SS
SSP.BK
—
SET (Bangkok)
Independent Power Producers
Sermsang Power Corporation PCL
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
6,78 %
Op margin
41,1 %
ROE
7,4 %
Net margin
17,9 %
Debt / equity
2,31
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
$2,96
Open
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Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About
Sermsang Power Corporation PCL generates and distributes electricity, primarily through independent power production, and earns revenue from power sales and service fees.
Business. Sermsang Power Corporation PCL (SSP.BK) is an independent power producer operating within the utilities sector. The company is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding its operating segments and geographic revenue mix are not available.
Classification92 %
SectorUtilities
IndustryIndependent Power Producers
ActivityUtilities
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership→
Dimensional Fund Advisors, L.P.
largest disclosed fund holder
Profitability→
7,4 %
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
0Sector 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 SSP.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.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- 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
Sermsang Power Corporation PCL (SSP.BK) is an independent power producer operating within the utilities sector. The company is headquartered in Thailand and is primarily listed on the Stock Exchange of Thailand (SET). Specific details regarding its operating segments and geographic revenue mix are not available.
Classification92 %
SectorUtilities
IndustryIndependent Power Producers
ActivityUtilities
AI synthesis
GENERATEDSermsang Power Corporation PCL has a liquidity position that is marginally stable, with a current ratio of 1.03, indicating that its current assets slightly exceed its current liabilities. However, the company's free cash flow is negative at -1799761040.0 THB, and capital expenditures are substantial at -3154401630.0 THB, suggesting ongoing investment in infrastructure or maintenance. The liquidity risk is rated as medium, reflecting the company's reliance on long-term debt and the negative free cash flow.
In terms of profitability, the company's return on equity (ROE) is 7.43%, which is relatively strong, but its return on assets (ROA) is only 2.08%, indicating that the company is not efficiently utilizing its assets to generate returns. The debt-to-equity ratio of 2.31 suggests a high level of leverage, which could amplify both gains and losses depending on the company's performance.
Sermsang Power Corporation PCL operates in a single business segment, with all revenue derived from electricity generation and distribution. The company's geographic exposure is concentrated in Thailand, and there is no indication of international operations or diversification in the provided data.
The company's growth trajectory is mixed. While the current fiscal year shows a revenue of 3146427720.0 THB, the outlook for the next fiscal year is not provided. The capital expenditures suggest a commitment to maintaining or expanding operations, but the negative free cash flow indicates that the company is not generating sufficient cash to fund these investments internally.
The risk assessment highlights a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could pose challenges in meeting short-term obligations. However, the dilution risk is low, indicating that the company is not expected to issue additional shares in the near term.
There are no recent events or filings mentioned in the provided data that would significantly impact the company's operations or financial position. The company's financial statements and risk assessment are based on the latest available data, but there is no indication of any recent material changes or developments.
Key takeaways
- Sermsang Power Corporation PCL has a strong return on equity but a weak return on assets, indicating inefficiencies in asset utilization.
- The company's liquidity position is marginally stable, with a current ratio of 1.03 and a negative free cash flow.
- The company is highly leveraged, with a debt-to-equity ratio of 2.31, which could increase financial risk.
- The company's operations are concentrated in a single segment and geographic region, with no international diversification.
- The company's growth is supported by significant capital expenditures, but these are not being funded by positive free cash flow.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Valuation
Market price
$3,66
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
$7.57B
Net cashⓘ
-$15.14B
Current ratioⓘ
1.0
Debt / equityⓘ
2.3
ROAⓘ
2.1%
ROEⓘ
7.4%
Cash conversionⓘ
378.0%
CapEx / revenueⓘ
-1.0%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
Business relationships4 disclosed relationships · 2 types · extracted from filings & disclosures
Partners2
Nexstar Media Group IncNXST.OPartner95%Source ↗
Sinclair IncSBGI.OPartner95%Source ↗
Subsidiaries2
EX21:2efa52492d2dEX21:2efa52492d2dSubsidiarie97%
EX21:652a07d198d7EX21:652a07d198d7Subsidiarie97%
Supply chain
Vendors → SSP ↔ Partners → Customers · click any node to drill
2 mentions in 10-K0 from corporate websites0 from news dispatches
Updated 2026-06-24Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
— missing data
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 Margin41,1 %Above P75
Net Margin17,9 %Above median
ROE7,4 %Above median
Capex / Rev-100,2 %Bottom quartile
D/E2,31Bottom quartile
Cash Conv3,78Above median
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net flat10 exercises · 11 grants11 insiders
- Director · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director, 10% owner · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director, 10% owner · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director, 10% owner · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director · Restricted Stock Units → Class A Common SharesDisposed 0exercise · 2026-05-05
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director, 10% owner · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director, 10% owner · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director, 10% owner · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
- Director · Restricted Stock Units → Class A Common SharesAcquired 0grant · 2026-05-04
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
How metrics are computed
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
Source documents
- Sermsang Power Corporation PCL Market data — financials · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$14M
- Investment Managers · as of 2026-03-310,00 %$14M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2024-06-300,00 %$15M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2025-12-310,00 %$19M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Funds · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Adam P. SymsonPresident, Chief Executive Officer, Director
Insider activity
Net buying18 buys · 4 sellsnet $1,3M21 insiders · last 365d
- 10% owner · Class A Common Shares, $.01 par value per shareSold 11 239 @ $3,29$37K · 2026-05-20
- 10% owner · Class A Common Shares, $.01 par value per shareSold 112 284 @ $3,40$382K · 2026-05-19
- 10% owner · Class A Common Shares, $.01 par value per shareSold 142 970 @ $3,48$497K · 2026-05-18
- 10% owner · Class A Common Shares, $.01 par value per shareSold 60 182 @ $3,35$202K · 2026-05-15
- 10% owner · Class A Common Shares, $.01 par value per shareBought 72 798 @ $3,54$258K · 2026-05-14
- 10% owner · Class A Common Shares, $.01 par value per share HoldingBought 1 262 @ $3,53$4K · 2026-05-13
- Director · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director, 10% owner · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director, 10% owner · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director, 10% owner · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director · Class A Common SharesOther 90 673 · 2026-05-05
- Director · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- Director · Class A Common Shares, $.01 par value per shareOther 90 673 · 2026-05-05
- 10% owner · Class A Common Shares, $.01 par value per shareBought 27 682 @ $4,59$127K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per shareBought 93 377 @ $4,59$429K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per share HoldingBought 46 412 @ $4,59$213K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per shareBought 10 000 @ $4,46$45K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per shareBought 8 399 @ $4,59$39K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per shareBought 4 200 @ $4,59$19K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per shareBought 18 000 @ $4,46$80K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per shareBought 4 200 @ $4,59$19K · 2026-03-10
- 10% owner · Class A Common Shares, $.01 par value per shareBought 729 @ $4,59$3K · 2026-03-10
Short positioning
4.0Mshares short-5.7% vs prior
5.75days to cover
61.6%short of daily vol
325fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
SSP.BKCanonical
SET (Bangkok) · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Relationship graph
This companySectorPartnersSubsidiaries
Evidence & claims
From filings & derived data- Revenue (YoY) (2025-12-31 vs 2024-12-31): -14.3%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -3.7%Derived (calculated)
- Net margin (FY 2025-12-31): -4.7%Derived (calculated)
- Return on equity (FY 2025-12-31): -8.1%Derived (calculated)
- Return on assets (FY 2025-12-31): -2.0%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.65xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -28.6%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 17.1%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -285.1%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -5.5%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -285.1%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -0.8%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -169.0%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -85.5%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -55.4%Derived (calculated)
- Current assets (annual): USD 747.42MSEC XBRL filing
- Long-term debt (annual): USD 2.59BSEC XBRL filing
- Current liabilities (annual): USD 453.6MSEC XBRL filing
- Total assets (annual): USD 5.01BSEC XBRL filing
- Operating income (annual): USD 183.99MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -2SEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -2SEC XBRL filing
- Cash & equivalents (annual): USD 27.92MSEC XBRL filing
- Net income (annual): USD -100.88MSEC XBRL filing
Showing 24 of 60 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-05-20 00:00 UTCINSIDER37 insider transactions — 2026-05 · net sell $855k 21 derivative
2026-05-20 00:00 UTCINSIDER37 insider transactions — 2026-05 · net sell $855k 21 derivative
2026-05-20INSIDERMcCabe Molly E sold 11.2k sh Class A Common Shares, $.01 par value per share — 10% owner ~$37k
2026-05-19INSIDERMcCabe Molly E sold 112.3k sh Class A Common Shares, $.01 par value per share — 10% owner ~$382k
2026-05-18INSIDERMcCabe Molly E sold 143.0k sh Class A Common Shares, $.01 par value per share — 10% owner ~$497k
2026-05-15INSIDERMcCabe Molly E sold 60.2k sh Class A Common Shares, $.01 par value per share — 10% owner ~$202k
2026-05-14INSIDERGranado Geraldine Scripps bought 72.8k sh Class A Common Shares, $.01 par value per share — 10% owner ~$258k
2026-05-13INSIDERBrickner Samantha J. bought 1.3k sh Class A Common Shares, $.01 par value per share Holding — 10% owner ~$4k
2026-05-05INSIDERAlexander Marcellus Winston Jr transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director
2026-05-05INSIDERBarmonde Charles L. transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director, 10% owner
2026-05-05INSIDERCONLIN KELLY P transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director
2026-05-05INSIDERGranado Raymundo H. Jr. transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director, 10% owner
2026-05-05INSIDERHAYDEN JOHN W transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director
2026-05-05INSIDERHolcomb Monica transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director, 10% owner
2026-05-05INSIDERJablin Burton F transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director
2026-05-05INSIDERMehta Nishat transacted 90.7k sh Class A Common Shares — Director
2026-05-05INSIDERRadford Leigh transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director
2026-05-05INSIDERWilliams Kim transacted 90.7k sh Class A Common Shares, $.01 par value per share — Director
2026-05-05INSIDERCONLIN KELLY P disposed of 90.7k sh Restricted Stock Units — Director
2026-05-05INSIDERJablin Burton F disposed of 90.7k sh Restricted Stock Units — Director
2026-05-05INSIDERMehta Nishat disposed of 90.7k sh Restricted Stock Units — Director
2026-05-05INSIDERRadford Leigh disposed of 90.7k sh Restricted Stock Units — Director
2026-05-05INSIDERWilliams Kim disposed of 90.7k sh Restricted Stock Units — Director
2026-05-05INSIDERHolcomb Monica disposed of 90.7k sh Restricted Stock Units — Director, 10% owner
2026-05-05INSIDERHAYDEN JOHN W disposed of 90.7k sh Restricted Stock Units — Director
2026-05-05INSIDERGranado Raymundo H. Jr. disposed of 90.7k sh Restricted Stock Units — Director, 10% owner
2026-05-05INSIDERBarmonde Charles L. disposed of 90.7k sh Restricted Stock Units — Director, 10% owner
2026-05-05INSIDERAlexander Marcellus Winston Jr disposed of 90.7k sh Restricted Stock Units — Director
2026-05-04INSIDERHAYDEN JOHN W acquired 49.6k sh Restricted Stock Units — Director
2026-05-04INSIDERMehta Nishat acquired 49.6k sh Restricted Stock Units — Director
2026-05-04INSIDERRadford Leigh acquired 49.6k sh Restricted Stock Units — Director
2026-05-04INSIDERHolcomb Monica acquired 49.6k sh Restricted Stock Units — Director, 10% owner
2026-05-04INSIDERWilliams Kim acquired 49.6k sh Restricted Stock Units — Director
2026-05-04INSIDERWard Tracy Tunney acquired 49.6k sh Restricted Stock Units — Director
2026-05-04INSIDERAlexander Marcellus Winston Jr acquired 49.6k sh Restricted Stock Units — Director
Showing the 40 most recent of 57 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
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
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