Obermatt

CK Power

SET:CKP · TH4536010Z09
Independent Power and Renewable Electricity ProducersSmall

360

88
EV / EBIT30
Price / Owner Earnings49
Owner Earnings Yield96
Dividend Yield69
Price/Sales45
EV / Gross Profit66
Price/Book89
Return on Capital53
Cash Return on Capital98
Return on Equity87
EBIT Margin75
Gross Profitability35
Cash Conversion16
Accruals54
Owner Earnings Margin98
Sales growth24
Profit Growth22
Long-Term EPS Growth84
Owner Earnings Growth80
Reinvestment16
Price momentum15
Debt load59
Refinancing47
Debt Payback88
Liquidity44
Analyst ratings64
Opinion Changes65
Price Target Upside95
Market mood83
Value Creation8/20creating 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

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

Profile

CountryThailand
IndustryIndependent Power and Renewable Electricity Producers
SizeSmall
TypePublic Company
ExchangeSET
Founded2011
Employees79
ISINTH4536010Z09
Last UpdateApr 2, 2026
Themes
Utility Scale SolarElectrical DistributionEnergyService Industry

Description

CK Power Public Company Limited generates and sells electricity. Business Segments The company operates through Generation of Electricity from Hydroelectric Power, Generation of Electricity from Solar Power, and Generation of Electricity from Therm…

Analysis

Middle-of-the-road

CK Power Public Company Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 3.8× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -17% yearly growth; analysts expect 26%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 8/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
47
2023202420252026

All-time high

70

Mar 2026

All-time low

30

Jan 2024

Average rank

46

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
45
22
27
13
Price/Earnings
63
36
33
28
Price/Book
89
83
75
45
Dividend Yield
69
43
45
43
Value (overall)
81
40
45
28

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 →