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Permsin Steel Works Public Company Limited

PERM.BK
31
Steel · Basic Materials
Price
0.26 THB
+0.00 (+0.00%)
Market Cap
199.3M THB
Exchange
Stock Exchange of Thailand
Winston Score
31
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 30, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Good
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Exceptional

Share count falling — buybacks

5.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 814.0M (2021) → 767.0M (2025)

Winston Score History

The full picture

Permsin Steel Works Public Company Limited, along with its subsidiaries, is a Thai company specializing in the manufacturing and distribution of steel products. Its business activities are categorized into three main divisions: the supply of rolled steel, the production and sale of metal sheets, and the fabrication and delivery of steel pipes. The company offers a wide range of products, including hot and cold rolled steel, electro-galvanized steel, structural shapes like c-line, c-u, and t-bar, roll-formed metal sheets, and high-tensile galvanized c-channels. Additionally, they provide steel purlins, galvanized iron, and various steel coating solutions. Beyond its product offerings, Permsin Steel Works delivers specialized services such as steel cutting, slitting, packaging, and logistical support. Founded in 1989, the company's corporate headquarters are situated in Mueang Samut Sakhon, Thailand.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-2.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+20.0% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

0 THB/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Cash Runway

~1 months

76M THB cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Permsin Steel Works Public Company Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
8.3%
Thin — 8.3% gross margin
Profit after running costs
Operating Margin
1.2%
Thin — 1.2% operating margin
Return on the money invested
ROCE
-0.4%
Weak — -0.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+9.6%
Steady sales growth (+9.6% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
0.6%
Thin free cash flow (0.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
12.73
Heavy debt load (12.73)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
46.15%
Healthy income — 46.15% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+180.9%
Dividend growing fast (180.9% YoY)

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