Inventory - TMT Steel PCL (SET:TMT)

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Price: 2.72 THB -1.45% Market Closed

Market Cap: ฿2.4B

TMT Steel PCL
Inventory

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Annual

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Balance Sheet

TMT Steel PCL
Inventory Peer Comparison

Company		Inventory	CAGR 3Y	CAGR 5Y	CAGR 10Y
T	TMT Steel PCL SET:TMT	Inventory ฿2.1B	CAGR 3-Years -1%	CAGR 5-Years 8%	CAGR 10-Years 7%
M	MCS Steel PCL SET:MCS	Inventory ฿2.7B	CAGR 3-Years 11%	CAGR 5-Years 6%	CAGR 10-Years 11%
S	STP&I PCL SET:STPI	Inventory ฿203.9m	CAGR 3-Years -14%	CAGR 5-Years -15%	CAGR 10-Years -20%
T	Tata Steel Thailand PCL SET:TSTH	Inventory ฿3.5B	CAGR 3-Years -6%	CAGR 5-Years 5%	CAGR 10-Years 3%
P	POSCO Thainox PCL SET:INOX	Inventory ฿3.3B	CAGR 3-Years -18%	CAGR 5-Years 0%	CAGR 10-Years 0%
G	G Steel PCL SET:GSTEEL	Inventory ฿2.6B	CAGR 3-Years 14%	CAGR 5-Years -1%	CAGR 10-Years 2%

TMT Steel PCL
Glance View

Market Cap

2.4B THB

Industry

Metals & Mining

TMT Steel Public Co. Ltd. engages in the trading and transforming of steel products. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2005-02-18. The company is engaged in trading and transforming the structural steel, plates, and sheets. The company serves the needs of customers and provides the type of product the customers require through its management and warehousing system. Its flat products include hot rolled steel sheet, slit steel roll, and striped steel plate. Its cold forming products include round steel pipe, flat pipe, square pipe, spray pipe, API pipes, and GI zinc coated pipes, among others. Its hot formed steel sections include H-shaped structural steel, T-shaped structural steel, round bar, cane steel, hot rolled steel gutter, and hot rolled steel scene. The company has various cold forming production lines. Its customers are served domestically and internationally with various steel products, from raw materials to finished products. The company caters for shearing, slitting, and cutting to any specific requirements as needed.

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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.

TMT Steel PCL
SET:TMT

TMT Steel PCL
Inventory

TMT Steel PCL
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

TMT Steel PCL
Glance View

See Also

What is TMT Steel PCL's Inventory?

Inventory
2.1B THB

What is TMT Steel PCL's Inventory growth rate?

Inventory CAGR 10Y
7%

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TMT Steel PCL SET:TMT

TMT Steel PCL Inventory

TMT Steel PCL Inventory Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

TMT Steel PCL Glance View

See Also

What is TMT Steel PCL's Inventory? Inventory 2.1B THB

What is TMT Steel PCL's Inventory growth rate? Inventory CAGR 10Y 7%

Company

Help

Tools

Stocks

TMT Steel PCL
SET:TMT

TMT Steel PCL
Inventory

TMT Steel PCL
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

TMT Steel PCL
Glance View

What is TMT Steel PCL's Inventory?

Inventory
2.1B THB

What is TMT Steel PCL's Inventory growth rate?

Inventory CAGR 10Y
7%