MCS Steel

SET:MCS · TH0851010007

Metals & MiningSmall

360

Medium confidence — indicative

Value67

Profit price65

EV / EBIT83

Price / Owner Earnings46

Cash yield46

Owner Earnings Yield91

Dividend Yield1

Sales & asset price65

Price/Sales54

EV / Gross Profit79

Price/Book61

Quality76

Returns on capital99

Return on Capital100

Cash Return on Capital99

Return on Equity98

Profit margins96

EBIT Margin99

Gross Profitability93

Cash backing54

Cash Conversion29

Accruals37

Owner Earnings Margin97

Growth45

Sales growth4

Profit growth45

Profit Growth16

Long-Term EPS Growth45

Owner Earnings Growth75

Reinvestment63

Price momentum38

Safety66

Debt load91

Debt serviceability91

Refinancing82

Debt Payback100

Liquidity86

Sentiment51

Analyst ratings—

Expectations trend—

Market mood7

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

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

Profile

CountryThailand

IndustryMetals & Mining

SizeSmall

TypePublic Company

ExchangeSET

Founded1992

Employees1

Websitemcssteel.com

ISINTH0851010007

Last UpdateApr 2, 2026

Indices

SET (Thailand)

Themes

Industrial AutomationGreen SteelManufacturingPrecious Metals

Description

M.C.S. Steel Public Company Limited engages in the production and distribution of structural steel products for building construction in Thailand, China, and Japan. The company fabricates steel structure buildings, power plants, bridges, and general…

Analysis

Hidden champion

M.C.S. Steel Public Company Limited fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 5.0×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.

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

360° rank · history

1007550250

2026

All-time high

Jun 2026

All-time low

Jun 2026

Average rank

across all years

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.

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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 →