Other Items - Muangthai Capital PCL (SET:MTC)

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Price: 33.75 THB -0.74% Market Closed

Market Cap: ฿71.6B

Muangthai Capital PCL
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Muangthai Capital PCL
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Company		Other Items	CAGR 3Y	CAGR 5Y	CAGR 10Y
M	Muangthai Capital PCL SET:MTC	Other Items ฿9.7m	CAGR 3-Years -2%	CAGR 5-Years N/A	CAGR 10-Years N/A
S	Srisawad Corporation PCL SET:SAWAD	Other Items -฿453.2m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years 3%
K	Krungthai Card PCL SET:KTC	Other Items ฿4.5m	CAGR 3-Years -1%	CAGR 5-Years N/A	CAGR 10-Years -4%
J	JMT Network Services PCL SET:JMT	Other Items ฿642.6m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years 86%
A	Aeon Thana Sinsap Thailand PCL SET:AEONTS	Other Items -฿62.3m	CAGR 3-Years 15%	CAGR 5-Years N/A	CAGR 10-Years -11%
N	Ngern Tid Lor PCL SET:TIDLOR	Other Items ฿7.2m	CAGR 3-Years 66%	CAGR 5-Years 42%	CAGR 10-Years N/A

Muangthai Capital PCL
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Market Cap

71.6B THB

Industry

Financial Services

Muangthai Capital PCL has carved an intriguing niche in the bustling economic landscape of Thailand, positioning itself as a pivotal player in the micro-lending sector. With its roots tracing back to humble beginnings, the company has experienced substantial growth by focusing on providing accessible financial services to underserved communities. Its operations primarily center on lending against motorcycles and other small vehicles, offering a lifeline to those who might struggle to access traditional banking services. By extending credit through these collateral-backed loans, Muangthai Capital enables individuals to meet urgent financial needs or invest in small-scale entrepreneurial endeavors, hence fueling grassroots economic activity. The company's business model is ingeniously straightforward yet highly effective. By utilizing a network of branches spread across both urban and rural areas, Muangthai Capital ensures a wide-reaching presence, allowing it to directly engage with its clientele. This extensive on-ground network not only facilitates a more personal service experience but also enhances credit risk assessment through a localized approach. Revenue is primarily driven by the interest on loans, leveraged through high customer volumes rather than steep lending rates. This strategy is complemented by efficient cost management and a keen understanding of the socio-economic dynamics of its customer base, thus securing a sustainable profit margin while maintaining responsible lending practices.

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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.

Muangthai Capital PCL
SET:MTC

Muangthai Capital PCL
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Muangthai Capital PCL
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Muangthai Capital PCL
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What is Muangthai Capital PCL's Other Items?

Other Items
9.7m THB

What is Muangthai Capital PCL's Other Items growth rate?

Other Items CAGR 3Y
-2%

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What is Muangthai Capital PCL's Other Items? Other Items 9.7m THB

What is Muangthai Capital PCL's Other Items growth rate? Other Items CAGR 3Y -2%

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Muangthai Capital PCL
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Muangthai Capital PCL
Other Items

Muangthai Capital PCL
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Muangthai Capital PCL
Glance View

What is Muangthai Capital PCL's Other Items?

Other Items
9.7m THB

What is Muangthai Capital PCL's Other Items growth rate?

Other Items CAGR 3Y
-2%