 | 4 | 3 | 4 | 3 | 2 | 1 | - |
| EPS reported | THB | 0.27 | 0.16 | ||||||
| Operating cashflow per share | THB | 0.37 | 0.28 | ||||||
| Capex per share | THB | 0.47 | 0.44 | ||||||
| FCF per share | THB | -0.10 | -0.16 | ||||||
| Free cash flow | THB bn | -1 | -2 | ||||||
| Net debt | THB bn | 24 | 27 | ||||||
| Book value equity | THB bn | 36 | 36 | ||||||
| Book value per share | THB | 4.34 | 4.33 | ||||||
| Number of shares | m | 8,400 | 8,400 | ||||||
| DPS (TTM paid) | THB | 0.07 | 0.07 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 6.70 | 9.32 | ||||||
| P/B LTM | x | 0.42 | 0.42 | ||||||
| P/S LTM | x | 1.68 | 1.82 | ||||||
| P/FCF LTM | x | -18.73 | -8.69 | ||||||
| EV/EBITDA LTM | x | 11.42 | 12.98 | ||||||
| EV/Sales LTM | x | 4.54 | 4.92 | ||||||
| Earnings Yield LTM | % | +14.93% | +10.73% | ||||||
| FCF Yield | % | -5.34% | -11.50% | ||||||
| Quality | |||||||||
| ROE | % | +6.22% | +4.19% | ||||||
| ROIC | % | +3.58% | +2.94% | ||||||
| Operating margin | % | +27.32% | +23.92% | ||||||
| Gross margin | % | +33.38% | +28.40% | ||||||
| FCF/Sales | % | -8.95% | -15.84% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -30.77% | -58.97% | ||||||
| Sales Growth YoY | % | -15.64% | -22.20% | ||||||
| Net Income Growth YoY | % | -31.39% | -59.61% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -33.96% | -48.87% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +3.87% | +3.87% | ||||||
| Dividend Growth | % | -56.25% | -56.25% | ||||||
| Payout Ratio | % | +25.93% | +38.84% | ||||||
| FCF/Debt | x | -0.03 | -0.06 | ||||||
| Net Debt/EBITDA | x | 7.20 | 8.24 | ||||||
| EBIT/Net interest | x | 5.37 | 3.48 | ||||||
| Net debt/market cap | % | +1.84% | +1.84% | ||||||
| Net debt/Equity | x | 0.66 | 0.74 | ||||||
| Gross debt/equity | x | 0.81 | 0.81 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
TPI Polene Power Public Company Limited is a Thai enterprise primarily engaged in the generation and supply of electrical power. The company's business activities are structured into two key divisions: Energy & Utilities, and Petrol and Gas Stations. Its power generation facilities employ diverse technologies, including plants fueled by refuse-derived fuel, coal, waste-to-energy processes, and waste-heat recovery systems. The electricity produced is then sold to Thailand's Electricity Generating Authority. As of December 31, 2020, the firm managed a total of eight power plants, which collectively provided an installed capacity of 440 megawatts. Beyond its power operations, it also operated a network of retail fuel outlets under the TPIPP brand, consisting of eight petrol stations, three combined petrol and gas stations, and a single dedicated gas station. Furthermore, TPI Polene Power is involved in the manufacturing and distribution of organic waste materials. Founded in 1991, the company maintains its corporate headquarters in Bangkok, Thailand, and functions as a subsidiary of TPI Polene Public Company Limited.
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.

TPI Polene Power Public Company Limited (TPIPP-R.BK)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
TPI Polene Power Public Company Limited is a Thai enterprise primarily engaged in the generation and supply of electrical power. The company's business activities are structured into two key divisions: Energy & Utilities, and Petrol and Gas Stations. Its power generation facilities employ diverse technologies, including plants fueled by refuse-derived fuel, coal, waste-to-energy processes, and waste-heat recovery systems. The electricity produced is then sold to Thailand's Electricity Generating Authority. As of December 31, 2020, the firm managed a total of eight power plants, which collectively provided an installed capacity of 440 megawatts. Beyond its power operations, it also operated a network of retail fuel outlets under the TPIPP brand, consisting of eight petrol stations, three combined petrol and gas stations, and a single dedicated gas station. Furthermore, TPI Polene Power is involved in the manufacturing and distribution of organic waste materials. Founded in 1991, the company maintains its corporate headquarters in Bangkok, Thailand, and functions as a subsidiary of TPI Polene Public Company Limited.
Unlock all fundamental data
Sign up for FreeUnlock all fundamental data
Sign up for Free