Cash flow Thai Stanley Electric

Equities

STANLY

TH0233010Z07

Auto, Truck & Motorcycle Parts

End-of-day quote Thailand S.E. Other stock markets 2026-02-13			5-day change	1st Jan Change
197.00 ^THB	+0.51%		+2.60%	+4.23%

01-26	Thai Stanley Electric Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI
01-26	Thai Stanley Electric enters agreement with Stanley Electric Co, Japan	RE

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Published financial data: THAI STANLEY ELECTRIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	11.73B	13.58B	14.45B	14.38B	12.23B
Total Revenues	11.73B	13.58B	14.45B	14.38B	12.23B
Cost of Goods Sold, Total	9.95B	11.09B	11.84B	11.83B	9.68B
Gross Profit	1.78B	2.49B	2.61B	2.55B	2.55B
Selling General & Admin Expenses, Total	883M	1.02B	1.09B	1.13B	1.31B
Other Operating Expenses	-53.73M	-74.89M	-101M	-90.02M	-22.08M
Other Operating Expenses, Total	830M	949M	992M	1.04B	1.29B
Operating Income	946M	1.54B	1.62B	1.51B	1.26B
Interest And Investment Income	80.85M	43.84M	144M	251M	289M
Net Interest Expenses	80.85M	43.84M	144M	251M	289M
Income (Loss) On Equity Invest.	242M	282M	387M	378M	414M
Currency Exchange Gains (Loss)	24.09M	20.3M	940K	30.7M	-16.55M
EBT, Excl. Unusual Items	1.29B	1.89B	2.15B	2.17B	1.95B
Gain (Loss) On Sale Of Investments	-	-	1.92M	2.71M	547K
Gain (Loss) On Sale Of Assets	3.34M	4.09M	3.11M	4.95M	-8.32M
Asset Writedown	-	-	-	-	-218M
EBT, Incl. Unusual Items	1.3B	1.89B	2.15B	2.18B	1.72B
Income Tax Expense	235M	369M	408M	422M	335M
Earnings From Continuing Operations	1.06B	1.52B	1.75B	1.76B	1.39B
Net Income to Company	1.06B	1.52B	1.75B	1.76B	1.39B
Net Income - (IS)	1.06B	1.52B	1.75B	1.76B	1.39B
Net Income to Common Incl Extra Items	1.06B	1.52B	1.75B	1.76B	1.39B
Net Income to Common Excl. Extra Items	1.06B	1.52B	1.75B	1.76B	1.39B
Per Share Items
Net EPS - Basic	13.85	19.85	22.78	22.93	18.11
Basic EPS - Continuing Operations	13.85	19.85	22.78	22.93	18.11
Basic Weighted Average Shares Outstanding	76.62M	76.62M	76.62M	76.62M	76.62M
Net EPS - Diluted	13.85	19.85	22.78	22.93	18.11
Diluted EPS - Continuing Operations	13.85	19.85	22.78	22.93	18.11
Diluted Weighted Average Shares Outstanding	76.62M	76.62M	76.62M	76.62M	76.62M
Normalized Basic EPS	10.55	15.38	17.52	17.71	15.9
Normalized Diluted EPS	10.55	15.38	17.52	17.71	15.9
Dividend Per Share	5.5	8.5	20	10	12
Payout Ratio	59.56	27.71	37.31	87.23	110.41
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.22B	2.84B	2.89B	2.78B	2.43B
EBITA	946M	1.54B	1.62B	1.51B	1.26B
EBIT	946M	1.54B	1.62B	1.51B	1.26B
Effective Tax Rate - (Ratio)	18.13	19.54	18.94	19.38	19.46
Current Domestic Taxes	199M	339M	373M	388M	329M
Total Current Taxes	199M	339M	373M	388M	329M
Deferred Domestic Taxes	35.7M	30.39M	35.21M	34.52M	6.6M
Total Deferred Taxes	35.7M	30.39M	35.21M	34.52M	6.6M
Normalized Net Income	808M	1.18B	1.34B	1.36B	1.22B
Non-Cash Pension Expense	13.33M	6.41M	9.21M	10.05M	9.12M
Supplemental Operating Expense Items
Selling and Marketing Expenses	558M	686M	743M	777M	790M
General and Administrative Expenses	326M	338M	350M	353M	523M
Research And Development Expense From Footnotes	261M	255M	246M	263M	224M
Maintenance & Repair Expenses, Total	307M	312M	329M	270M	178M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.66B	2.66B	2.08B	2B	1.36B
Short Term Investments	2.26B	3.48B	5.89B	6.84B	7.59B
Total Cash And Short Term Investments	4.92B	6.14B	7.98B	8.84B	8.95B
Accounts Receivable, Total	2.43B	2.48B	2.47B	2.3B	1.86B
Other Receivables	59.46M	79.34M	47.32M	50.99M	60.79M
Notes Receivable	44.38M	54.96M	32.71M	63.01M	46.96M
Total Receivables	2.54B	2.61B	2.55B	2.41B	1.96B
Inventory	477M	718M	591M	504M	838M
Prepaid Expenses	56.39M	62.66M	37.03M	38.81M	40.67M
Other Current Assets, Total	7.52M	9.91M	8.47M	30.24M	40.57M
Total Current Assets	8B	9.54B	11.17B	11.83B	11.83B
Gross Property Plant And Equipment	23.9B	24.59B	24.7B	24.9B	24.12B
Accumulated Depreciation	-14.5B	-15.51B	-16.23B	-17.01B	-17.03B
Net Property Plant And Equipment	9.4B	9.08B	8.47B	7.9B	7.09B
Long-term Investments	3.07B	3.39B	3.73B	4.1B	4.13B
Other Intangibles, Total	56.96M	989M	940M	41.47M	46.65M
Loans Receivable Long-Term	18.74M	41.49M	10.54M	59.8M	31.86M
Deferred Charges Long-Term	971M	-	-	831M	920M
Other Long-Term Assets, Total	23.09M	16.2M	14.93M	15.58M	12.55M
Total Assets	21.54B	23.06B	24.33B	24.78B	24.06B
Liabilities
Accounts Payable, Total	1.04B	1.05B	1B	964M	702M
Accrued Expenses, Total	600M	541M	536M	584M	577M
Current Income Taxes Payable	153M	177M	198M	196M	135M
Other Current Liabilities	178M	293M	258M	192M	151M
Total Current Liabilities	1.97B	2.07B	1.99B	1.94B	1.57B
Pension & Other Post Retirement Benefits	385M	410M	415M	426M	412M
Deferred Tax Liability Non Current	472M	555M	632M	714M	681M
Total Liabilities	2.82B	3.03B	3.04B	3.08B	2.66B
Common Stock, Total	383M	383M	383M	383M	383M
Additional Paid In Capital	504M	504M	504M	504M	504M
Retained Earnings	17.06B	18.16B	19.26B	19.48B	19.34B
Comprehensive Income and Other	767M	977M	1.14B	1.33B	1.18B
Total Common Equity	18.72B	20.03B	21.29B	21.7B	21.4B
Total Equity	18.72B	20.03B	21.29B	21.7B	21.4B
Total Liabilities And Equity	21.54B	23.06B	24.33B	24.78B	24.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	76.62M	76.62M	76.62M	76.62M	76.62M
ECS Total Common Shares Outstanding	76.62M	76.62M	76.62M	76.62M	76.62M
Book Value / Share	244.28	261.36	277.8	283.22	279.28
Tangible Book Value	18.66B	19.04B	20.35B	21.66B	21.35B
Tangible Book Value Per Share	243.53	248.46	265.53	282.68	278.67
Total Debt	0	0	0	0	0
Net Debt	-4.92B	-6.14B	-7.98B	-8.84B	-8.95B
Debt Equivalent of Unfunded Proj. Benefit Obligation	385M	410M	415M	426M	412M
Equity Method Investments, Total	1.73B	1.91B	2.02B	2.2B	2.19B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	239M	285M	209M	221M	214M
Inventories - Work In Process, Total	84.14M	293M	222M	127M	443M
Inventories - Finished Goods, Total	156M	161M	163M	171M	185M
Land - (BS)	1.35B	1.35B	1.35B	1.35B	1.35B
Buildings, Total	2.75B	2.79B	2.79B	2.82B	2.83B
Machinery, Total	15.03B	15.77B	16.03B	15.94B	15.28B
Accumulated Allowance for Doubtful Accounts (Supple)	20.45M	20.45M	20.45M	2.01M	2.01M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	1.06B	1.52B	1.75B	1.76B	1.39B
Depreciation & Amortization - CF	1.27B	1.3B	1.28B	1.27B	1.17B
Depreciation & Amortization, Total	1.27B	1.3B	1.28B	1.27B	1.17B
Amortization of Deferred Charges, Total - (CF)	283M	278M	270M	285M	243M
(Gain) Loss From Sale Of Asset	-3.34M	-4.09M	-3.11M	-4.95M	8.32M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	5	280M
(Income) Loss On Equity Investments - (CF)	-242M	-282M	-387M	-378M	-414M
Provision and Write-off of Bad Debts	-	-	-	-18.44M	-
Other Operating Activities, Total	-55.85M	77.96M	-47.09M	-134M	-286M
Change In Accounts Receivable	76.35M	-66.33M	71.48M	206M	446M
Change In Inventories	467M	-260M	145M	75.5M	-323M
Change In Accounts Payable	-36.65M	18.05M	-53.62M	-41.9M	-263M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	49.73M	-6.04M	-23.95M	-1.35M	-132M
Cash from Operations	2.87B	2.57B	3B	3.02B	2.11B
Capital Expenditure	-1.6B	-927M	-677M	-749M	-651M
Sale of Property, Plant, and Equipment	4.22M	4.41M	3.3M	6.92M	10.98M
Sale (Purchase) of Intangible assets	-231M	-226M	-233M	-219M	-338M
Investment in Marketable and Equity Securities, Total	-1.09B	-1.22B	-2.43B	-949M	-749M
Other Investing Activities, Total	160M	213M	423M	338M	502M
Cash from Investing	-2.76B	-2.16B	-2.91B	-1.57B	-1.22B
Common Dividends Paid	-632M	-421M	-651M	-1.53B	-1.53B
Common & Preferred Stock Dividends Paid	-632M	-421M	-651M	-1.53B	-1.53B
Cash from Financing	-632M	-421M	-651M	-1.53B	-1.53B
Foreign Exchange Rate Adjustments	7.79M	1.95M	-4.29M	3.85M	60.11K
Net Change in Cash	-514M	-7.39M	-572M	-84.01M	-643M
Supplemental Items
Cash Income Tax Paid (Refund)	265M	315M	352M	389M	389M
Levered Free Cash Flow	378M	1.16B	1.79B	1.68B	944M
Unlevered Free Cash Flow	378M	1.16B	1.79B	1.68B	944M
Change In Net Working Capital	-65.41M	224M	-138M	-145M	267M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.82	4.32	4.26	3.85	3.23
Return on Total Capital	3.28	4.97	4.89	4.4	3.66
Return On Equity %	5.89	7.85	8.45	8.17	6.44
Return on Common Equity	5.89	7.85	8.45	8.17	6.44
Margin Analysis
Gross Profit Margin %	15.14	18.33	18.06	17.74	20.88
SG&A Margin	7.53	7.54	7.57	7.85	10.74
EBITDA Margin %	18.93	20.88	20.03	19.36	19.86
EBITA Margin %	8.07	11.34	11.19	10.51	10.32
EBIT Margin %	8.07	11.34	11.19	10.51	10.32
Income From Continuing Operations Margin %	9.05	11.2	12.08	12.22	11.34
Net Income Margin %	9.05	11.2	12.08	12.22	11.34
Net Avail. For Common Margin %	9.05	11.2	12.08	12.22	11.34
Normalized Net Income Margin	6.89	8.68	9.29	9.44	9.96
Levered Free Cash Flow Margin	3.22	8.54	12.37	11.68	7.71
Unlevered Free Cash Flow Margin	3.22	8.54	12.37	11.68	7.71
Asset Turnover
Asset Turnover	0.56	0.61	0.61	0.59	0.5
Fixed Assets Turnover	1.24	1.47	1.65	1.76	1.63
Receivables Turnover (Average Receivables)	4.82	5.58	5.84	6.02	5.89
Inventory Turnover (Average Inventory)	14.03	18.57	18.1	21.61	14.42
Short Term Liquidity
Current Ratio	4.07	4.62	5.6	6.11	7.56
Quick Ratio	3.77	4.21	5.27	5.78	6.94
Operating Cash Flow to Current Liabilities	1.46	1.25	1.5	1.56	1.35
Days Sales Outstanding (Average Receivables)	75.67	65.45	62.51	60.75	62.01
Days Outstanding Inventory (Average Inventory)	26.02	19.65	20.17	16.93	25.31
Average Days Payable Outstanding	40.58	33.67	32.03	30.61	30.35
Cash Conversion Cycle (Average Days)	61.11	51.43	50.65	47.07	56.97
Long Term Solvency
Total Liabilities / Total Assets	13.11	13.14	12.49	12.41	11.05
Net Debt / EBITDA	-2.22	-2.16	-2.76	-3.18	-3.68
Net Debt / (EBITDA - Capex)	-7.99	-3.22	-3.6	-4.34	-5.03
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-22.59	15.81	6.37	-0.47	-14.92
Gross Profit, 1 Yr. Growth %	-36.82	40.21	4.78	-2.21	-1.99
EBITDA, 1 Yr. Growth %	-29.76	27.77	2.05	-3.8	-12.75
EBITA, 1 Yr. Growth %	-51.73	62.8	4.94	-6.47	-16.45
EBIT, 1 Yr. Growth %	-51.73	62.8	4.94	-6.47	-16.45
Earnings From Cont. Operations, 1 Yr. Growth %	-46.87	43.29	14.79	0.64	-21
Net Income, 1 Yr. Growth %	-46.87	43.29	14.79	0.64	-21
Normalized Net Income, 1 Yr. Growth %	-46.91	45.87	14.02	1.08	-10.23
Diluted EPS Before Extra, 1 Yr. Growth %	-46.87	43.29	14.79	0.64	-21
Accounts Receivable, 1 Yr. Growth %	0.24	3.35	-0.1	-6.97	-19.31
Inventory, 1 Yr. Growth %	-49.4	50.59	-17.71	-14.68	66.38
Net Property, Plant and Equip., 1 Yr. Growth %	-1.2	-3.47	-6.7	-6.73	-10.24
Total Assets, 1 Yr. Growth %	5.76	7.03	5.5	1.86	-2.9
Tangible Book Value, 1 Yr. Growth %	8.21	2.02	1.93	2.02	-1.42
Common Equity, 1 Yr. Growth %	8.06	6.99	6.29	1.95	-1.39
Cash From Operations, 1 Yr. Growth %	-6.57	-10.44	16.41	0.71	-29.93
Capital Expenditures, 1 Yr. Growth %	-51.37	-42.2	-27.01	10.65	-13.06
Levered Free Cash Flow, 1 Yr. Growth %	-129	207.2	54.05	-5.99	-43.82
Unlevered Free Cash Flow, 1 Yr. Growth %	-129	207.2	54.05	-5.99	-43.82
Dividend Per Share, 1 Yr. Growth %	-33.33	54.55	135.29	-50	20
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-10.48	-5.32	10.99	2.89	-7.98
Gross Profit, 2 Yr. CAGR %	-19.93	-5.88	21.21	1.22	-1.04
EBITDA, 2 Yr. CAGR %	-13.5	-5.27	14.19	-0.92	-8.39
EBITA, 2 Yr. CAGR %	-30.28	-11.35	30.7	-0.93	-11.6
EBIT, 2 Yr. CAGR %	-30.28	-11.35	30.7	-0.93	-11.6
Earnings From Cont. Operations, 2 Yr. CAGR %	-26.74	-12.74	28.25	7.48	-10.83
Net Income, 2 Yr. CAGR %	-26.74	-12.74	28.25	7.48	-10.83
Normalized Net Income, 2 Yr. CAGR %	-27.01	-12	28.9	7.35	-4.74
Diluted EPS Before Extra, 2 Yr. CAGR %	-26.74	-12.74	28.25	7.48	-10.83
Accounts Receivable, 2 Yr. CAGR %	1.16	0.96	1.61	-3.6	-13.36
Inventory, 2 Yr. CAGR %	-34.16	-12.71	11.32	-16.21	19.14
Net Property, Plant and Equip., 2 Yr. CAGR %	10.48	-2.34	-5.1	-6.72	-8.5
Total Assets, 2 Yr. CAGR %	5.77	6.39	6.26	3.67	-0.55
Tangible Book Value, 2 Yr. CAGR %	8.3	5.07	4.42	4.17	0.29
Common Equity, 2 Yr. CAGR %	8.27	7.52	6.64	4.1	0.27
Cash From Operations, 2 Yr. CAGR %	7.12	-8.53	2.11	8.27	-16
Capital Expenditures, 2 Yr. CAGR %	-22.17	-46.98	-35.05	-10.13	-1.92
Levered Free Cash Flow, 2 Yr. CAGR %	-9.65	-5.62	117.54	20.34	-27.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.65	-5.62	117.54	20.34	-27.33
Dividend Per Share, 2 Yr. CAGR %	-18.35	1.5	90.69	8.47	-22.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.92	-2.46	-1.57	7.03	-3.42
Gross Profit, 3 Yr. CAGR %	-10.11	-3.49	-2.46	12.84	0.86
EBITDA, 3 Yr. CAGR %	-6.34	-1.49	-2.89	7.85	-5.03
EBITA, 3 Yr. CAGR %	-16.92	-7.5	-6.23	16.91	-6.4
EBIT, 3 Yr. CAGR %	-16.92	-7.5	-6.23	16.91	-6.4
Earnings From Cont. Operations, 3 Yr. CAGR %	-13.83	-8.39	-4.39	18.29	-3
Net Income, 3 Yr. CAGR %	-13.83	-8.39	-4.39	18.29	-3
Normalized Net Income, 3 Yr. CAGR %	-14.16	-8.06	-4.1	18.87	1.14
Diluted EPS Before Extra, 3 Yr. CAGR %	-13.83	-8.39	-4.39	18.29	-3
Accounts Receivable, 3 Yr. CAGR %	2.81	1.33	0.61	-1.33	-9.15
Inventory, 3 Yr. CAGR %	-10.94	-13.26	-14.41	1.87	5.31
Net Property, Plant and Equip., 3 Yr. CAGR %	19.11	5.62	-3.81	-5.64	-7.9
Total Assets, 3 Yr. CAGR %	8.34	6.19	6.09	4.77	1.43
Tangible Book Value, 3 Yr. CAGR %	8.79	6.16	5.67	5.09	2.27
Common Equity, 3 Yr. CAGR %	8.81	7.84	7.11	5.05	2.24
Cash From Operations, 3 Yr. CAGR %	1.68	0.91	-0.87	1.64	-6.35
Capital Expenditures, 3 Yr. CAGR %	18.57	-29.52	-41.02	-22.43	-11.12
Levered Free Cash Flow, 3 Yr. CAGR %	-34.27	35.86	11.13	64.47	-6.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	-34.27	35.86	11.13	64.47	-6.65
Dividend Per Share, 3 Yr. CAGR %	-7.72	1	34.34	22.05	12.18
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.9	4.26	1.79	-0.35	-4.18
Gross Profit, 5 Yr. CAGR %	0.38	5.14	1.31	-1.63	-1.89
EBITDA, 5 Yr. CAGR %	1.1	4.88	1.39	-1.26	-5.13
EBITA, 5 Yr. CAGR %	-2.17	4.87	-0.41	-4.93	-8.41
EBIT, 5 Yr. CAGR %	-2.17	4.87	-0.41	-4.93	-8.41
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.03	3.66	1.03	-2.34	-7.02
Net Income, 5 Yr. CAGR %	-4.03	3.66	1.03	-2.34	-7.02
Normalized Net Income, 5 Yr. CAGR %	-0.96	3.61	1	-2.2	-4.36
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.03	3.66	1.03	-2.34	-7.02
Accounts Receivable, 5 Yr. CAGR %	2.47	4.75	2	-0.67	-5.23
Inventory, 5 Yr. CAGR %	-9.2	-0.11	-2.63	-14.45	-2.3
Net Property, Plant and Equip., 5 Yr. CAGR %	11.18	10.7	8.76	0.5	-5.72
Total Assets, 5 Yr. CAGR %	8.38	8.71	7.51	5.17	3.38
Tangible Book Value, 5 Yr. CAGR %	8.42	7.44	7.02	6.36	4.37
Common Equity, 5 Yr. CAGR %	8.4	8.46	7.93	6.33	4.32
Cash From Operations, 5 Yr. CAGR %	8.74	1.64	1.85	3.8	-7.22
Capital Expenditures, 5 Yr. CAGR %	16.72	-0.71	-6.8	-22.32	-27.72
Levered Free Cash Flow, 5 Yr. CAGR %	-12.32	2.53	6.09	29.43	-6.24
Unlevered Free Cash Flow, 5 Yr. CAGR %	-12.32	2.53	6.09	29.43	-6.24
Dividend Per Share, 5 Yr. CAGR %	1.92	11.2	23.36	3.92	7.78