Obermatt

TMB Bank

SET:TTB · TH0068010Z07
BanksSmall

360

9
Profit price47
Cash yield73
Price/Sales39
EV / Gross Profit97
Price/Book65
Returns on capital62
Profit margins
Cash Conversion98
Accruals100
Owner Earnings Margin93
Sales growth21
Profit Growth45
Long-Term EPS Growth12
Owner Earnings Growth86
Reinvestment23
Price momentum71
Debt load90
Debt serviceability62
Liquidity60
Analyst ratings10
Opinion Changes50
Price Target Upside18
Market mood17
Value Creation10/20creating 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

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

Based on 3/5 components.

Profile

CountryThailand
IndustryBanks
SizeSmall
TypePublic Company
ExchangeSET
Founded1994
Employees2,093
ISINTH0068010Z07
Last UpdateApr 2, 2026
Themes
Online PaymentsBankingFinanceFinancial Services

Description

TMBThanachart Bank Public Company Limited provides various commercial banking products and services to individuals, large-sized and medium-sized business, small-size business, and corporate customers. Business Segments The primary segments include…

Analysis

Middle-of-the-road

TMBThanachart Bank 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 9.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -4% a year, against analyst forecasts of 53%. The price, in other words, assumes less than the experts do.

Growth is weak; the safety picture is stretched. The company scores 10/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

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
33
2023202420252026

All-time high

87

Oct 2023

All-time low

9

Jan 2023

Average rank

56

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
39
39
54
54
Price/Earnings
41
36
47
29
Price/Book
65
63
91
78
Dividend Yield
73
80
84
60
Value (overall)
60
63
59
53

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 →