GS

GULF SPACE TECHNOLOGY NON-VOTING D

GST · BK · Communication Services / Telecom Services

8.70THB-0.20 (-2.25%)

Price History

Full chart

Market Stats

Previous Close8.90
Open8.95
Day Range8.70 – 9.05
52-Week Range7.60 – 14.20
Volume1.82M
Market Cap9.81B
P/E (TTM)15.43
Forward P/E0.00
EPS0.58
Dividend Yield0.00%
Beta0.21
50-Day Avg9.93
200-Day Avg11.00

About

Gulf Space Technology Public Company Limited, together with its subsidiaries, provides transponder services for domestic and international communications in Thailand, Australia, India, Myanmar, and internationally. Its services include sale of user terminals of iPSTAR, broadband content services, sale of direct television equipment, internet services, satellite uplink-downlink services, providing technical support in relation to its satellite business, broadcasting television service, telecommunication, telephone network services, mobile content, satellite consulting, and engineering and development services for communication technology and electronics. It serves government agencies, private enterprises, and telecommunications operators. The company was formerly known as Thaicom Public Company Limited and changed its name to Gulf Space Technology Public Company Limited in September 2026. Gulf Space Technology Public Company Limited was founded in 1991 and is based in Bangkok, Thailand.

Company Details

  • SectorCommunication Services
  • IndustryTelecom Services
  • CEODr. Piyawat Jriyasetapong
  • Headquarters87/1 Capital Tower, Bangkok, Thailand, 10330, Thailand
  • Websitehttps://www.thaicom.net

Leadership

  • Dr. Piyawat JriyasetapongChief Executive Officer · b. 1971
  • Ms. Bussarin HomvichianChief Financial Officer
  • Ms. Chalalai LeebhumivanichAssistant Vice President of Accounting · b. 1979
  • Mr. Park BoonyubolSenior Vice President of Technology & Satellite Operations · b. 1971
  • Ms. Naliwan ChinnaphaHead of Investor Relations Department
  • Dr. Sakon KittivatcharapongHead of Marketing & Business Development Department · b. 1961
  • Mr. Ekachai PhakdurongChief Strategy Officer · b. 1971
  • Ms. Pannee NivasnandaHead of Finance Department · b. 1963
  • Ms. Nonglak AkkarakahasinHead of Internal Audit Unit
  • Mr. Shannon FisherSenior Vice President of International Markets & Broadband Business

Financials

Income Statement

Currency: THB2022-12-312023-12-312024-12-312025-12-31
Total Revenue2.94B2.63B2.41B2.47B
Growth (%)--10.65%-8.14%+2.56%
Cost of Revenue1.50B1.52B1.54B1.60B
Gross Profit1.44B---
Gross Margin48.96%---
Operating Expense940.45M---
Operating Income498.86M249.00M-21.09M130.12M
Operating Margin16.97%9.48%-0.87%5.26%
EBITDA940.87M1.27B806.95M890.16M
EBITDA Margin32.01%48.32%33.45%35.97%
Net Income42.21M353.65M-22.84M40.09M
Net Income Margin1.44%13.46%-0.95%1.62%
Interest Expense121.65M127.41M90.78M71.45M
Interest Expense % of Total Revenue4.14%4.85%3.76%2.89%

Balance Sheet

Currency: THB2022-12-312023-12-312024-12-312025-12-31
Total Assets14.85B14.16B15.17B17.33B
Total Liabilities4.30B3.93B5.15B7.25B
Total Equity10.55B10.23B10.02B10.09B
Cash3.75B3.03B2.52B3.22B

Cash Flow

Currency: THB2022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.00B1.01B1.10B853.34M
Financing Cash Flow-1.13B-1.37B95.62M1.46B
Capital Expenditure61.29M1.47B2.32B2.29B
Free Cash Flow1.94B-464.62M-1.22B-1.44B
Dividends Paid328.82M548.04M142.49M0
FCF to OCF96.94%-46.14%-110.43%-168.88%
Dividend Paid to FCF16.94%-117.95%-11.71%0.00%

Earnings

Report DateAug 13, 2004Nov 8, 2004Feb 17, 2005Nov 11, 2005Feb 27, 2006Aug 10, 2006Nov 10, 2006May 13, 2007Aug 10, 2007Feb 21, 2008Aug 13, 2008Aug 11, 2009Feb 19, 2010May 11, 2010Aug 10, 2011Nov 10, 2011Feb 15, 2012May 10, 2012Aug 10, 2012Nov 13, 2012Feb 13, 2013May 13, 2013Aug 8, 2013Nov 12, 2013Feb 13, 2014May 9, 2014Aug 8, 2014Nov 10, 2014Feb 11, 2015May 7, 2015Aug 10, 2015Nov 10, 2015Feb 10, 2016May 10, 2016Aug 8, 2016Nov 9, 2016Feb 1, 2017May 11, 2017Nov 1, 2017Jan 31, 2018Oct 30, 2018Oct 29, 2019Nov 4, 2020Feb 5, 2021Aug 2, 2021Oct 29, 2021Feb 4, 2022May 6, 2022Aug 5, 2022Nov 8, 2022Feb 9, 2023May 9, 2023Aug 8, 2023Feb 8, 2024May 8, 2024Aug 7, 2024Nov 11, 2024Feb 7, 2025May 8, 2025Aug 5, 2025Nov 4, 2025Feb 12, 2026May 7, 2026Aug 6, 2026
EPS Estimate7.600.120.190.120.20-0.13-0.69-0.21-0.26-0.25-0.020.23-0.12-0.11-0.08-0.01-0.260.070.090.130.110.230.280.290.370.300.390.470.440.420.490.240.550.640.520.320.340.160.080.030.16-0.08-0.05-0.050.070.010.10-0.120.33-0.140.070.04-0.020.030.030.03-0.02-0.050.01-0.02-0.07-0.08
EPS Actual0.280.110.360.130.22-0.03-0.68-0.29-0.27-0.560.140.18-0.46-0.14-0.020.01-0.290.040.100.100.110.350.170.290.260.360.450.250.600.490.520.240.690.640.540.40-0.100.170.06-0.440.09-0.10-0.03-0.11-0.04-0.04-0.070.050.280.11-0.400.060.42-0.280.260.06-0.510.140.11-0.19-0.010.220.35-0.09
Surprise-96.32%-8.33%89.47%8.33%10.00%76.92%1.45%-38.10%-3.85%-124.00%800.00%-21.74%-283.33%-27.27%75.00%200.00%-11.54%-42.86%11.11%-23.08%0.00%52.17%-39.29%0.00%-29.73%20.00%15.38%-46.81%36.36%16.67%6.12%0.00%25.45%0.00%3.85%25.00%-129.41%6.25%-25.00%-1566.67%-43.75%-25.00%40.00%--180.00%-157.14%-800.00%-50.00%333.33%-66.67%-185.71%-14.29%950.00%-1200.00%100.00%-1800.00%366.67%650.00%-280.00%-200.00%1200.00%600.00%-12.50%
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Key Statistics & Ratios

Market Cap9.81B
Enterprise Value10.48B
Trailing P/E15.43
Forward P/E0.00
Price / Sales4.10
Price / Book0.93
EPS0.58
Book Value9.61
Revenue (TTM)2.39B
Gross Profit (TTM)769.48M
EBITDA914.23M
Profit Margin26.29%
Operating Margin-17.41%
Return on Equity6.13%
Return on Assets2.05%
Shares Outstanding1.10B
Shares Float641.53M
Beta0.21
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%