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AJA$0.1557

AJ Advance Technology PCL

Apparel & Accessories RetailersVerified
Score breakdown
Valuation+14Sentiment+30Missing signals-1
Quality breakdown
Key fields100Profile38Conclusion99AI synthesis40Observations3

AJ Advance Technology PCL has a liquidity position that is characterized by a current ratio of 4.81, indicating a strong ability to meet short-term obligations with its current assets [doc:HA-latest]. The company's price-to-book ratio is 1.5, suggesting that the market value is 50% higher than the book value of the company's equity [doc:HA-latest]. This valuation is in line with the industry's preference for tangible asset-based metrics, as outlined in the industry_config. The company's profitability is a concern, as evidenced by a negative return on equity of -0.3052 and a negative return on assets of -0.2589, both of which are below the industry_config's preferred metrics for a healthy return on investment [doc:HA-latest]. The operating income is negative at -171,213,610 THB, and the net income is also negative at -164,191,550 THB, indicating a significant financial challenge [doc:HA-latest]. AJ Advance Technology PCL's revenue is derived from multiple segments, including the retailing and wholesaling of electric appliances, the sale of chemical organic fertilizer, mining digital assets, and the sale of electric motorcycles. The company's revenue concentration is not disclosed, but the presence of multiple revenue streams suggests a diversified business model [doc:HA-latest]. The company's geographic exposure is primarily within Thailand, with no significant international operations reported [doc:HA-latest]. The company's growth trajectory is uncertain, as the financial snapshot does not provide specific outlook data for the current or next fiscal year. However, the negative operating and net income figures suggest a need for strategic adjustments to improve financial performance [doc:HA-latest]. The company's capital expenditure is negative at -4,266,650 THB, indicating a reduction in investment in long-term assets [doc:HA-latest]. The risk assessment for AJ Advance Technology PCL indicates a low liquidity risk and a low dilution risk, with no immediate filing-based liquidity or dilution flags detected [doc:HA-latest]. The company's debt-to-equity ratio is 0.05, suggesting a conservative capital structure with minimal reliance on debt financing [doc:HA-latest]. The company's custom valuations do not indicate any adjustments that would suggest a high dilution potential [doc:HA-latest]. Recent events for AJ Advance Technology PCL include the continuation of its operations in the retail and distribution of electrical appliances and electric motorcycles, as well as the sale of chemical fertilizers. The company's recent financial performance has been challenging, with a significant negative net income [doc:HA-latest]. No specific recent filings or transcripts have been provided that would indicate significant changes in the company's operations or financial strategy [doc:HA-latest].

Profile
CompanyAJ Advance Technology PCL
TickerAJA.BK
SectorConsumer Cyclicals
BusinessRetailers
Industry groupRetailers
IndustryApparel & Accessories Retailers
AI analysis

Business. AJ Advance Technology PCL operates in the retail and distribution of electrical appliances, electric motorcycles, and chemical fertilizers, with a primary focus on consumer electronics and home appliances [doc:HA-latest].

Classification. The company is classified under the Consumer Cyclicals economic sector, Retailers business sector, and Apparel & Accessories Retailers industry with a confidence level of 0.92 [doc:verified market data].

AJ Advance Technology PCL has a liquidity position that is characterized by a current ratio of 4.81, indicating a strong ability to meet short-term obligations with its current assets [doc:HA-latest]. The company's price-to-book ratio is 1.5, suggesting that the market value is 50% higher than the book value of the company's equity [doc:HA-latest]. This valuation is in line with the industry's preference for tangible asset-based metrics, as outlined in the industry_config. The company's profitability is a concern, as evidenced by a negative return on equity of -0.3052 and a negative return on assets of -0.2589, both of which are below the industry_config's preferred metrics for a healthy return on investment [doc:HA-latest]. The operating income is negative at -171,213,610 THB, and the net income is also negative at -164,191,550 THB, indicating a significant financial challenge [doc:HA-latest]. AJ Advance Technology PCL's revenue is derived from multiple segments, including the retailing and wholesaling of electric appliances, the sale of chemical organic fertilizer, mining digital assets, and the sale of electric motorcycles. The company's revenue concentration is not disclosed, but the presence of multiple revenue streams suggests a diversified business model [doc:HA-latest]. The company's geographic exposure is primarily within Thailand, with no significant international operations reported [doc:HA-latest]. The company's growth trajectory is uncertain, as the financial snapshot does not provide specific outlook data for the current or next fiscal year. However, the negative operating and net income figures suggest a need for strategic adjustments to improve financial performance [doc:HA-latest]. The company's capital expenditure is negative at -4,266,650 THB, indicating a reduction in investment in long-term assets [doc:HA-latest]. The risk assessment for AJ Advance Technology PCL indicates a low liquidity risk and a low dilution risk, with no immediate filing-based liquidity or dilution flags detected [doc:HA-latest]. The company's debt-to-equity ratio is 0.05, suggesting a conservative capital structure with minimal reliance on debt financing [doc:HA-latest]. The company's custom valuations do not indicate any adjustments that would suggest a high dilution potential [doc:HA-latest]. Recent events for AJ Advance Technology PCL include the continuation of its operations in the retail and distribution of electrical appliances and electric motorcycles, as well as the sale of chemical fertilizers. The company's recent financial performance has been challenging, with a significant negative net income [doc:HA-latest]. No specific recent filings or transcripts have been provided that would indicate significant changes in the company's operations or financial strategy [doc:HA-latest].
Key takeaways
  • AJ Advance Technology PCL has a strong liquidity position with a current ratio of 4.81.
  • The company's profitability is a concern, with a negative return on equity and return on assets.
  • AJ Advance Technology PCL operates in multiple segments, including retailing and wholesaling of electric appliances, sale of chemical organic fertilizer, and sale of electric motorcycles.
  • The company's growth trajectory is uncertain, with a need for strategic adjustments to improve financial performance.
  • The risk assessment indicates a low liquidity and dilution risk for the company.
  • # RATIONALES
  • margin_outlook_rationale: The company's margin outlook is negative due to the significant negative net income and operating income.
  • rd_outlook_rationale: The company's R&D outlook is not specified in the provided data.
Financial snapshot
PeriodHA-latest
CurrencyTHB
Revenue$160.3M
Gross profit$52.2M
Operating income-$171.2M
Net income-$164.2M
R&D
SG&A
D&A
SBC
Operating cash flow-$25.4M
CapEx-$4.3M
Free cash flow-$113.2M
Total assets$634.3M
Total liabilities$96.3M
Total equity$538.0M
Cash & equivalents$42.6M
Long-term debt$25.6M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0
FY-1
FY-2
FY-3
FY-4
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0
FY-1
FY-2
FY-3
FY-4
PeriodOCFCapExFCFSBC
FY0
FY-1
FY-2
FY-3
FY-4
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodOCFCapExFCFSBC
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
Valuation
Market price$0.15
Market cap$804.7M
Enterprise value$787.7M
P/E
Reported non-GAAP P/E
EV/Revenue4.9
EV/Op income
EV/OCF
P/B1.5
P/Tangible book1.5
Tangible book$538.0M
Net cash$17.0M
Current ratio4.8
Debt/Equity0.1
ROA-25.9%
ROE-30.5%
Cash conversion15.0%
CapEx/Revenue-2.7%
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskLow
  • No immediate filing-based liquidity or dilution flags were detected.
Industry benchmarks
Activity: Retailers · cohort 2 companies
MetricAJAActivity
Op margin-106.8%20.7% medp25 18.7% · p75 22.8%bottom quartile
Net margin-102.4%15.6% medp25 13.4% · p75 17.7%bottom quartile
Gross margin32.6%31.0% medp25 19.6% · p75 40.5%above median
R&D / revenue0.4% medp25 0.4% · p75 0.4%
CapEx / revenue-2.7%4.6% medp25 3.2% · p75 5.9%bottom quartile
Debt / equity5.0%39.3% medp25 19.7% · p75 97.3%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-03 15:42 UTC#fdea2125
Market quoteclose THB 0.15 · shares 5.36B diluted
no public URL
2026-05-03 15:42 UTC#ce4581ed
Source: analysis-pipeline (hybrid)Generated: 2026-05-03 15:43 UTCJob: cb25b81f