M

Metro Systems Corporation PCL
SET:MSC

Watchlist Manager
Metro Systems Corporation PCL
SET:MSC
Watchlist
Price: 7.6 THB -1.3% Market Closed
Market Cap: 2.7B THB
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+6%
5Y
+27%
10Y
+40%
Operating Income
+
3Y
+3%
5Y
+2%
10Y
+8%
Net Income
+
3Y
-16%
5Y
+14%
10Y
+4%

Earnings Waterfall
Metro Systems Corporation PCL

Revenue
9.6B THB
Cost of Revenue
-8.3B THB
Gross Profit
1.3B THB
Operating Expenses
-991.1m THB
Operating Income
328.7m THB
Other Expenses
-91m THB
Net Income
237.7m THB

Income Statement
Metro Systems Corporation PCL

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Income Statement
Currency: THB
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
75
72
69
68
66
64
59
55
52
51
51
49
46
42
40
38
36
34
33
30
28
26
23
21
19
17
16
15
14
14
12
12
11
10
10
9
10
12
15
18
19
19
17
16
15
15
16
18
18
20
21
25
29
31
32
29
28
27
25
24
22
20
19
18
18
18
18
19
18
18
16
14
13
12
12
11
11
10
8
7
6
6
6
6
10
14
16
16
13
9
8
9
13
21
0
0
Revenue
3 281
N/A
3 368
+3%
3 652
+8%
3 957
+8%
4 167
+5%
4 377
+5%
4 280
-2%
4 424
+3%
4 769
+8%
4 872
+2%
5 024
+3%
5 061
+1%
5 248
+4%
5 448
+4%
5 744
+5%
6 107
+6%
5 817
-5%
5 967
+3%
5 909
-1%
5 721
-3%
5 830
+2%
5 718
-2%
5 631
-2%
5 602
-1%
5 595
0%
5 566
-1%
5 654
+2%
5 575
-1%
5 575
0%
5 370
-4%
5 183
-3%
5 202
+0%
5 283
+2%
5 512
+4%
5 511
0%
5 476
-1%
5 627
+3%
5 589
-1%
6 096
+9%
6 377
+5%
6 189
-3%
6 370
+3%
6 188
-3%
6 314
+2%
6 383
+1%
6 468
+1%
6 508
+1%
6 517
+0%
6 743
+3%
6 763
+0%
6 828
+1%
7 228
+6%
7 041
-3%
7 311
+4%
7 347
+0%
6 858
-7%
6 977
+2%
7 470
+7%
7 386
-1%
7 340
-1%
7 651
+4%
7 115
-7%
7 359
+3%
7 623
+4%
7 395
-3%
7 470
+1%
7 388
-1%
7 476
+1%
7 974
+7%
8 262
+4%
8 170
-1%
7 874
-4%
7 402
-6%
7 244
-2%
7 103
-2%
7 531
+6%
7 330
-3%
7 442
+2%
7 409
0%
7 047
-5%
7 199
+2%
7 422
+3%
7 967
+7%
9 082
+14%
9 368
+3%
10 447
+12%
10 520
+1%
9 472
-10%
9 479
+0%
8 363
-12%
8 210
-2%
8 642
+5%
8 932
+3%
9 803
+10%
9 836
+0%
9 598
-2%
Gross Profit
Cost of Revenue
(2 770)
(2 828)
(3 075)
(3 346)
(3 557)
(3 729)
(3 646)
(3 801)
(4 107)
(4 224)
(4 359)
(4 337)
(4 455)
(4 595)
(4 832)
(5 154)
(4 920)
(5 032)
(5 006)
(4 812)
(4 931)
(4 856)
(4 727)
(4 724)
(4 698)
(4 680)
(4 777)
(4 721)
(4 749)
(4 594)
(4 465)
(4 508)
(4 590)
(4 792)
(4 796)
(4 753)
(4 861)
(4 783)
(5 203)
(5 416)
(5 253)
(5 443)
(5 307)
(5 424)
(5 471)
(5 554)
(5 591)
(5 604)
(5 795)
(5 827)
(5 864)
(6 261)
(6 069)
(6 261)
(6 275)
(5 795)
(5 907)
(6 360)
(6 286)
(6 251)
(6 568)
(6 053)
(6 266)
(6 474)
(6 218)
(6 298)
(6 179)
(6 251)
(6 717)
(6 960)
(6 906)
(6 663)
(6 192)
(6 100)
(5 982)
(6 382)
(6 254)
(6 341)
(6 319)
(5 990)
(6 139)
(6 367)
(6 864)
(7 909)
(8 166)
(9 107)
(9 153)
(8 180)
(8 145)
(7 140)
(7 016)
(7 422)
(7 693)
(8 481)
(8 498)
(8 278)
Gross Profit
511
N/A
540
+6%
577
+7%
612
+6%
611
0%
648
+6%
634
-2%
622
-2%
662
+6%
647
-2%
665
+3%
725
+9%
793
+9%
853
+7%
911
+7%
953
+5%
897
-6%
936
+4%
903
-3%
908
+1%
899
-1%
862
-4%
904
+5%
878
-3%
897
+2%
886
-1%
876
-1%
854
-3%
826
-3%
776
-6%
718
-7%
693
-3%
693
0%
720
+4%
715
-1%
723
+1%
766
+6%
806
+5%
893
+11%
961
+8%
936
-3%
927
-1%
881
-5%
890
+1%
912
+2%
913
+0%
918
+0%
913
-1%
948
+4%
937
-1%
964
+3%
967
+0%
972
+1%
1 050
+8%
1 072
+2%
1 063
-1%
1 070
+1%
1 111
+4%
1 100
-1%
1 090
-1%
1 083
-1%
1 061
-2%
1 093
+3%
1 149
+5%
1 177
+2%
1 171
0%
1 209
+3%
1 225
+1%
1 256
+3%
1 301
+4%
1 264
-3%
1 211
-4%
1 210
0%
1 144
-5%
1 121
-2%
1 149
+2%
1 077
-6%
1 102
+2%
1 091
-1%
1 057
-3%
1 060
+0%
1 055
0%
1 103
+5%
1 172
+6%
1 203
+3%
1 339
+11%
1 367
+2%
1 292
-5%
1 334
+3%
1 223
-8%
1 194
-2%
1 220
+2%
1 239
+2%
1 323
+7%
1 338
+1%
1 320
-1%
Operating Income
Operating Expenses
(403)
(394)
(410)
(436)
(468)
(494)
(500)
(505)
(528)
(535)
(558)
(595)
(616)
(651)
(668)
(664)
(613)
(600)
(544)
(546)
(635)
(639)
(645)
(652)
(685)
(689)
(677)
(672)
(638)
(612)
(603)
(583)
(585)
(575)
(570)
(571)
(589)
(602)
(610)
(634)
(632)
(644)
(651)
(650)
(645)
(653)
(653)
(667)
(696)
(699)
(711)
(728)
(724)
(751)
(765)
(758)
(785)
(807)
(817)
(810)
(824)
(818)
(834)
(866)
(863)
(861)
(861)
(862)
(893)
(916)
(955)
(962)
(925)
(888)
(842)
(826)
(824)
(839)
(841)
(839)
(845)
(843)
(836)
(853)
(888)
(930)
(942)
(957)
(966)
(894)
(921)
(936)
(904)
(973)
(1 005)
(991)
Selling, General & Administrative
(419)
(410)
(431)
(450)
(488)
(514)
(517)
(541)
(556)
(559)
(581)
(604)
(642)
(683)
(704)
(708)
(655)
(645)
(642)
(639)
(671)
(670)
(672)
(675)
(699)
(708)
(700)
(694)
(661)
(632)
(621)
(603)
(607)
(597)
(592)
(594)
(612)
(625)
(632)
(653)
(654)
(668)
(675)
(678)
(677)
(687)
(688)
(702)
(724)
(727)
(740)
(759)
(760)
(788)
(807)
(799)
(823)
(847)
(856)
(856)
(874)
(874)
(890)
(918)
(835)
(917)
(927)
(937)
(902)
(995)
(1 024)
(1 029)
(998)
(998)
(930)
(918)
(904)
(900)
(913)
(905)
(920)
(893)
(905)
(933)
(947)
(1 010)
(1 028)
(1 039)
(1 045)
(1 082)
(1 090)
(1 089)
(1 095)
(1 049)
(1 092)
(1 109)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(78)
0
0
0
(69)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
16
16
21
14
19
19
17
36
28
25
23
10
26
32
37
44
42
45
98
93
35
31
26
23
14
19
22
23
23
19
18
21
22
22
22
23
23
22
22
19
22
24
25
28
32
34
35
34
28
28
28
29
35
37
42
41
39
40
40
46
50
56
56
52
49
55
66
76
78
78
69
67
73
109
89
91
80
61
72
65
76
50
69
80
59
80
86
82
79
188
170
153
191
76
87
117
Operating Income
108
N/A
146
+35%
167
+14%
176
+5%
143
-19%
154
+8%
134
-13%
117
-13%
134
+15%
113
-16%
108
-5%
130
+21%
177
+36%
202
+14%
244
+21%
289
+19%
285
-2%
336
+18%
359
+7%
362
+1%
264
-27%
224
-15%
259
+16%
225
-13%
212
-6%
197
-7%
199
+1%
183
-8%
188
+3%
163
-13%
115
-30%
111
-4%
108
-3%
144
+34%
145
+0%
152
+4%
177
+17%
204
+15%
284
+39%
327
+15%
304
-7%
283
-7%
230
-19%
240
+4%
267
+11%
260
-2%
264
+1%
246
-7%
252
+3%
238
-6%
253
+6%
239
-6%
247
+4%
299
+21%
307
+3%
305
-1%
285
-7%
304
+6%
283
-7%
280
-1%
259
-7%
244
-6%
259
+6%
283
+9%
314
+11%
310
-1%
348
+12%
364
+5%
363
0%
385
+6%
309
-20%
249
-19%
284
+14%
256
-10%
279
+9%
322
+15%
252
-22%
263
+4%
249
-5%
218
-13%
215
-1%
213
-1%
267
+26%
319
+20%
314
-2%
410
+30%
424
+4%
335
-21%
368
+10%
329
-11%
273
-17%
284
+4%
334
+18%
350
+5%
333
-5%
329
-1%
Pre-Tax Income
Interest Income Expense
(71)
(72)
(70)
(67)
(66)
(61)
(56)
(52)
(49)
(47)
(45)
(43)
(41)
(38)
(40)
(38)
(34)
21
(32)
(29)
(28)
(22)
(17)
(16)
(14)
(17)
(16)
(12)
(10)
(15)
(8)
(10)
(8)
(5)
(6)
(7)
(6)
(7)
(17)
(18)
(23)
(22)
(18)
(20)
(19)
(20)
(20)
(20)
(18)
(18)
(20)
(25)
(24)
(23)
(23)
(15)
(19)
(26)
(27)
(32)
(30)
(24)
(21)
(19)
(18)
(18)
(18)
(16)
(18)
(18)
(16)
(14)
(11)
(9)
(10)
(13)
(14)
(15)
(12)
(12)
(8)
(6)
(5)
(4)
(8)
(12)
(14)
(14)
(10)
(7)
(6)
(7)
(12)
(20)
(26)
(30)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
55
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(88)
(89)
(58)
(58)
29
42
11
11
13
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(30)
(47)
(52)
(58)
(28)
(4)
42
45
46
40
0
2
0
(1)
(2)
(3)
6
6
6
7
(2)
(2)
Total Other Income
0
(0)
(0)
0
0
0
0
0
0
0
0
0
(0)
0
(0)
(0)
0
(0)
(0)
(0)
0
0
0
0
0
(0)
0
0
0
0
0
0
0
(0)
(0)
(0)
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
37
N/A
74
+98%
97
+31%
109
+12%
77
-30%
93
+20%
78
-15%
65
-17%
85
+30%
66
-22%
63
-5%
87
+39%
136
+57%
164
+20%
204
+25%
251
+23%
251
+0%
357
+42%
327
-8%
334
+2%
291
-13%
202
-31%
242
+20%
210
-14%
199
-5%
180
-9%
183
+2%
171
-6%
179
+4%
149
-17%
107
-28%
101
-5%
100
-1%
139
+40%
139
0%
145
+4%
171
+18%
197
+15%
267
+36%
309
+16%
193
-37%
172
-11%
154
-11%
163
+6%
277
+71%
282
+2%
255
-10%
237
-7%
247
+4%
221
-11%
233
+6%
214
-8%
224
+4%
276
+23%
284
+3%
290
+2%
266
-8%
278
+5%
257
-8%
247
-4%
229
-7%
220
-4%
237
+8%
264
+11%
296
+12%
293
-1%
330
+13%
347
+5%
346
0%
367
+6%
293
-20%
235
-20%
273
+16%
247
-10%
239
-3%
262
+10%
186
-29%
191
+3%
208
+9%
202
-3%
249
+23%
251
+1%
308
+23%
356
+15%
307
-14%
400
+31%
411
+3%
320
-22%
355
+11%
319
-10%
273
-14%
282
+3%
329
+16%
336
+2%
305
-9%
296
-3%
Net Income
Tax Provision
(12)
(17)
(24)
(15)
(13)
(13)
0
(12)
(13)
(9)
(15)
(25)
(44)
(52)
(63)
(73)
(62)
(95)
(87)
(89)
(80)
(35)
(45)
(38)
(40)
(45)
(47)
(41)
(40)
(37)
(27)
(25)
(30)
(40)
(39)
(42)
(45)
(53)
(77)
(93)
(87)
(81)
(57)
(59)
(55)
(62)
(66)
(55)
(41)
(45)
(46)
(44)
(49)
(59)
(62)
(58)
(56)
(61)
(50)
(50)
(43)
(29)
(48)
(54)
(60)
(68)
(63)
(63)
(64)
(65)
(51)
(38)
(51)
(47)
(45)
(52)
(30)
(34)
(42)
(40)
(54)
(53)
(61)
(73)
(62)
(80)
(82)
(63)
(70)
(63)
(54)
(56)
(65)
(66)
(61)
(59)
Income from Continuing Operations
26
57
73
95
65
80
79
53
72
58
48
62
93
111
141
178
190
263
240
245
212
166
197
171
159
135
136
131
138
112
80
76
70
99
100
103
126
144
190
216
106
92
97
103
222
220
189
182
206
176
187
170
175
216
222
233
209
217
206
197
186
191
189
210
236
225
267
284
282
302
242
197
222
199
194
211
156
157
167
163
196
198
247
283
245
321
329
257
285
256
219
226
264
269
244
238
Income to Minority Interest
(3)
(4)
(6)
(6)
(5)
(4)
(2)
(4)
(5)
(8)
(8)
(4)
(2)
3
(1)
(7)
(17)
(18)
(13)
(9)
0
0
(1)
(3)
(3)
(2)
(1)
(0)
(0)
(1)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(3)
(2)
(3)
(2)
(1)
(1)
(0)
(2)
(2)
(1)
(2)
(2)
(1)
(1)
1
1
(0)
(2)
(3)
(3)
(3)
0
(2)
2
3
1
3
(1)
(1)
(1)
1
1
1
1
0
(2)
(2)
(2)
(2)
(0)
(0)
(0)
(0)
2
2
2
2
(0)
(0)
(0)
(0)
(0)
(8)
(8)
(8)
(8)
(0)
0
0
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
23
N/A
53
+130%
67
+26%
89
+33%
59
-34%
76
+29%
76
N/A
49
-36%
67
+38%
50
-26%
40
-19%
58
+43%
91
+57%
114
+25%
140
+23%
172
+23%
173
+1%
245
+41%
226
-7%
235
+4%
212
-10%
166
-22%
197
+18%
169
-14%
156
-7%
133
-15%
134
+1%
130
-3%
138
+6%
111
-20%
78
-30%
74
-5%
68
-8%
98
+45%
98
+0%
102
+4%
125
+22%
141
+13%
188
+33%
213
+13%
104
-51%
91
-13%
97
+7%
103
+7%
221
+114%
219
-1%
187
-14%
180
-4%
204
+13%
175
-15%
186
+7%
171
-8%
176
+3%
216
+23%
220
+2%
229
+4%
206
-10%
215
+4%
207
-4%
196
-5%
188
-4%
194
+3%
191
-1%
213
+11%
235
+11%
224
-5%
266
+18%
285
+7%
283
-1%
303
+7%
243
-20%
197
-19%
220
+12%
197
-10%
192
-3%
208
+9%
156
-25%
156
+0%
166
+6%
162
-2%
197
+21%
200
+1%
249
+24%
284
+14%
245
-14%
320
+31%
329
+3%
257
-22%
285
+11%
248
-13%
211
-15%
218
+3%
256
+17%
269
+5%
244
-9%
238
-3%
EPS (Diluted)
0.13
N/A
0.29
+123%
0.37
+28%
0.49
+32%
0.26
-47%
0.28
+8%
0.24
-14%
0.15
-38%
0.23
+53%
0.16
-30%
0.13
-19%
0.18
+38%
0.26
+44%
0.32
+23%
0.4
+25%
0.49
+23%
0.49
N/A
0.68
+39%
0.63
-7%
0.65
+3%
0.59
-9%
0.46
-22%
0.54
+17%
0.46
-15%
0.43
-7%
0.37
-14%
0.38
+3%
0.37
-3%
0.38
+3%
0.31
-18%
0.21
-32%
0.2
-5%
0.19
-5%
0.27
+42%
0.27
N/A
0.28
+4%
0.35
+25%
0.39
+11%
0.52
+33%
0.59
+13%
0.29
-51%
0.25
-14%
0.27
+8%
0.29
+7%
0.61
+110%
0.61
N/A
0.52
-15%
0.5
-4%
0.57
+14%
0.49
-14%
0.52
+6%
0.48
-8%
0.49
+2%
0.6
+22%
0.61
+2%
0.63
+3%
0.57
-10%
0.59
+4%
0.57
-3%
0.54
-5%
0.52
-4%
0.53
+2%
0.53
N/A
0.59
+11%
0.65
+10%
0.63
-3%
0.74
+17%
0.8
+8%
0.79
-1%
0.84
+6%
0.67
-20%
0.55
-18%
0.61
+11%
0.55
-10%
0.53
-4%
0.58
+9%
0.43
-26%
0.43
N/A
0.46
+7%
0.45
-2%
0.55
+22%
0.56
+2%
0.69
+23%
0.79
+14%
0.68
-14%
0.89
+31%
0.91
+2%
0.71
-22%
0.79
+11%
0.69
-13%
0.59
-14%
0.61
+3%
0.71
+16%
0.75
+6%
0.68
-9%
0.66
-3%

See Also

Summary
MSC intrinsic value, competitors valuation, and company profile.
DCF Valuation
MSC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MSC stock valuation using valuation multiples.
Wall Street Estimates
MSC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MSC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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