Thai Steel Cable PCL (BKK:TSC) Dividend Payout Ratio: 2.09 (As of Mar. 2026) — 107% Above Median

What is Thai Steel Cable PCL Dividend Payout Ratio?

Thai Steel Cable PCL BKK:TSC +0.67% 86 Dividend Payout Ratio is 2.09 as of Mar. 2026, which is 107% above its 10-year median of 1.01. GuruFocus rates BKK:TSC with a GF Score™ of 86/100 and a GF Value™ of ฿12.98 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 777 Vehicles & Parts companies, Thai Steel Cable PCL ranks worse than 85.84% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Thai Steel Cable PCL's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.09.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Thai Steel Cable PCL is 0.86, which seems too high.

The historical rank and industry rank for Thai Steel Cable PCL's Dividend Payout Ratio or its related term are showing as below:

BKK:TSC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.74 Med: 1.01 Max: 1.88
Current: 0.86

During the past 13 years, the highest Dividend Payout Ratio of Thai Steel Cable PCL was 1.88. The lowest was 0.74. And the median was 1.01.

BKK:TSC's Dividend Payout Ratio is ranked worse than
85.84% of 777 companies
in the Vehicles & Parts industry
Industry Median: 0.36 vs BKK:TSC: 0.86

As of today (2026-07-03), the Dividend Yield % of Thai Steel Cable PCL is 8.05%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Thai Steel Cable PCL was 11.36%. The lowest was 3.65%. And the median was 7.35%.

Thai Steel Cable PCL's Dividends per Share for the months ended in Mar. 2026 was ฿0.80.

During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Thai Steel Cable PCL was 22.10% per year. The lowest was -14.50% per year. And the median was 6.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Thai Steel Cable PCL (BKK:TSC) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Thai Steel Cable PCL Dividend Payout Ratio Related Terms

Thai Steel Cable PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Thai Steel Cable PCL's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thai Steel Cable PCL Dividend Payout Ratio Chart

Thai Steel Cable PCL Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Dividend Payout Ratio

Get a 7-Day Free Trial

0.99

1.29

0.92

1.09

0.89

Thai Steel Cable PCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.17	1.01	0.00	0.00	2.09

BKK:TSC vs ORLY, AZO: Dividend Payout Ratio Comparison

For the Auto Parts subindustry, Thai Steel Cable PCL's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thai Steel Cable PCL Dividend Payout Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Steel Cable PCL's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Thai Steel Cable PCL's Dividend Payout Ratio falls into.

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Thai Steel Cable PCL BKK:TSC

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Thai Steel Cable PCL Dividend Payout Ratio Calculation

Thai Steel Cable PCL's Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2025 )	/	EPS without NRI (A: Sep. 2025 )
	=	1.2	/	1.344
	=	0.89

Thai Steel Cable PCL's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.8	/	0.382
	=	2.09

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.09 mean?

Thai Steel Cable PCL (BKK:TSC) has a Dividend Payout Ratio of 2.09 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Thai Steel Cable PCL and its competitors. This is 107% above median its historical median of 1.01. Over the past decade, Thai Steel Cable PCL's Dividend Payout Ratio has ranged from 0.74 to 1.88. According to the industry distribution chart, Thai Steel Cable PCL ranks #667 out of 777 companies in the Vehicles & Parts industry, placing it in the top 85.8%.

Is Thai Steel Cable PCL's Dividend Payout Ratio too high?

Thai Steel Cable PCL's current Dividend Payout Ratio of 2.09 is 107% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.88. The Vehicles & Parts industry median Dividend Payout Ratio is 0.36. Thai Steel Cable PCL's value of 2.09 is 480.6% above this industry median. Based on the distribution chart, Thai Steel Cable PCL ranks #667 out of 777 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Thai Steel Cable PCL has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Thai Steel Cable PCL's Dividend Payout Ratio compare to ORLY and AZO?

According to the Vehicles & Parts industry distribution chart, Thai Steel Cable PCL ranks #667 out of 777 companies for Dividend Payout Ratio. This places Thai Steel Cable PCL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.36. Thai Steel Cable PCL's value of 2.09 is 480.6% above this benchmark. Historically, Thai Steel Cable PCL's own Dividend Payout Ratio has ranged from 0.74 to 1.88 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.36, Thai Steel Cable PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Vehicles & Parts company?

The median Dividend Payout Ratio among Vehicles & Parts companies is 0.36, based on 777 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Steel Cable PCL's current Dividend Payout Ratio of 2.09 is 480.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Thai Steel Cable PCL and its competitors. For the Vehicles & Parts industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Steel Cable PCL's current Dividend Payout Ratio is 2.09, which is 107% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Thai Steel Cable PCL stock overvalued right now?

Based on GuruFocus' analysis, Thai Steel Cable PCL (BKK:TSC) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿12.98, compared to a current price of ฿15.00 — trading 15.6% above its estimated fair value. The current Dividend Payout Ratio is 2.09, which is 107% above median its 10-year median of 1.01 and 480.6% above the Vehicles & Parts industry median of 0.36. Thai Steel Cable PCL's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Thai Steel Cable PCL (BKK:TSC), the current Dividend Payout Ratio is 2.09 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thai Steel Cable PCL (BKK:TSC) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Steel Cable PCL stock appears to be overvalued. The current stock price of ฿15.00 is trading 15.6% above its estimated GF Value™ of ฿12.98. GuruFocus considers Thai Steel Cable PCL to be Modestly Overvalued.

Key valuation signals for BKK:TSC:

Dividend Payout Ratio: 2.09 (107% above median its 10-year median of 1.01)
GF Value™: ฿12.98 vs. price of ฿15.00 (15.6% above fair value)
GF Score™: 86/100 with 6 warning signs
Industry Position: 480.6% above the Vehicles & Parts median (#667 of 777)

No single metric tells the full story. See the BKK:TSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thai Steel Cable PCL Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies BKK:PCSGH BKK:AH BKK:HFT BKK:TRU BKK:IRC BKK:FPI BKK:YUASA BKK:PACO BKK:GYT BKK:SAT ORLY TSE:5802 AZO TSE:6902 XKRX:012330 TSE:5108 XPAR:ML SHSE:600660 XTER:KBX TSX:MG

Address 700/737, Moo 1, Tambol Panthong, Amphur Panthong, Chonburi, THA, 20160

Website https://www.tscpcl.com

Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.

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฿15.00

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฿12.98

GF Value

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