Kasikornbank PCL
Kasikornbank PCL is a financial institution operating in the Banks industry within the Financials sector, generating revenue through banking activities.
Business. Kasikornbank PCL is a financial institution operating in the Banks industry within the Financials sector, generating revenue through banking activities.
Analyst recommendations
19 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Kasikornbank PCL is a financial institution operating in the Banks industry within the Financials sector, generating revenue through banking activities.
Kasikornbank PCL maintains a capital structure characterized by total assets of 4,558,618,074,000 THB and total equity of 581,146,308,000 THB. The company reports long-term debt of 64,477,787,000 THB, resulting in a debt-to-equity ratio of 0.11. Liquidity is assessed as medium, with a key flag noting that net cash is negative after subtracting total debt. The company generates operating cash flow of 217,661,152,000 THB and free cash flow of 29,261,562,000 THB.
Profitability metrics show a return on equity of 0.0868 and a return on assets of 0.0111. The company reports net income of 49,564,772,000 THB against revenue of 137,151,628,000 THB. Valuation multiples include a price-to-earnings ratio of 10.67 and a price-to-book ratio of 0.93.
Segment and geographic revenue concentration data is not available in the provided input. The analysis relies on aggregate financial figures for the entire entity.
Historical growth trajectory data, including five-year annual and eight-quarter quarterly trends, is not available in the provided input. The analysis is based on the latest normalized period financial snapshot.
Risk assessment indicates medium liquidity risk and low dilution risk. A key flag highlights that net cash is negative after subtracting total debt. The shares outstanding basic and diluted are identical at 2,351,026,493, suggesting no immediate dilutive securities in the current snapshot.
Recent IR observations show a mean analyst price target of 220.12 THB and a median target of 217.00 THB. The mean recommendation is 2.00, with 5 strong buys, 10 buys, and 3 holds. The current market price is 229.0 THB.
- The company trades at a price-to-book ratio of 0.93, indicating a valuation below book value.
- Return on equity stands at 0.0868, reflecting the profitability of the equity base.
- Liquidity risk is rated as medium, with a specific flag for negative net cash after debt subtraction.
- Analyst sentiment is positive, with a mean recommendation of 2.00 and a majority of buy/strong-buy ratings.
- Dilution risk is assessed as low, supported by identical basic and diluted share counts.
Bull / Bear case
Generated · model-assistedNet income CAGR of 6.8% from 2022 to 2026 demonstrates consistent long-term profitability growth for the bank.
Cash conversion ratio of 4.32 is best-in-class, showing exceptional ability to turn net income into free cash flow.
Debt-to-equity ratio of 0.11 is well below the cohort median of 0.4, reflecting a conservative and stable capital structure.
Analysts assign a mean price target of 220.12, implying 11.7% upside from the current market price of 197.0.
Revenue declined 7.3% year-over-year in 2026, signaling a contraction in top-line growth momentum for the period.
The company faces a medium level of liquidity risk, which could constrain operational flexibility during market stress.
Return on assets of 1.11% indicates modest efficiency in utilizing the bank's asset base to generate profits.
In focus — financials by report
Revenue THB 31.96B, −9,8% YoY; Net income +6,3% YoY.
- ▍Revenue THB 31.96B, −9,8% YoY
- ▍Net income +6,3% YoY
- ▍Free cash flow +16,8% YoY
- ▍Net margin 45.9%
Revenue THB 32.91B, −8,6% YoY; Net income −4,5% YoY.
- ▍Revenue THB 32.91B, −8,6% YoY
- ▍Net income −4,5% YoY
- ▍Free cash flow +20,1% YoY
- ▍Net margin 31.2%
Revenue THB 34.16B, −6,9% YoY; Net income +5,8% YoY.
- ▍Revenue THB 34.16B, −6,9% YoY
- ▍Net income +5,8% YoY
- ▍Free cash flow +8,5% YoY
- ▍Net margin 38.1%
Revenue THB 34.66B, −6,7% YoY; Net income −3,2% YoY.
- ▍Revenue THB 34.66B, −6,7% YoY
- ▍Net income −3,2% YoY
- ▍Free cash flow +19,5% YoY
- ▍Net margin 36.0%
Revenue THB 35.43B; Net margin 38.9%.
- ▍Revenue THB 35.43B
- ▍Net margin 38.9%
Revenue THB 36.00B; Net margin 29.9%.
- ▍Revenue THB 36.00B
- ▍Net margin 29.9%
Revenue THB 36.69B; Net margin 33.5%.
- ▍Revenue THB 36.69B
- ▍Net margin 33.5%
Revenue THB 37.13B; Net margin 34.7%.
- ▍Revenue THB 37.13B
- ▍Net margin 34.7%
Revenue THB 137.15B, −7,3% YoY; Net income −0,1% YoY.
- ▍Revenue THB 137.15B, −7,3% YoY
- ▍Net income −0,1% YoY
- ▍Free cash flow −18,1% YoY
- ▍Net margin 36.1%
Revenue THB 148.00B, −0,3% YoY; Net income +17,0% YoY.
- ▍Revenue THB 148.00B, −0,3% YoY
- ▍Net income +17,0% YoY
- ▍Free cash flow +0,8% YoY
- ▍Net margin 33.5%
Revenue THB 148.44B, +11,6% YoY; Net income +18,6% YoY.
- ▍Revenue THB 148.44B, +11,6% YoY
- ▍Net income +18,6% YoY
- ▍Free cash flow +23,0% YoY
- ▍Net margin 28.6%
Revenue THB 133.00B, +11,4% YoY; Net income −6,0% YoY.
- ▍Revenue THB 133.00B, +11,4% YoY
- ▍Net income −6,0% YoY
- ▍Free cash flow −25,1% YoY
- ▍Net margin 26.9%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 20,21 |
| Revenue | —no estimate | —no estimate | 188,4B THB |
| Operating income | —no estimate | —no estimate | 101,2B THB |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Enterprise Valuemarket_cap - net_cash
- Return On Assetsnet_income / total_assets
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Kasikornbank PCL Market data — financials · 2026-07-07
- Kasikornbank PCL Market data — analyst estimates · 2026-07-07
- Kasikornbank PCL Market data — ESG · 2026-07-07
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Kattiya IndaravijayaChief Executive Officer, Executive Director