Goodwill - Siam Technic Concrete PCL (SET:STECH)

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Price: 0.99 THB -1.98% Market Closed

Market Cap: ฿717.8m

Siam Technic Concrete PCL
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Siam Technic Concrete PCL
Goodwill Peer Comparison

Company		Goodwill	CAGR 3Y	CAGR 5Y	CAGR 10Y
S	Siam Technic Concrete PCL SET:STECH	Goodwill ฿5.5m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Siam Cement PCL SET:SCC	Goodwill ฿44.4B	CAGR 3-Years -3%	CAGR 5-Years 6%	CAGR 10-Years 14%
S	Siam City Cement PCL SET:SCCC	Goodwill ฿11.9B	CAGR 3-Years -7%	CAGR 5-Years -3%	CAGR 10-Years N/A
D	Diamond Building Products PCL SET:DRT	Goodwill N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
T	TPI Polene PCL SET:TPIPL	Goodwill N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
T	TIPCO Asphalt PCL SET:TASCO	Goodwill ฿195.9m	CAGR 3-Years 0%	CAGR 5-Years 6%	CAGR 10-Years 3%

Siam Technic Concrete PCL
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Market Cap

717.8m THB

Industry

Construction

Siam Technic Concrete Public Co., Ltd. engages in the manufacture and distribution of prestressed concrete products. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2021-07-23. The firm is principally engaged in the manufacture of prestressed concrete products and construction contractor service. Its segments include sale of goods and service, and construction. Its products include Pc Spun, I-Section, Box and Plank Girder, Electric Poles, and other products, such as Hollow Square-Section Pile, Cross Arm Spun, Beam, Stub, Slab, and Sheet Pile. Its services include transportation services, piling services, and construction services. The company provides construction services for housing, office buildings, factories, warehouses, and other infrastructures. The firm provides installation and piling services by using rig cranes, rubber tire mounted cranes, crawler mounted cranes, hydraulic crane, and hydraulic static pile driver (jack-in piling system). Its subsidiaries include Siam Technic Power Co.,Ltd, Siam Technic Concrete (Saraburi) Co.,Ltd, and Siam Technic Concrete (Sukhothai) Co.,Ltd.

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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.

Siam Technic Concrete PCL
SET:STECH

Siam Technic Concrete PCL
Goodwill

Siam Technic Concrete PCL
Goodwill Peer Comparison

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Siam Technic Concrete PCL
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What is Siam Technic Concrete PCL's Goodwill?

Goodwill
5.5m THB

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What is Siam Technic Concrete PCL's Goodwill? Goodwill 5.5m THB

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Siam Technic Concrete PCL
SET:STECH

Siam Technic Concrete PCL
Goodwill

Siam Technic Concrete PCL
Goodwill Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Siam Technic Concrete PCL
Glance View

What is Siam Technic Concrete PCL's Goodwill?

Goodwill
5.5m THB