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Thai Solar Energy PCL
SET:TSE

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Thai Solar Energy PCL
SET:TSE
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Price: 0.41 THB 2.5% Market Closed
Market Cap: ฿868.3m
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-2%
5Y
-15%
10Y
+1 093%
Operating Income
+
3Y
-72%
5Y
-72%
10Y
-
Net Income
+
3Y
-
5Y
-
10Y
-

Earnings Waterfall
Thai Solar Energy PCL

Income Statement
Thai Solar Energy PCL

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Income Statement
Currency: THB
Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
29
5
12
19
28
0
0
12
52
67
99
122
104
102
106
110
80
153
185
174
150
164
189
257
326
363
353
0
328
248
238
316
320
339
0
0
356
0
0
0
231
0
0
0
Revenue
141
N/A
146
+3%
150
+3%
131
-12%
54
-59%
65
+20%
84
+29%
108
+30%
129
+19%
144
+12%
170
+18%
187
+10%
422
+126%
436
+3%
443
+1%
451
+2%
229
-49%
232
+1%
275
+19%
357
+30%
561
+57%
803
+43%
1 067
+33%
1 286
+20%
1 349
+5%
1 420
+5%
1 467
+3%
1 515
+3%
1 530
+1%
1 531
+0%
1 531
0%
1 536
+0%
1 524
-1%
1 488
-2%
1 398
-6%
1 316
-6%
1 313
0%
1 325
+1%
1 479
+12%
1 706
+15%
1 261
-26%
2 615
+107%
2 454
-6%
2 211
-10%
1 228
-44%
1 262
+3%
1 281
+2%
1 292
+1%
Gross Profit
Cost of Revenue
(80)
(86)
(92)
(97)
(88)
(98)
(110)
(121)
(120)
(125)
(137)
(139)
(150)
(159)
(162)
(169)
(177)
(190)
(225)
(293)
(435)
(580)
(723)
(839)
(911)
(954)
(992)
(1 024)
(1 023)
(1 052)
(1 052)
(1 063)
(1 075)
(1 037)
(993)
(940)
(893)
(876)
(952)
(1 061)
(868)
(1 689)
(1 598)
(1 485)
(862)
(884)
(917)
(930)
Gross Profit
61
N/A
60
-1%
57
-4%
34
-40%
(34)
N/A
(33)
+3%
(27)
+20%
(13)
+53%
9
N/A
20
+112%
33
+68%
48
+44%
272
+472%
277
+2%
281
+1%
282
+0%
52
-82%
42
-18%
50
+19%
65
+29%
126
+95%
223
+77%
345
+54%
447
+30%
438
-2%
466
+6%
476
+2%
491
+3%
507
+3%
479
-6%
479
0%
473
-1%
449
-5%
451
+0%
404
-10%
376
-7%
420
+12%
449
+7%
528
+17%
645
+22%
392
-39%
926
+136%
856
-8%
726
-15%
367
-49%
378
+3%
364
-4%
361
-1%
Operating Income
Operating Expenses
358
(234)
82
98
(335)
119
(335)
(346)
(80)
(90)
(97)
(111)
(154)
(144)
(164)
(167)
(137)
(152)
(164)
(128)
(437)
(380)
(368)
(409)
(212)
(142)
(198)
(214)
(294)
(277)
(219)
(163)
(339)
(38)
(40)
(102)
(195)
(121)
(198)
(241)
(318)
(1 927)
(1 836)
(1 725)
(281)
(245)
(247)
(284)
Selling, General & Administrative
(106)
(102)
(86)
(66)
(83)
(101)
(113)
(121)
(84)
(102)
(101)
(115)
(153)
(149)
(169)
(173)
(143)
(155)
(169)
(192)
(191)
(238)
(231)
(218)
(211)
(232)
(278)
(291)
(287)
(287)
(231)
(225)
(339)
(379)
(383)
(373)
(197)
(206)
(322)
(334)
(325)
(579)
(461)
(448)
(316)
(317)
(303)
(294)
Depreciation & Amortization
(2)
0
0
0
(3)
0
0
0
(4)
0
0
0
(4)
0
0
0
(5)
0
0
0
(16)
0
0
0
(22)
0
0
0
(19)
0
0
0
(10)
0
0
0
(9)
0
0
0
(6)
0
0
0
(5)
0
0
0
Other Operating Expenses
466
(133)
168
164
(249)
220
(223)
(226)
8
12
4
3
3
4
5
6
12
3
5
65
(230)
(142)
(137)
(192)
21
90
79
77
11
10
12
62
9
341
344
270
11
85
124
93
13
(1 348)
(1 375)
(1 276)
40
72
56
10
Operating Income
419
N/A
(175)
N/A
139
N/A
132
-5%
(369)
N/A
86
N/A
(362)
N/A
(359)
+1%
(71)
+80%
(71)
+1%
(64)
+9%
(63)
+1%
119
N/A
133
+12%
117
-12%
115
-2%
(85)
N/A
(110)
-29%
(113)
-3%
(63)
+44%
(310)
-391%
(157)
+50%
(23)
+85%
37
N/A
226
+506%
324
+43%
277
-14%
277
0%
213
-23%
202
-5%
260
+29%
310
+19%
109
-65%
413
+277%
364
-12%
274
-25%
225
-18%
328
+46%
330
+1%
404
+22%
74
-82%
(1 001)
N/A
(981)
+2%
(999)
-2%
86
N/A
133
+55%
117
-12%
77
-34%
Pre-Tax Income
Interest Income Expense
(83)
(12)
595
760
938
568
571
587
601
590
603
581
537
515
463
463
511
512
529
506
554
464
445
465
507
331
399
262
221
413
293
386
342
228
269
269
594
305
291
224
(1 031)
356
270
230
(16)
(111)
(149)
(149)
Non-Reccuring Items
(599)
0
(592)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
66
0
0
0
68
0
0
0
0
0
0
0
60
0
0
0
0
0
0
0
(55)
0
0
0
(546)
(558)
(582)
(590)
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
(8)
0
0
0
(9)
0
0
0
(43)
0
0
0
3
0
0
0
(15)
0
0
0
(11)
0
0
0
(8)
0
0
0
(21)
0
0
0
(18)
0
0
0
Pre-Tax Income
(263)
N/A
(186)
+29%
143
N/A
892
+525%
569
-36%
653
+15%
209
-68%
228
+9%
530
+132%
519
-2%
539
+4%
518
-4%
647
+25%
647
+0%
580
-10%
578
0%
417
-28%
402
-3%
416
+3%
443
+6%
267
-40%
308
+15%
422
+37%
502
+19%
804
+60%
655
-19%
676
+3%
539
-20%
419
-22%
615
+47%
553
-10%
696
+26%
502
-28%
641
+28%
634
-1%
543
-14%
811
+49%
633
-22%
621
-2%
627
+1%
(1 032)
N/A
(645)
+38%
(711)
-10%
(769)
-8%
(494)
+36%
(536)
-9%
(614)
-15%
(662)
-8%
Net Income
Tax Provision
142
138
139
18
13
13
6
(1)
(4)
(4)
(4)
(5)
(30)
(30)
(29)
(29)
(3)
(8)
(9)
(10)
(84)
(79)
(78)
(78)
(5)
(6)
(6)
(4)
(0)
0
1
(4)
(9)
(12)
(16)
(13)
(15)
(15)
(22)
(29)
(3)
(21)
(20)
(11)
(8)
2
8
5
Income from Continuing Operations
(121)
(48)
281
910
581
666
214
228
527
516
535
513
617
617
551
549
414
394
407
432
183
229
344
425
799
649
670
535
419
615
554
692
493
629
618
531
796
618
600
599
(1 035)
(665)
(731)
(780)
(501)
(533)
(607)
(656)
Income to Minority Interest
0
0
0
0
0
0
0
0
(0)
0
0
1
0
1
2
1
2
1
1
(1)
(9)
(18)
(32)
(32)
(24)
(15)
(2)
(0)
3
3
3
3
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
(2)
(1)
0
Net Income (Common)
(16)
N/A
(30)
-90%
281
N/A
910
+223%
581
-36%
666
+15%
214
-68%
228
+6%
527
+131%
516
-2%
535
+4%
514
-4%
618
+20%
618
+0%
552
-11%
550
-1%
416
-24%
396
-5%
408
+3%
432
+6%
174
-60%
211
+21%
312
+48%
393
+26%
775
+97%
634
-18%
668
+5%
535
-20%
421
-21%
617
+47%
557
-10%
694
+25%
493
-29%
629
+28%
618
-2%
531
-14%
724
+36%
618
-15%
600
-3%
599
0%
(2 981)
N/A
(2 611)
+12%
(2 677)
-3%
(2 726)
-2%
(501)
+82%
(535)
-7%
(607)
-14%
(656)
-8%
EPS (Diluted)
-0.01
N/A
-0.02
-100%
0.19
N/A
0.46
+142%
0.39
-15%
0.35
-10%
0.1
-71%
0.12
+20%
0.27
+125%
0.29
+7%
0.26
-10%
0.29
+12%
0.32
+10%
0.32
N/A
0.29
-9%
0.29
N/A
0.22
-24%
0.22
N/A
0.23
+5%
0.24
+4%
0.09
-63%
0.12
+33%
0.17
+42%
0.21
+24%
0.4
+90%
0.29
-28%
0.3
+3%
0.22
-27%
0.2
-9%
0.29
+45%
0.26
-10%
0.33
+27%
0.23
-30%
0.29
+26%
0.29
N/A
0.25
-14%
0.34
+36%
0.29
-15%
0.28
-3%
0.28
N/A
-1.4
N/A
-1.23
+12%
-1.26
-2%
-1.28
-2%
-0.24
+81%
-0.25
-4%
-0.29
-16%
-0.31
-7%

See Also

Summary
TSE intrinsic value, competitors valuation, and company profile.
DCF Valuation
TSE stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TSE stock valuation using valuation multiples.
Wall Street Estimates
TSE price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TSE stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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