Muangthai Capital is considered a non-bank financial institution providing vehicle title loan services under the license granted for Personal Loan under Supervision for Non-Bank Operator, regulated by the Bank of Thailand, primarily to retail customers. The eligible collateral vehicles encompass motorcycles, cars and agricultural vehicles registered with the Department of Land Transport. Additionally, the company has expanded its lending services to cover loans secured by land title deeds, personal loans, nano finance, motorcycle hire purchase and buy now, pay later for catering extensively to customer needs. Moreover, the company acts as an intermediary for selling compulsory insurance and personal accident insurance to both our clientele and the public at large.
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 27,902.28 | 24,526.18 | 20,068.49 | 16,018.74 |
| Expenses | 15,432.23 | 14,543.13 | 10,502.02 | 7,709.40 |
| Net Profit (Loss) | 5,867.31 | 4,906.47 | 5,093.09 | 4,944.55 |
| Assets | 170,846.05 | 150,155.95 | 128,066.20 | 98,389.84 |
| Liabilities | 133,892.88 | 118,239.15 | 98,975.60 | 73,521.34 |
| Shareholders' Equity | 36,953.17 | 31,916.80 | 29,090.60 | 24,868.50 |
| Operating | -7,250.27 | -11,492.06 | -17,895.46 | -12,118.06 |
| Investing | -432.03 | -521.25 | -417.70 | -562.10 |
| Financing | 7,987.12 | 11,621.96 | 20,219.72 | 12,608.36 |
| EPS (Baht) | 2.77 | 2.31 | 2.40 | 2.33 |
| GP Margin (%) | ||||
| NP Margin (%) | 21.03 | 20.01 | 25.38 | 30.87 |
| D/E Ratio (x) | 3.62 | 3.70 | 3.40 | 2.96 |
| ROE (%) | 17.04 | 16.08 | 18.88 | 21.71 |
| ROA (%) | 7.77 | 7.18 | 8.10 | 9.49 |
- The company aims to maintain a growth rate of 20% annually from 2024 to 2026.
- The company has a goal to expand its branches by an average of 600 branches per year until reaching a total of 9,000 branches by the year 2026.
- The company will maintain business standards by tightening credit policies and efficiently managing debt collection to minimize losses from sales.
- The company aims to create systems and mechanisms that empower employees to fully utilize their potential.
- The company emphasizes the integration of both offline and online channels to serve customers, supporting the use of digital tools and data for analysis benefits and advancing the development of future company products.
- The company prioritizes customer acquisition.
- The company is committed to conducting business based on good governance principles, focusing on creating value and sustainability in economic, social and environmental aspects while operating under international standards.
The company is committed to sustainable development, starting within the organization and extending nationwide. It promotes societal equality by ensuring fair, transparent financial services and enhancing financial literacy. Additionally, the company focuses on environmental development, maintaining its dedication to sustainability and support for Thai society.
"TO BE A WORLD CLASS THAI MICROFINANCE"
Loan receivables: 164,242 million baht
Total revenue: 27,902 million baht
Net profit: 5,867 million baht
NPL ratio: 2.75%
Coverage ratio: 135%
Credit cost: 3.02%
The company has 8,172 branches and 8 auction centers that cover the entire country.
The company has an internationally accepted risk management structure defining the roles of the Risk Management Committee and related committees. Reports are submitted to the Risk Management Committee at least twice a year. An independent internal audit department and a regulatory compliance department enhance risk management and ensure alignment with the strategic plan. The Board of Directors oversees corporate governance, risk management, and compliance (GRC) to drive sustainable, efficient operations.
2024
- First in the industry that IFC invests USD50M in a gender-inclusive social bond issued by Muangthai Capital Public Company Limited.
- First in the industry that Issued the first offshore social bond, totaling USD335M.
- Fitch Ratings has assigned a long-term issuer default rating of "BB" and a national long-term rating of "A-(tha)", outlook stable.
- S&P Global Ratings has assigned a long-term issuer credit rating of "BB-", outlook stable.
For more details: https://investor.muangthaicap.com
| as of 30/12/24 | MTC | FIN | SET |
|---|---|---|---|
| P/E (X) | 17.93 | 16.12 | 19.33 |
| P/BV (X) | 2.85 | 1.38 | 1.40 |
| Dividend yield (%) | 0.44 | 2.14 | 3.23 |
| 30/12/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 101,760.00 | 95,400.00 | 80,560.00 |
| Price (B/Share) | 48.00 | 45.00 | 38.00 |
| P/E (X) | 17.93 | 20.35 | 15.92 |
| P/BV (X) | 2.85 | 3.11 | 2.88 |
