Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Millcon Steel Public Company Limited, founded in 1998 and headquartered in Bangkok, Thailand, is an enterprise specializing in the production and commercial distribution of various steel products, serving both domestic Thai and international markets. The company's comprehensive steel offerings include structural components such as pipes, sheets, flat plates, lip channel steel, and galvanized steel. It also provides reinforcing bars—both round and deformed—along with raw materials like wire rods, billets, and one bars, complemented by specialized cut and bend services. Beyond its core steel business, the firm manufactures and trades other construction materials and is involved in generating and selling electricity from alternative energy sources. The company was formerly named Mill Con Steel Industries Public Company Limited until its rebranding to Millcon Steel Public Company Limited in June 2013.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. Specifically, the stock is overvalued on EV/EBITDA.