Note Receivable - Micro Leasing PCL (SET:MICRO)

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Price: 0.81 THB -2.41% Market Closed

Market Cap: ฿757.4m

Micro Leasing PCL
Note Receivable

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Micro Leasing PCL
Note Receivable Peer Comparison

Company		Note Receivable	CAGR 3Y	CAGR 5Y	CAGR 10Y
M	Micro Leasing PCL SET:MICRO	Note Receivable ฿1.7B	CAGR 3-Years -7%	CAGR 5-Years N/A	CAGR 10-Years N/A
G	G Capital PCL SET:GCAP	Note Receivable ฿310.7m	CAGR 3-Years -22%	CAGR 5-Years -25%	CAGR 10-Years 0%
I	IFS Capital Thailand PCL SET:IFS	Note Receivable ฿59.5m	CAGR 3-Years -2%	CAGR 5-Years -4%	CAGR 10-Years -7%
S	SGF Capital PCL SET:SGF	Note Receivable ฿1.1B	CAGR 3-Years -16%	CAGR 5-Years -4%	CAGR 10-Years N/A
A	Aira Factoring PCL SET:AF	Note Receivable ฿82.2m	CAGR 3-Years 19%	CAGR 5-Years 40%	CAGR 10-Years N/A
L	Lease IT PCL SET:LIT	Note Receivable ฿192m	CAGR 3-Years -30%	CAGR 5-Years -19%	CAGR 10-Years 5%

Micro Leasing PCL
Glance View

Market Cap

757.4m THB

Industry

Financial Services

Micro Leasing PCL is engaged in financing business. The company is headquartered in Nakhon Pathom, Nakhon Pathom. The company went IPO on 2020-10-01. The firm is engaged in the in providing hire purchase loans for used trucks to individuals and corporations who want to purchase used trucks for commercial purposes, such as used six-wheel trucks, 10-wheel trucks, 12-wheel trucks and trailers. The company provides three types of hire purchase financing services, which include hire purchase for second-hand trucks, hire purchase for business liquidity and refinancing. The company provides loans for other large commercial vehicles, such as tractors and various special trucks to larger customer groups. The company also provides pre-sales and after-sales services for customers convenience, such as coordination for insurance and credit limit protection, insurance policy renewal service, both compulsory and voluntary to protect customers assets and prevent damage. The company has approximately 18 branches across Thailand. Its subsidiaries include Micro Insure Broker Company Limited.

View MICRO Analysis

MICRO Intrinsic Value

Undervaluation 66%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Micro Leasing PCL
SET:MICRO

Micro Leasing PCL
Note Receivable

Micro Leasing PCL
Note Receivable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Micro Leasing PCL
Glance View

See Also

What is Micro Leasing PCL's Note Receivable?

Note Receivable
1.7B THB

What is Micro Leasing PCL's Note Receivable growth rate?

Note Receivable CAGR 3Y
-7%

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Micro Leasing PCL SET:MICRO

Micro Leasing PCL Note Receivable

Micro Leasing PCL Note Receivable Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Micro Leasing PCL Glance View

See Also

What is Micro Leasing PCL's Note Receivable? Note Receivable 1.7B THB

What is Micro Leasing PCL's Note Receivable growth rate? Note Receivable CAGR 3Y -7%

Company

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Micro Leasing PCL
SET:MICRO

Micro Leasing PCL
Note Receivable

Micro Leasing PCL
Note Receivable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Micro Leasing PCL
Glance View

What is Micro Leasing PCL's Note Receivable?

Note Receivable
1.7B THB

What is Micro Leasing PCL's Note Receivable growth rate?

Note Receivable CAGR 3Y
-7%