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M

Maybank Securities Thailand PCL MST.BK · THB

Financials · SET · 🇹🇭 Thailand

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7.50

-1.32%

Close of 9 Nov 2026, in THB

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At a glance

Figures in THB, from our data supplier.

FY2025

Revenue, before interest expense

THB 2.22bn

FY2016FY2025

Net income

THB 220.5m

FY2016FY2025

Total assets

THB 14.80bn

FY2016FY2025

Shareholders' equity

THB 5.08bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue, before interest expenseTHB 2.22bnTHB 2.27bnTHB 2.37bnTHB 2.73bnTHB 3.47bnTHB 2.92bnTHB 2.13bnTHB 2.09bnTHB 2.59bnTHB 2.95bn
Research and development——THB 0THB 0THB 0THB 0THB 0THB 0THB 0THB 0
Operating incomeTHB 501.7mTHB 713.1mTHB 562.2mTHB 854.3mTHB 1.26bnTHB 936.2mTHB 376.4mTHB 129.4mTHB 498.0mTHB 893.1m
Net incomeTHB 220.5mTHB 462.1mTHB 364.9mTHB 628.2mTHB 760.8mTHB 484.5mTHB 254.7mTHB 391.3mTHB 638.6mTHB 974.5m
Diluted earnings per share0.380.820.641.101.320.840.450.731.121.71

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 14.80bnTHB 19.49bnTHB 20.00bnTHB 24.23bnTHB 27.35bnTHB 19.09bnTHB 16.14bnTHB 16.36bnTHB 18.92bnTHB 16.80bn
Cash and short-term investmentsTHB 376.4mTHB 291.0mTHB 282.5mTHB 463.6mTHB 813.3mTHB 143.1mTHB 363.3mTHB 375.5mTHB 396.5mTHB 354.8m
Total liabilitiesTHB 9.72bnTHB 14.42bnTHB 15.14bnTHB 19.21bnTHB 22.54bnTHB 14.48bnTHB 11.86bnTHB 11.80bnTHB 14.27bnTHB 11.89bn
DebtTHB 6.58bnTHB 12.42bnTHB 12.40bnTHB 13.68bnTHB 17.78bnTHB 10.99bnTHB 9.65bnTHB 9.78bnTHB 9.92bnTHB 7.60bn
Shareholders' equityTHB 5.08bnTHB 5.07bnTHB 4.86bnTHB 5.02bnTHB 4.81bnTHB 4.60bnTHB 4.28bnTHB 4.56bnTHB 4.66bnTHB 4.91bn
Shares outstanding583m564m571m571m575m577m561m537m572m571m

Financial ratios

Data as of 20 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin22.6%46.0%39.4%38.5%34.7%28.8%——
Net margin9.9%20.4%15.4%23.0%21.9%16.6%——
Return on equity4.3%9.1%7.5%12.5%15.8%10.5%——
Return on assets1.5%2.4%1.8%2.6%2.8%2.5%——
Revenue growth-2.0%-4.2%-13.3%-21.2%18.9%36.6%——
Earnings growth-52.3%26.6%-41.9%-17.4%57.0%90.2%——
Current ratio1.59x1.21x1.20x1.10x1.04x2.08x——
Debt to equity1.14x2.35x2.48x2.66x3.66x2.04x——
Equity ratio34.3%26.0%24.3%20.7%17.6%24.1%——
Interest coverage2.24x2.25x1.97x3.95x4.75x3.52x——
R&D as a share of sales——0.0%0.0%0.0%0.0%0.0%0.0%
Buybacks as a share of market value-3.4%1.2%0.0%0.7%0.3%-2.7%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-6.6%-5.3%-2.3%
Operating income-16.3%-11.7%-1.4%
Net income-29.5%-14.6%-14.2%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin27.1%27.4%30.2%25.6%
Net margin15.2%17.5%18.3%21.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings17.711.316.910.39.110.514.813.819.413.1
Price to sales1.82.32.62.42.01.81.82.64.84.3

Dividends and splits

Per share, in the currency the company pays

Paid for 22 years. Last went ex-dividend on 10 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.170.390.490.980.810.980.280.96

Sources and methodology

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

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