Demco

SET:DEMCO · TH0930010002

Construction & EngineeringSmall

360

Medium confidence — indicative

Value34

Profit price3

Cash yield20

Owner Earnings Yield39

Dividend Yield1

Sales & asset price52

Price/Sales56

EV / Gross Profit16

Price/Book83

Quality36

Returns on capital30

Return on Capital25

Cash Return on Capital36

Return on Equity28

Profit margins17

EBIT Margin19

Gross Profitability15

Cash backing47

Cash Conversion36

Accruals59

Owner Earnings Margin47

Growth—

Sales growth9

Profit growth99

Reinvestment21

Price momentum85

Safety45

Debt load54

Debt serviceability34

Refinancing51

Debt Payback16

Liquidity16

Sentiment41

Analyst ratings—

Expectations trend—

Market mood3

Value Creation6/20not creating 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

Demco doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryThailand

IndustryConstruction & Engineering

SizeSmall

TypePublic Company

ExchangeSET

Founded1992

Employees11

Websitedemco.co.th/en/home

ISINTH0930010002

Last UpdateApr 2, 2026

Indices

SET (Thailand)

Themes

Clean EnergyUtility Scale SolarOnshore and Offshore WindEnergy ManagementCleanTechEnergy EfficiencyBiomass Energy

Description

Demco Public Company Limited primarily provides electric system construction, electric engineering and telecommunication engineering services, and sells electric systems equipment and construction materials. Furthermore, it engages in investments in…

Analysis

Middle-of-the-road

Demco 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 expensive. The owner-earnings multiple stands at 31.9×; owner earnings: the cash an owner could take out each year.

Growth is mixed; the safety picture is adequate. The company scores 6/20 on our value-creation score: not creating value. Analyst sentiment is cautious.

Flags to be aware of: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

Detailed & Historical Ranks

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

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

—

Value (overall)

—

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

Similar Stocks

The companies this stock is ranked against.

Compare Demco with its peers

Wijaya Karya

JKT:WIKA

CountryIndonesia

IndustryConstruction & Engineering

SizeMedium

Full Stock Analysis →

STP & I

SET:STPI

CountryThailand

IndustryMetals & Mining

SizeSmall

Full Stock Analysis →

Sriracha Construction

SET:SRICHA

CountryThailand

IndustryConstruction & Engineering

SizeSmall

Full Stock Analysis →

Weg

SAO:WEGE3

CountryBrazil

IndustryElectrical Equipment

SizeX-Large

Full Stock Analysis →

Seafco

SET:SEAFCO

CountryThailand

IndustryConstruction & Engineering

SizeSmall

Full Stock Analysis →

PP Presisi

JKT:PPRE

CountryIndonesia

IndustryConstruction & Engineering

SizeSmall

Full Stock Analysis →

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 →