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ACE.BK — SET (Bangkok) Independent Power and Renewable Electricity Producers

Ace.Bk

$1,33
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Mcap
13,0B THB
P/E
—
EV / Rev
—
Div yield
0,75 %
Op margin
19,1 %
ROE
4,9 %
Net margin
12,2 %
Debt / equity
0,50
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
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TR 1Y
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About

Absolute Clean Energy PCL operates in the independent power and renewable electricity producers sector, generating revenue through energy production activities.

Business. Absolute Clean Energy PCL operates in the independent power and renewable electricity producers sector, generating revenue through energy production activities.

Classification85 %
SectorUtilities
Industry groupIndependent Power and Renewable Electricity Producers
Generated · model-assisted
Sell-side consensus
HOLD1 analysts
0 buy1 hold0 sell
Avg 12m price target1,50

Analyst recommendations

1 analysts · consensus Hold
Buy0
Hold1
Sell0
12-month price target
1,50
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
1 analysts · indicative
Ownership
—
not yet wired
Profitability→
4,9 %
return on equity
Quality
—
not yet scored

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.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning ACE.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities · THIS SECTOR−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to ACE.BK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    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

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Absolute Clean Energy PCL operates in the independent power and renewable electricity producers sector, generating revenue through energy production activities.

    Classification85 %
    SectorUtilities
    Industry groupIndependent Power and Renewable Electricity Producers
    AI synthesis
    GENERATED

    (a) Capital structure and liquidity: The company maintains a debt-to-equity ratio of 0.5, indicating moderate leverage relative to its equity base of 16.4 billion THB. Total liabilities stand at 9.2 billion THB against total assets of 25.7 billion THB. Liquidity is assessed as medium, supported by a current ratio of 1.84, which suggests adequate short-term asset coverage for current liabilities. However, the company holds negligible cash and equivalents of 32,930 THB, resulting in a negative net cash position after accounting for long-term debt of 8.3 billion THB. This lack of liquid reserves constrains immediate financial flexibility despite the healthy current ratio.

    (b) Profitability and returns: The firm reports a net income of 798.6 million THB on revenue of 6.55 billion THB, yielding a net margin of approximately 12.2%. Return on equity (ROE) is 4.87%, and return on assets (ROA) is 3.11%, reflecting modest capital efficiency. The price-to-earnings ratio of 16.24 and EV/EBITDA of 16.98 suggest the market values the company at a moderate premium relative to its earnings power. The price-to-book ratio of 0.79 indicates the stock trades at a discount to its tangible book value, potentially signaling undervaluation or market skepticism regarding asset quality or future returns.

    Key takeaways
    • The company trades at a discount to book value (P/B 0.79) with a moderate P/E of 16.24, suggesting potential undervaluation relative to asset base.
    • Liquidity is constrained by negligible cash reserves (32,930 THB) despite a healthy current ratio of 1.84, creating a negative net cash position.
    • Profitability metrics show an ROE of 4.87% and ROA of 3.11%, indicating modest returns on capital employed.
    • Analyst consensus is neutral (Hold) with a uniform price target of 1.50 THB, implying limited near-term upside expectations.
    • Dilution risk is low, as basic and diluted share counts are identical, preserving existing shareholder equity.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $1,33
    Market cap
    $12.97B
    Enterprise valueⓘ
    $21.23B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    8.8x
    P / Bⓘ
    0.8x
    P / Tangible bookⓘ
    0.8x
    Tangible book
    $16.41B
    Net cashⓘ
    -$8.26B
    Current ratioⓘ
    1.8
    Debt / equityⓘ
    0.5
    ROAⓘ
    3.1%
    ROEⓘ
    4.9%
    Cash conversionⓘ
    301.0%
    CapEx / revenueⓘ
    -15.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,18
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-08-02 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate0,10
    Revenue—no estimate—no estimate—no estimate
    Operating income—no estimate—no estimate—no estimate
    Full-year consensus mean (period as reported by source) · consensus in THB. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy0
    Hold1
    Sell0
    Strong sell0
    12-month price target$1,50 · Median $1,50
    Low $1,50High $1,50
    EPS surprise
    −18,4 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$1,50
    Mean$1,50
    Median$1,50
    High$1,50
    Spot$1,33
    +12.8 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin19,1 %Above median
    Net Margin12,2 %Above median
    ROE4,9 %Above median
    Capex / Rev-15,1 %Above median
    D/E0,50Above median
    Cash Conv3,01Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Physical assets

    32 tracked
    AssetTypeCommodityCountryRole
    Amphan power stationPowerPowerThailandParent
    Amphan power stationPowerPowerThailandRegistered owner
    Ban Bueng power stationPowerPowerThailandRegistered owner
    Ban Bueng power stationPowerPowerThailandParent
    Bo Ploy power stationPowerPowerThailandParent
    Bo Ploy power stationPowerPowerThailandRegistered owner
    Chok Chai power stationPowerPowerThailandRegistered owner
    Chok Chai power stationPowerPowerThailandParent
    Chonburi power stationPowerPowerThailandParent
    Chonburi power stationPowerPowerThailandRegistered owner
    Khonkaen power stationPowerPowerThailandRegistered owner
    Khonkaen power stationPowerPowerThailandParent
    Koh Khanun power stationPowerOil & GasThailandParent
    Koh Khanun power stationPowerPowerThailandParent
    Komen power stationPowerPowerThailandRegistered owner
    Komen power stationPowerPowerThailandParent
    Nakhon Ratchasima power stationPowerPowerThailandParent
    Nakhon Ratchasima power stationPowerPowerThailandRegistered owner
    Nam Phong (ACE) power stationPowerPowerThailandParent
    Nam Phong (ACE) power stationPowerPowerThailandRegistered owner
    Phon Thong power stationPowerPowerThailandParent
    Phon Thong power stationPowerPowerThailandRegistered owner
    Si Chiang Mai power plantPowerPowerThailandParent
    Si Chiang Mai power plantPowerPowerThailandRegistered owner
    Sirindhorn power stationPowerPowerThailandParent
    Sirindhorn power stationPowerPowerThailandRegistered owner
    Surin power stationPowerPowerThailandParent
    Surin power stationPowerPowerThailandRegistered owner
    Ta Nee power stationPowerPowerThailandParent
    Ta Nee power stationPowerPowerThailandRegistered owner
    Thoen power stationPowerPowerThailandParent
    Thoen power stationPowerPowerThailandRegistered owner
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Ev To Revenue
      enterprise_value / revenue
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Absolute Clean Energy PCL Market data — financials · 2026-08-02
    • reconciler_enqueue (reconciler) on ACE.BK · 2026-08-02
    • Absolute Clean Energy PCL Market data — analyst estimates · 2026-08-02

    Ownership & reference

    Leadership

    • Tanachai BunditvorapoomChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    ACE.BKCanonical
    SET (Bangkok) · THB

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage