Largest Utilities Public Companies in Thailand

Company	HQ	Description	Sectors	Stock Price	1Y Perf.	Market Cap	EV	EV/Revenue	EV/EBITDA
Global Power Synergy		Global Power Synergy PCL is a utility company with ownership stakes in…Global Power Synergy PCL is a utility company with ownership stakes in the Southeast Asian energy production industry. The company's principal businesses are the production and distribution of electricity, steam, and water for industrial use to government and industrial customers. It controls a portfolio of power plants, including solar and cogeneration facilities, through its subsidiary, associate, and joint venture companies. The company segments its operations into Independent Power Producer (IPP), Small Power Producer (SPP), and Others, and it earns maximum revenue from the Small Power Producer (SPP) segment.	Utilities	$1	+37%	$4B	$6B	2.4x	9.8x
Ratch Group		Ratch Group PCL is a Thailand-based holding company. The Company's pri…Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments Domestic Electricity Generating, Renewable Energy, International Power Projects, and Related Business & Infrastructure. The majority of revenue is from the domestic Electricity Generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.	Utilities	$1	+26%	$2B	$5B	5.5x	10.2x
Electricity Generating		Electricity Generating PCL is engaged in the generation of electricity…Electricity Generating PCL is engaged in the generation of electricity for sales to the government sector and industrial users. As a holding company, the majority of the company's revenue comes from its numerous subsidiaries and joint ventures located throughout Thailand and other regions. The company has two segments report which are comprised of electricity generation and other businesses. The majority of revenue is derived from the electricity generation segment. Geographically, key revenue for the company is derived from Thailand and the rest from the Philippines and Australia.	Energy Production+1	$4	+14%	$2B	$4B	3.8x	9.3x
Thai Tap Water		TTW PCL is a Thailand-based company chiefly engaged in the production…TTW PCL is a Thailand-based company chiefly engaged in the production and sale of treated water to its customers, the Provincial Waterworks Authority (PWA). The company supplies water to certain southern regions of Thailand that include Nakhon Pathom and Samut Sakhon. The subsidiaries of TTW PLC provide production, sale, operation, and maintenance services. The majority of the group's revenue is derived from sales of treated water to public sector agencies, while the rest is derived from private sector agencies and other sources. Geographically, the group operates only in Thailand.	Utilities	$0	+7%	$1B	$1B	7.2x	8.4x
Banpu Power		Banpu Power PCL is engaged in investments in power businesses in Thail…Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Energy Generation and Energy Technology. The Energy Generation segment operates in electricity generation which consists of thermal and renewable energy both domestic and overseas. The Energy Technology segment operations comprise solar rooftops, electric vehicles, energy storage, and energy management systems. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.	Energy Production+2	$0	+76%	$1B	$1B	1.7x	5.9x
B.Grimm Power		B.Grimm Power PCL along with its subsidiary engaged in the generating…B.Grimm Power PCL along with its subsidiary engaged in the generating and distribution of electricity for the government sectors and Industrial Users, both in Thailand and overseas. The group operates through two reportable segments report which comprise electricity generation and other businesses. The electricity generation segment, which accounts for the majority of the revenue, generates and distributes electricity to the government sectors and industrial users both in Thailand and overseas. The other segment is engaged in holding companies, maintenance, and operating services for power plants. The majority of the company's revenue comes from Thailand, followed by Vietnam.	Energy Production+1	$0	+33%	$1B	$4B	2.4x	9.7x
Median				$1	+29%	$2B	$4B	3.1x	9.5x

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