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TSE-R.BK$0.84+38.71%
Fair $0.84+0.0%

TSE-R.BK

Thai Solar Energy Public Company Limited

Utilities / Utilities - RenewableThailand

$0.84

+0.23 (+38.71%)

Fairly Valued+0.0%Fair Value $0.84Fund rank 24/100 · Data gapFallback financials|
SA 46/C
F-Score: 7/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 16%

FCF escenarios

weak_data · normalized FCF $-127.1M · quality 37.7/100

Data gap 24/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 11/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

46/100

C

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is 1.5%, below the 5% threshold
Thesis & Journal · TSE-R.BKLocal privado en este navegador · Thai Solar Energy Public Company Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.8B

P/E

84.0x

↑

EV/EBITDA

8.1x

↓

ROE

1.5%

↓

Gross Margin

24.6%

↓

Debt/Equity

1.08

↑
52-Week Range$1
$0$1

TradingView lightweight chart

TSE-R.BK price, volumen y niveles de valoración

Último $0.840Periodo -84.1%
Fair value: $0.840

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+2.7%

FCF CAGR

—

FCF margin

2.2%

FCF / Net income

0.58x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.24B · net income $46.7M · FCF $27.2M

2022-FY → 2025-FY

Gross margin

24.6%+2.5% pts

Operating margin

17.2%-1.5% pts

Net margin

3.8%-59.4% pts

FCF margin

2.2%+278.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.24B$1.24B$1.18B$1.18B$1.15B
Net Income$46.7M$46.7M$-501.2M$-2.98B$723.8M
EBITDA$551.3M$551.3M$53.5M$13.5M$1.47B
EPS0.020.02-0.24-1.410.34
Gross Margin24.6%24.6%26.7%26.4%22.1%
Operating Margin17.2%17.2%3.9%-82.6%18.7%
Net Margin3.8%3.8%-42.6%-252.5%63.2%
Balance Sheet
Debt/Equity1.081.081.421.742.13
Current Ratio3.233.23———
Cash Flow
Free Cash Flow$27.2M$27.2M$-127.1M$-1.04B$-3.16B
Returns
ROE1.5%1.5%-16.8%-82.3%11.2%
Valuation
P/E84.0084.00——7.21
EV/EBITDA8.128.12108.84671.7412.66
P/B0.590.590.651.290.81
Growth & Yield
Revenue Growth5.7%5.7%-0.4%3.0%—
EPS Growth108.3%108.3%83.0%-514.7%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

55.0%

muy exigente

EPS terminal req.

$0.07

Spread vs growth

53.3%

5Y implied EPS CAGR

35.2%

muy exigente

EPS terminal req.

$0.09

Spread vs growth

73.2%

10Y implied EPS CAGR

21.9%

exigente

EPS terminal req.

$0.15

Spread vs growth

86.4%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +121.1%

Total return

+121.1%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.24 → 0.02

Residual

+121.1%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+121.1%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.