Other Items - Millcon Steel PCL (SET:MILL)

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Price: 0.06 THB

Market Cap: ฿618.1m

Millcon Steel PCL
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Millcon Steel PCL
Other Items Peer Comparison

Company		Other Items	CAGR 3Y	CAGR 5Y	CAGR 10Y
M	Millcon Steel PCL SET:MILL	Other Items ฿174.5m	CAGR 3-Years -33%	CAGR 5-Years N/A	CAGR 10-Years N/A
M	MCS Steel PCL SET:MCS	Other Items ฿9.9m	CAGR 3-Years -8%	CAGR 5-Years 2%	CAGR 10-Years -23%
S	STP&I PCL SET:STPI	Other Items -฿145.3m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
T	Tata Steel Thailand PCL SET:TSTH	Other Items ฿462.5m	CAGR 3-Years 169%	CAGR 5-Years 89%	CAGR 10-Years 34%
P	POSCO Thainox PCL SET:INOX	Other Items -฿44.1m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
G	G Steel PCL SET:GSTEEL	Other Items ฿4.2m	CAGR 3-Years 141%	CAGR 5-Years -28%	CAGR 10-Years -26%

Millcon Steel PCL
Glance View

Market Cap

618.1m THB

Industry

Metals & Mining

Millcon Steel Public Co. Ltd. engages in the manufacture and trade of steel products. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2007-11-06. The firm manufactures and supplies products, including concrete steel bars, such as round bars and deformed bars used in construction industry; high tensile thread steel bars used in construction of high tension work; rolled steels, and structural steel products, including hot-rolled coils (HRC), cutting products and steel fabrication, such as slitting coils, steel sheets, flat plates, lip channel steel sheets and steel pipes used in construction, furniture and spare parts of automotive industries. Its subsidiaries include Millcon Burapa Co., Ltd., which is engaged in the businesses of manufacture and distribution of billet; Millcon Steel Pipe Co., Ltd., which is engaged in the production and distribution of steel products, and Suntech Metals Co., Ltd., which is engaged in the business of production of scrap and trading steel products.

View MILL Analysis

MILL Intrinsic Value

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.

Millcon Steel PCL
SET:MILL

Millcon Steel PCL
Other Items

Millcon Steel PCL
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Millcon Steel PCL
Glance View

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What is Millcon Steel PCL's Other Items?

Other Items
174.5m THB

What is Millcon Steel PCL's Other Items growth rate?

Other Items CAGR 3Y
-33%

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Millcon Steel PCL SET:MILL

Millcon Steel PCL Other Items

Millcon Steel PCL Other Items Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Millcon Steel PCL Glance View

See Also

What is Millcon Steel PCL's Other Items? Other Items 174.5m THB

What is Millcon Steel PCL's Other Items growth rate? Other Items CAGR 3Y -33%

Company

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Millcon Steel PCL
SET:MILL

Millcon Steel PCL
Other Items

Millcon Steel PCL
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Millcon Steel PCL
Glance View

What is Millcon Steel PCL's Other Items?

Other Items
174.5m THB

What is Millcon Steel PCL's Other Items growth rate?

Other Items CAGR 3Y
-33%