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H

Hwa Fong Rubber Thailand PCL HFT.BK · THB

Consumer Discretionary · SET · 🇹🇭 Thailand

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3.98

-0.50%

Close of 9 Nov 2026, in THB

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At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 2.69bn

FY2016FY2025

Net income

THB 200.6m

FY2016FY2025

Free cash flow

THB 361.7m

FY2016FY2025

Shareholders' equity

THB 3.82bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 2.69bnTHB 3.02bnTHB 2.65bnTHB 3.41bnTHB 3.43bnTHB 2.66bnTHB 2.74bnTHB 2.56bnTHB 2.73bnTHB 2.53bn
Operating incomeTHB 212.8mTHB 370.2mTHB 287.7mTHB 402.0mTHB 509.5mTHB 477.1mTHB 355.0mTHB 256.2mTHB 318.2mTHB 416.4m
Net incomeTHB 200.6mTHB 373.3mTHB 249.9mTHB 361.6mTHB 460.9mTHB 412.6mTHB 278.8mTHB 223.7mTHB 255.6mTHB 337.8m
Diluted earnings per share0.300.570.380.550.700.640.420.340.390.51

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 4.25bnTHB 4.43bnTHB 4.11bnTHB 4.09bnTHB 4.32bnTHB 3.86bnTHB 3.65bnTHB 3.34bnTHB 3.16bnTHB 2.99bn
Cash and short-term investmentsTHB 1.44bnTHB 1.34bnTHB 1.31bnTHB 1.08bnTHB 702.9mTHB 946.5mTHB 887.1mTHB 505.7mTHB 855.5mTHB 1.15bn
Total liabilitiesTHB 431.0mTHB 810.5mTHB 494.0mTHB 479.7mTHB 785.4mTHB 610.1mTHB 706.0mTHB 533.2mTHB 431.1mTHB 430.6m
Debt—THB 243.5mTHB 173.4mTHB 383,520THB 776,902THB 6.9mTHB 148.2mTHB 147.6m——
Shareholders' equityTHB 3.82bnTHB 3.62bnTHB 3.61bnTHB 3.61bnTHB 3.54bnTHB 3.25bnTHB 2.95bnTHB 2.81bnTHB 2.73bnTHB 2.56bn
Shares outstanding658m658m658m658m658m644m667m658m658m658m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 427.4mTHB 287.7mTHB 503.0mTHB 749.2mTHB 91.5mTHB 571.0mTHB 445.1mTHB 314.3mTHB 158.4mTHB 426.4m
Capital spending−THB 65.7m−THB 192.1m−THB 102.9m−THB 68.3m−THB 130.5m−THB 279.0m−THB 170.3m−THB 501.3m−THB 389.7m−THB 80.1m
Free cash flowTHB 361.7mTHB 95.6mTHB 400.1mTHB 681.0m−THB 39.0mTHB 292.0mTHB 274.7m−THB 187.1m−THB 231.3mTHB 346.3m
Dividends paid−THB 2.1m−THB 378.9m−THB 250.1m−THB 279.8m−THB 207.4m−THB 95.4m−THB 98.7m−THB 131.7m−THB 65.8m−THB 131.7m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 693.7mTHB 616.3mTHB 738.9mTHB 573.2mTHB 670.4mTHB 708.1mTHB 839.2mTHB 767.2m
Operating incomeTHB 44.6mTHB 43.6mTHB 82.3mTHB 14.1mTHB 41.8mTHB 76.9mTHB 103.4mTHB 88.7m
Net incomeTHB 48.1mTHB 69.3mTHB 83.1mTHB 14.1mTHB 25.8mTHB 77.7mTHB 152.6m−THB 42.4m
Diluted earnings per share0.070.110.130.020.040.120.23-0.06
Cash from operationsTHB 44.0mTHB 87.0mTHB 151.0mTHB 167.0mTHB 19.0mTHB 72.0mTHB 27.0mTHB 41.0m
Capital spending−THB 9.0m−THB 8.0m−THB 10.0m−THB 9.0m−THB 12.0m−THB 33.0m−THB 135.0m−THB 11.0m
Free cash flowTHB 35.0mTHB 79.0mTHB 141.0mTHB 158.0mTHB 7.0mTHB 39.0m−THB 108.0mTHB 30.0m
Total assetsTHB 4.26bnTHB 4.10bnTHB 4.25bnTHB 4.12bnTHB 4.27bnTHB 4.26bnTHB 4.43bnTHB 4.19bn
Cash and short-term investmentsTHB 1.38bnTHB 1.36bnTHB 1.44bnTHB 1.31bnTHB 1.29bnTHB 1.25bnTHB 1.34bnTHB 1.30bn
Debt————THB 138.7mTHB 122.9mTHB 243.5mTHB 197.0m
Shareholders' equityTHB 3.74bnTHB 3.71bnTHB 3.82bnTHB 3.73bnTHB 3.73bnTHB 3.69bnTHB 3.62bnTHB 3.44bn

Financial ratios

Data as of 25 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin7.9%12.8%11.3%12.7%16.4%18.7%—
Net margin7.5%12.3%9.4%10.6%13.4%15.5%—
Return on equity5.3%10.3%6.9%10.0%13.0%12.7%—
Return on assets4.7%8.4%6.1%8.8%10.7%10.7%—
Free cash flow yield18.4%18.0%22.7%30.6%8.3%32.5%—
Revenue growth-11.0%14.2%-22.3%-0.4%28.6%-2.6%—
Earnings growth-46.3%49.4%-30.9%-21.5%11.7%48.0%—
Current ratio6.73x3.51x5.41x5.34x3.43x3.77x—
Debt to equity—0.07x0.05x0.00x0.00x0.00x0.05x
Equity ratio89.9%81.7%88.0%88.3%81.8%84.2%—
Interest coverage66.92x150.63x23961.79x686.56x418.86x198.56x—
Buybacks as a share of market value0.0%0.0%0.0%-0.0%-2.2%3.4%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-7.6%0.2%0.4%
Operating income-19.1%-14.9%-8.4%
Net income-17.8%-13.4%-7.0%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin10.2%10.8%12.6%13.3%
Net margin10.0%10.1%11.5%11.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings13.77.411.811.812.37.87.48.611.99.1
Price to sales1.00.91.11.31.61.20.80.81.11.2

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 21 Aug 2024.

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Paid in the year0.580.380.340.1220.0810.0280.010.08
  • 10-for-1 split · 11 May 2009

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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