Forth Corporation PCL (BKK:FORTH)

Forth Corporation PCL Statistics

Total Valuation

BKK:FORTH has a market cap or net worth of THB 7.67 billion. The enterprise value is 14.14 billion.

Market Cap	7.67B
Enterprise Value	14.14B

Important Dates

The next estimated earnings date is Thursday, November 13, 2025.

Earnings Date	Nov 13, 2025
Ex-Dividend Date	n/a

Share Statistics

BKK:FORTH has 935.37 million shares outstanding.

Current Share Class	935.37M
Shares Outstanding	935.37M
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	65.22%
Owned by Institutions (%)	4.64%
Float	313.31M

Valuation Ratios

The trailing PE ratio is 35.68 and the forward PE ratio is 7.96.

PE Ratio	35.68
Forward PE	7.96
PS Ratio	0.81
PB Ratio	2.17
P/TBV Ratio	3.80
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.08, with an EV/FCF ratio of -28.60.

EV / Earnings	65.78
EV / Sales	1.49
EV / EBITDA	9.08
EV / EBIT	16.73
EV / FCF	-28.60

Financial Position

The company has a current ratio of 0.81, with a Debt / Equity ratio of 1.75.

Current Ratio	0.81
Quick Ratio	0.39
Debt / Equity	1.75
Debt / EBITDA	3.98
Debt / FCF	-12.50
Interest Coverage	4.17

Financial Efficiency

Return on equity (ROE) is 13.52% and return on invested capital (ROIC) is 5.79%.

Return on Equity (ROE)	13.52%
Return on Assets (ROA)	4.38%
Return on Invested Capital (ROIC)	5.79%
Return on Capital Employed (ROCE)	18.99%
Revenue Per Employee	6.59M
Profits Per Employee	149,187
Employee Count	1,441
Asset Turnover	0.79
Inventory Turnover	3.10

Taxes

In the past 12 months, BKK:FORTH has paid 181.40 million in taxes.

Income Tax	181.40M
Effective Tax Rate	28.18%

Stock Price Statistics

The stock price has decreased by -37.88% in the last 52 weeks. The beta is 0.07, so BKK:FORTH's price volatility has been lower than the market average.

Beta (5Y)	0.07
52-Week Price Change	-37.88%
50-Day Moving Average	7.32
200-Day Moving Average	8.54
Relative Strength Index (RSI)	72.61
Average Volume (20 Days)	555,215

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, BKK:FORTH had revenue of THB 9.49 billion and earned 214.98 million in profits. Earnings per share was 0.23.

Revenue	9.49B
Gross Profit	2.39B
Operating Income	840.81M
Pretax Income	643.63M
Net Income	214.98M
EBITDA	1.49B
EBIT	840.81M
Earnings Per Share (EPS)	0.23

Balance Sheet

The company has 1.11 billion in cash and 6.18 billion in debt, giving a net cash position of -5.07 billion or -5.42 per share.

Cash & Cash Equivalents	1.11B
Total Debt	6.18B
Net Cash	-5.07B
Net Cash Per Share	-5.42
Equity (Book Value)	3.53B
Book Value Per Share	2.27
Working Capital	-1.53B

Cash Flow

In the last 12 months, operating cash flow was -90.27 million and capital expenditures -404.10 million, giving a free cash flow of -494.36 million.

Operating Cash Flow	-90.27M
Capital Expenditures	-404.10M
Free Cash Flow	-494.36M
FCF Per Share	-0.53

Margins

Gross margin is 25.15%, with operating and profit margins of 8.86% and 2.26%.

Gross Margin	25.15%
Operating Margin	8.86%
Pretax Margin	6.78%
Profit Margin	2.26%
EBITDA Margin	15.72%
EBIT Margin	8.86%
FCF Margin	n/a

Dividends & Yields

BKK:FORTH does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	65.26%
Buyback Yield	n/a
Shareholder Yield	n/a
Earnings Yield	2.80%
FCF Yield	-6.45%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on July 8, 2008. It was a forward split with a ratio of 2.

Last Split Date	Jul 8, 2008
Split Type	Forward
Split Ratio	2

Scores

BKK:FORTH has an Altman Z-Score of 1.64 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.64
Piotroski F-Score	4