TMBThanachart Bank Public Company Limited (TMBBY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
TMBThanachart Bank Public Company Limited (TMBBY) trades at $9.05 with AI Score 51/100 (Grade B). TMBThanachart Bank Public Company Limited (TMBBY) is a Thai commercial bank providing a range of financial products and services to individuals, SMEs, and corporate clients. Market cap: $873.22B, Sector: Financial services.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for TMBBY: TMBBY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TMBBY against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
TMBBY: 4/6 perspectives are bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →TMBThanachart Bank Public Company Limited (TMBBY) Financial Services Profile
TMBThanachart Bank Public Company Limited (TMBBY) is a Thailand-based commercial bank offering diverse financial solutions, including loans, deposits, and investment products, to individuals, SMEs, and corporate clients. Operating through retail and commercial banking segments, TMBBY leverages a wide network of branches and digital platforms to serve its customer base in a competitive regional banking landscape.
What Is the Investment Thesis for TMBBY?
TMBThanachart Bank (TMBBY) presents an investment opportunity in the Thai financial sector. With a P/E ratio of 9.9 and a profit margin of 23.5%, the bank demonstrates profitability. The dividend yield of 5.90% offers income potential for investors. Growth catalysts include expansion of digital banking services and strategic partnerships to enhance customer reach. The bank's focus on SMEs and retail banking segments positions it to capitalize on Thailand's economic growth. Potential risks include regulatory changes in the Thai banking sector and increased competition from both traditional banks and fintech companies. Monitoring asset quality and managing credit risk are crucial for sustained performance.
Based on FMP financials and quantitative analysis
TMBBY Key Highlights
- Market capitalization of $873.22B, reflecting its position in the Thai banking sector.
- P/E ratio of 9.9, indicating a potentially undervalued stock compared to its earnings.
- Profit margin of 23.5%, showcasing efficient operations and profitability.
- Gross margin of 62.5%, reflecting the bank's ability to manage costs effectively.
- Dividend yield of 5.90%, providing a substantial income stream for investors.
Who Are TMBBY's Competitors?
TMBBY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BKAHF Bank of Ayudhya Public Company Limited | $0.70 | -0.00% | $5.15B | 51 |
| BKCYF Bank of Cyprus Holdings Public Limited Company | $11.96 | +0.00% | $5.21B | 49 |
| BKEAF The Bank of East Asia, Limited | $1.50 | +6.38% | $3.97B | 44 |
| BKEAY The Bank of East Asia, Limited | $1.65 | -1.79% | $4.36B | 65 |
| BKZHF Santander Bank Polska S.A. | $161.24 | -3.40% | $16.48B | 56 |
| MCHB Mechanics Bank | $16.24 | +0.50% | $3.58B | 71 |
| CIBEY Commercial International Bank (Egypt) S.A.E | $2.63 | +3.54% | $8.68B | 67 |
| GBOOY Grupo Financiero Banorte, S.A.B. de C.V. | $54.16 | +0.39% | $30.47B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TMBBY's Key Strengths?
- Established presence in the Thai banking market.
- Diversified product and service offerings.
- Extensive branch network and ATM coverage.
- Strong focus on SMEs and retail banking.
What Are TMBBY's Weaknesses?
- Exposure to the Thai economy and regulatory environment.
- Competition from larger domestic and international banks.
- Potential for asset quality deterioration during economic downturns.
- Dependence on interest income as a primary revenue source.
What Could Drive TMBBY Stock Higher?
- Expansion of digital banking services to attract a younger customer base.
- Strategic partnerships with fintech companies to offer innovative financial products.
- Focus on SME lending to capitalize on Thailand's economic growth.
- Potential regulatory changes in the Thai banking sector that could benefit TMBBY.
- Launch of new bancassurance products to generate additional revenue streams.
What Are the Key Risks for TMBBY?
- Regulatory changes in the Thai banking sector could negatively impact TMBBY's operations.
- Increased competition from both traditional banks and fintech companies.
- Economic slowdown in Thailand could lead to asset quality deterioration.
- Currency risk associated with the ADR structure.
- Risks associated with operating in the OTC market, including limited liquidity and disclosure.
What Are the Growth Opportunities for TMBBY?
- Expansion of Digital Banking Services: TMBThanachart Bank can capitalize on the growing adoption of digital banking in Thailand by enhancing its mobile and internet banking platforms. Investing in user-friendly interfaces, secure transaction capabilities, and personalized financial management tools can attract a younger, tech-savvy customer base. The digital banking market in Southeast Asia is projected to reach $62 billion by 2028, presenting a significant growth opportunity for TMBBY.
- Strategic Partnerships with Fintech Companies: Collaborating with fintech companies can enable TMBThanachart Bank to offer innovative financial products and services, such as digital lending, payment solutions, and wealth management platforms. These partnerships can enhance the bank's competitiveness and expand its reach to new customer segments. The fintech market in Thailand is expected to grow at a CAGR of 20% over the next five years.
- Focus on SME Lending: TMBThanachart Bank can strengthen its position in the SME lending market by offering tailored financial solutions and advisory services to small and medium-sized enterprises. This segment represents a significant growth opportunity, as SMEs are a key driver of economic growth in Thailand. The SME lending market in Thailand is estimated to be worth $150 billion.
- Development of Bancassurance Products: Expanding its bancassurance offerings can enable TMBThanachart Bank to generate additional revenue streams and enhance customer loyalty. By partnering with insurance companies, the bank can offer a range of insurance products, such as life, health, and property insurance, to its customer base. The bancassurance market in Thailand is projected to grow at a CAGR of 10% over the next five years.
- Expansion into Neighboring Markets: TMBThanachart Bank can explore opportunities to expand its operations into neighboring countries in Southeast Asia, such as Cambodia, Laos, and Myanmar. These markets offer attractive growth prospects due to their rapidly growing economies and increasing demand for financial services. However, the bank needs to carefully assess the regulatory environment and competitive landscape in each market before entering.
What Opportunities Does TMBBY Have?
- Expansion of digital banking services.
- Strategic partnerships with fintech companies.
- Growth in the SME lending market.
- Development of bancassurance products.
- Expansion into neighboring markets.
What Threats Does TMBBY Face?
- Increased competition from fintech companies.
- Regulatory changes in the Thai banking sector.
- Economic slowdown in Thailand or globally.
- Geopolitical risks and uncertainties.
What Are TMBBY's Competitive Advantages?
- Established brand reputation in the Thai banking market.
- Extensive branch network and ATM coverage across Thailand.
- Strong relationships with SMEs and corporate clients.
- Diversified product and service offerings.
- Access to a large customer base through its retail and commercial banking segments.
What Does TMBBY Do?
TMBThanachart Bank Public Company Limited (TMBBY) traces its origins to 1957 and is headquartered in Bangkok, Thailand. The bank provides a comprehensive suite of commercial banking products and services, catering to individuals, small and medium-sized enterprises (SMEs), and corporate clients, primarily within Thailand. TMBBY operates through two primary segments: Commercial Banking and Retail Banking. Its offerings include a variety of deposit accounts such as basic, current, cash concentration, corporate liquidity, term and foreign currency deposit, multi-currency, and savings accounts. The bank also provides an array of lending options, including working capital, personal, home, auto, credit card, long-term, unsecured, and other loans, alongside special funding programs for SMEs. Furthermore, TMBThanachart Bank offers trade finance, foreign exchange, financial management, hire purchase, finance leasing, bancassurance, and mutual funds. The bank also provides wealth banking, mobile and Internet banking services, and insurance products. As of December 31, 2021, TMBThanachart Bank operated 636 branches, 3,043 ATMs, and 598 CDMs across Thailand. In May 2021, TMB Bank Public Company Limited changed its name to TMBThanachart Bank Public Company Limited.
What Products and Services Does TMBBY Offer?
- Provides commercial banking products and services to individuals, SMEs, and corporate customers.
- Offers a range of deposit accounts, including basic, current, and savings accounts.
- Provides various loan products, such as working capital, personal, and home loans.
- Offers credit and debit cards to its customers.
- Provides trade finance and foreign exchange services.
- Offers bancassurance and mutual funds.
- Provides wealth banking, mobile and Internet banking services.
- Provides insurance brokerage, investment banking and advisory services.
How Does TMBBY Make Money?
- Generates revenue from interest income on loans and advances.
- Earns fees from providing various banking services, such as trade finance and foreign exchange.
- Generates commission income from bancassurance and mutual fund products.
- Earns revenue from investment banking and advisory services.
What Industry Does TMBBY Operate In?
TMBThanachart Bank operates within the regional banking sector in Thailand, a market characterized by increasing competition and evolving customer preferences. The Thai banking industry is influenced by factors such as economic growth, regulatory policies, and technological advancements. Key trends include the rise of digital banking, increasing demand for personalized financial services, and the growing importance of SMEs in the economy. TMBBY competes with other regional banks like BKAHF (Bangkok Bank), BKCYF (Kasikornbank), and BKEAF (Siam Commercial Bank). The bank's success depends on its ability to adapt to these trends and differentiate itself through innovative products and services.
Who Are TMBBY's Key Customers?
- Individuals seeking personal banking services.
- Small and medium-sized enterprises (SMEs) requiring business loans and financial solutions.
- Corporate clients seeking commercial banking services.
- High-net-worth individuals seeking wealth management services.
FY2026 estForward Outlook
Wall Street analysts project TMBThanachart Bank Public Company Limited revenue of about $64.68B for fiscal 2026, with EPS near $0.00. The estimate reflects 14 contributing analysts.
F-Score 8/9Financial Health
TMBThanachart Bank Public Company Limited's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 12.33 places it in the safe zone, indicating low near-term bankruptcy risk.
ROE 9%Key Financial Metrics
Return on equity for TMBThanachart Bank Public Company Limited stands at 8.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.2%, showing how much profit it generates from its asset base. TMBBY trades at a trailing price-to-earnings ratio of 9.90, below the Financial Services sector average of ~18x. Its free cash flow yield is 20.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.01 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 9.4%, the inverse of the P/E and a quick read on earnings relative to price.
TMBThanachart Bank Public Company Limited (TMBBY) Valuation Context
Valued at $873.22B, TMBBY is classified as a mega-cap stock. Relative to its peer group, TMBBY's quantitative score of 51/100 is roughly in line with the peer average of 53/100.
Company Profile
TMBThanachart Bank Public Company Limited operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Bangkok, TH. The company is led by CEO Piti Tantakasem. TMBBY has traded publicly since 2017.
TMBBY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Established presence in the Thai banking market.
- Diversified product and service offerings.
- Extensive branch network and ATM coverage.
- Strong focus on SMEs and retail banking.
Bear Case
- Exposure to the Thai economy and regulatory environment.
- Competition from larger domestic and international banks.
- Potential for asset quality deterioration during economic downturns.
- Dependence on interest income as a primary revenue source.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
TMBBY Latest News
No recent news available for TMBBY.
TMBBY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TMBBY.
Price Targets
Wall Street price target analysis for TMBBY.
TMBBY MoonshotScore
What does this score mean?
The MoonshotScore rates TMBBY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Piti Tantakasem
CEO
Piti Tantakasem serves as the CEO of TMBThanachart Bank Public Company Limited. His background includes extensive experience in the financial services industry. He has held various leadership positions in banking and finance, contributing to strategic planning, business development, and operational efficiency. His expertise spans across retail banking, commercial banking, and investment banking. He is known for his focus on digital transformation and customer-centric strategies.
Track Record: Under Piti Tantakasem's leadership, TMBThanachart Bank has focused on enhancing its digital capabilities and expanding its customer base. Key achievements include the successful integration of TMB Bank and Thanachart Bank, resulting in a stronger and more competitive financial institution. He has also overseen the implementation of innovative banking solutions and the expansion of the bank's SME lending portfolio.
TMBThanachart Bank Public Company Limited ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company that trades on U.S. stock exchanges. TMBBY functions as a Level 1 ADR, meaning it trades over-the-counter (OTC) without needing to meet the strict listing requirements of exchanges like the NYSE or NASDAQ. This allows U.S. investors to invest in TMBThanachart Bank more easily.
- Home Market Ticker: Stock Exchange of Thailand (SET), Bangkok, TH
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: TMBB
TMBBY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market, indicating that TMBThanachart Bank has chosen not to meet the requirements for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited regulatory oversight and disclosure requirements compared to companies listed on major exchanges like the NYSE or NASDAQ. This tier generally involves higher risks due to the lack of stringent listing standards.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited regulatory oversight and disclosure requirements.
- Potential for information asymmetry and lack of transparency.
- Higher price volatility due to lower trading volume.
- Wider bid-ask spreads and increased transaction costs.
- Risk of fraud or manipulation due to less stringent listing standards.
- Verify the company's registration and legal status.
- Assess the availability and reliability of financial information.
- Research the company's management team and their track record.
- Evaluate the company's business model and competitive landscape.
- Understand the risks associated with investing in an OTC stock.
- Consult with a financial advisor before making any investment decisions.
- Monitor the company's news and announcements for any red flags.
- Established history as a commercial bank in Thailand.
- Presence of a recognized CEO and management team.
- Availability of some financial information, even if limited.
- Operations in a regulated industry (banking).
- Listing on the Stock Exchange of Thailand (SET) under the ticker TMBB.
TMBBY Financial Services Stock FAQ
What does TMBThanachart Bank Public Company Limited do?
TMBThanachart Bank Public Company Limited operates as a full-service commercial bank in Thailand, providing a wide array of financial products and services to individuals, SMEs, and corporate clients. Its core business revolves around accepting deposits, providing loans, and facilitating various financial transactions. The bank offers a diverse range of deposit accounts, lending options, trade finance, foreign exchange services, bancassurance, and wealth management solutions. TMBThanachart Bank aims to serve as a trusted financial partner for its customers, supporting their financial needs and contributing to Thailand's economic development.
What do analysts say about TMBBY stock?
Analyst coverage of TMBThanachart Bank (TMBBY) may be limited due to its OTC listing and ADR structure. However, analysts typically focus on key valuation metrics such as the P/E ratio, profit margin, and dividend yield. Growth considerations include the bank's digital banking initiatives, SME lending strategy, and expansion into new markets. Risks include regulatory changes, competition, and economic conditions in Thailand. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.
What are the main risks for TMBBY?
TMBThanachart Bank faces several risks inherent to the banking industry and its specific operating environment. Credit risk, the potential for borrowers to default on loans, is a primary concern, especially during economic downturns. Market risk, including interest rate fluctuations and currency volatility, can impact the bank's profitability and asset values. Operational risk, encompassing internal control failures and external events, can disrupt operations and lead to financial losses. Additionally, regulatory changes in the Thai banking sector and increased competition from fintech companies pose ongoing challenges.
What are the key factors to evaluate for TMBBY?
TMBThanachart Bank Public Company Limited (TMBBY) holds an AI score of 51/100 (moderate). P/E: 9.9x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does TMBBY data refresh on this page?
TMBBY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven TMBBY's recent stock price performance?
TMBThanachart Bank Public Company Limited (TMBBY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established presence in the Thai banking market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TMBBY overvalued or undervalued right now?
TMBThanachart Bank Public Company Limited (TMBBY) trades at 9.9x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying TMBBY?
Before investing in TMBThanachart Bank Public Company Limited (TMBBY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available sources and may be subject to change.
- OTC market data may be less reliable than exchange-listed data.
- AI analysis is pending and may provide further insights.