Other Items - TPC Power Holding PCL (SET:TPCH)

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Price: 1.57 THB -1.88% Market Closed

Market Cap: ฿629.9m

TPC Power Holding PCL
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TPC Power Holding PCL
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Company		Other Items	CAGR 3Y	CAGR 5Y	CAGR 10Y
T	TPC Power Holding PCL SET:TPCH	Other Items -฿352.4m	CAGR 3-Years N/A	CAGR 5-Years -10%	CAGR 10-Years -39%
T	TPI Polene Power PCL SET:TPIPP	Other Items ฿698.6m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
B	BCPG PCL SET:BCPG	Other Items ฿1B	CAGR 3-Years -52%	CAGR 5-Years N/A	CAGR 10-Years N/A
C	CK Power PCL SET:CKP	Other Items -฿3.2B	CAGR 3-Years -41%	CAGR 5-Years -51%	CAGR 10-Years 7%
E	Energy Absolute PCL SET:EA	Other Items ฿147.3m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years -9%
G	Gunkul Engineering PCL SET:GUNKUL	Other Items ฿582.9m	CAGR 3-Years -48%	CAGR 5-Years -14%	CAGR 10-Years N/A

TPC Power Holding PCL
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Market Cap

629.9m THB

Industry

Utilities

TPC Power Holding Public Co., Ltd. operates as a holding company. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2015-01-08. The firm produces and distributes electricity from various types of renewable energy and provides support services. The company focuses on producing and distributing biomass electricity, electricity from solid waste fuels with integrated waste management and production and distribution of refuse derived fuel (RDF). The company has three power plant projects under construction, which include TPCH1, TPCH2 and TPCH5, which have a total offering capacity of 24.7 megawatts (MW). The company has seven power plants that have commercial operations, which include CRB power plants, MWE power plant, MGP power plant, PGP power plant, SGP power plant, TSG power plant and PTG power plant. The firm invested in Siam Power Co., Ltd. (SP), which operates the production business, to manage the system of using solid waste to generate electricity, which has an offering volume of eight MW of electricity.

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TPCH Intrinsic Value

Undervaluation 85%

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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.

TPC Power Holding PCL
SET:TPCH

TPC Power Holding PCL
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TPC Power Holding PCL
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TPC Power Holding PCL
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What is TPC Power Holding PCL's Other Items?

Other Items
-352.4m THB

What is TPC Power Holding PCL's Other Items growth rate?

Other Items CAGR 10Y
-39%

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TPC Power Holding PCL SET:TPCH

TPC Power Holding PCL Other Items

TPC Power Holding PCL Other Items Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

TPC Power Holding PCL Glance View

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What is TPC Power Holding PCL's Other Items? Other Items -352.4m THB

What is TPC Power Holding PCL's Other Items growth rate? Other Items CAGR 10Y -39%

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TPC Power Holding PCL
SET:TPCH

TPC Power Holding PCL
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TPC Power Holding PCL
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

TPC Power Holding PCL
Glance View

What is TPC Power Holding PCL's Other Items?

Other Items
-352.4m THB

What is TPC Power Holding PCL's Other Items growth rate?

Other Items CAGR 10Y
-39%