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Flags

Financial distress

CH. Karnchang

SET:CK · TH0530010Z06
Construction & EngineeringMedium

360

22
EV / EBIT1
Price / Owner Earnings72
Owner Earnings Yield62
Dividend Yield79
Price/Sales87
EV / Gross Profit3
Price/Book77
Return on Capital12
Cash Return on Capital47
Return on Equity62
EBIT Margin18
Gross Profitability6
Cash Conversion85
Accruals93
Owner Earnings Margin98
Sales growth1
Profit Growth47
Long-Term EPS Growth55
Owner Earnings Growth78
Reinvestment93
Price momentum63
Debt load19
Refinancing11
Debt Payback26
Liquidity23
Analyst ratings68
Opinion Changes61
Price Target Upside48
Market mood67
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

CH. Karnchang clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryThailand
IndustryConstruction & Engineering
SizeMedium
TypePublic Company
ExchangeSET
Founded1994
Employees121
Websitech-karnchang.co.th
ISINTH0530010Z06
Last UpdateApr 2, 2026
Indices
SET (Thailand)
Themes
Environmental EngineeringUtility Scale SolarCivil EngineeringConstructionInfrastructure

Description

CH. Karnchang Public Company Limited is primarily engages in construction and provision of related services, alongside investments in infrastructure. Its extensive portfolio in the construction sector demonstrates a commitment to high-quality service…

Analysis

Middle-of-the-road

CH. Karnchang Public Company Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 7.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -7% a year, against analyst forecasts of 8%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is fragile. The company scores 12/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
68
2023202420252026

All-time high

68

Jun 2026

All-time low

6

Jan 2025

Average rank

32

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
87
71
64
41
Price/Earnings
54
41
49
32
Price/Book
77
62
54
59
Dividend Yield
79
57
69
67
Value (overall)
98
51
51
47

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →