Note Receivable - Turnkey Communication Services PCL (SET:TKC)

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Price: 8.8 THB -1.12% Market Closed

Market Cap: ฿2.6B

Turnkey Communication Services PCL
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Turnkey Communication Services PCL
Note Receivable Peer Comparison

Company		Note Receivable	CAGR 3Y	CAGR 5Y	CAGR 10Y
T	Turnkey Communication Services PCL SET:TKC	Note Receivable ฿457.8m	CAGR 3-Years 62%	CAGR 5-Years 109%	CAGR 10-Years N/A
P	PSG Corporation PCL SET:PSG	Note Receivable ฿73.4m	CAGR 3-Years 66%	CAGR 5-Years -4%	CAGR 10-Years N/A
S	Sriracha Construction PCL SET:SRICHA	Note Receivable ฿97.2m	CAGR 3-Years -4%	CAGR 5-Years N/A	CAGR 10-Years N/A
C	CH Karnchang PCL SET:CK	Note Receivable ฿10.3B	CAGR 3-Years -2%	CAGR 5-Years -5%	CAGR 10-Years -2%
U	Unique Engineering and Construction PCL SET:UNIQ	Note Receivable ฿875.1m	CAGR 3-Years 0%	CAGR 5-Years -9%	CAGR 10-Years 11%
S	Sino Thai Engineering and Construction PCL SET:STEC	Note Receivable ฿1B	CAGR 3-Years 79%	CAGR 5-Years 30%	CAGR 10-Years 80%

Turnkey Communication Services PCL
Glance View

Market Cap

2.6B THB

Industry

Construction

Turnkey Communication Services PCL is engaged in the distribution of information technology systems. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2022-01-17. The firm operates under two division, namely telecommunication and Information Technology (ICT solutions and services). The telecommunication operates as a consultant and management of ICT solutions and services as well as modern communication technology. The firm designs the digital enterprise solution, radio frequency planning, switching center, and other outsource managed services. The company also provides other services of equipment installations and maintenance. ICT Solutions and Services operates as a consultant, designer, developer, distributor and installer of computer network equipment, data communication systems, project management, system maintenance, and communication. The company is also a distributor and installer of communication system such as information security, public safety and security system, and closed-circuit television (CCTV) systems to various organizations, both public and private.

View TKC Analysis

TKC Intrinsic Value

Undervaluation 29%

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.

Turnkey Communication Services PCL
SET:TKC

Turnkey Communication Services PCL
Note Receivable

Turnkey Communication Services PCL
Note Receivable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Turnkey Communication Services PCL
Glance View

See Also

What is Turnkey Communication Services PCL's Note Receivable?

Note Receivable
457.8m THB

What is Turnkey Communication Services PCL's Note Receivable growth rate?

Note Receivable CAGR 5Y
109%

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Turnkey Communication Services PCL SET:TKC

Turnkey Communication Services PCL Note Receivable

Turnkey Communication Services PCL Note Receivable Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Turnkey Communication Services PCL Glance View

See Also

What is Turnkey Communication Services PCL's Note Receivable? Note Receivable 457.8m THB

What is Turnkey Communication Services PCL's Note Receivable growth rate? Note Receivable CAGR 5Y 109%

Company

Help

Tools

Stocks

Turnkey Communication Services PCL
SET:TKC

Turnkey Communication Services PCL
Note Receivable

Turnkey Communication Services PCL
Note Receivable Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Turnkey Communication Services PCL
Glance View

What is Turnkey Communication Services PCL's Note Receivable?

Note Receivable
457.8m THB

What is Turnkey Communication Services PCL's Note Receivable growth rate?

Note Receivable CAGR 5Y
109%