Beyond Securities PCL

Beyond Securities PCL operates with a highly liquid capital structure, as evidenced by its cash and equivalents of 969.14 million THB, which represents 8.05% of total assets. The company's price-to-book ratio of 0.24 indicates that its market value is significantly below its book value, suggesting potential undervaluation or financial distress. The company's debt-to-equity ratio of 0.0 highlights a conservative leverage profile, with no long-term debt obligations reported.

Profitability metrics reveal a challenging operating environment for Beyond Securities PCL. The company reported a net loss of 30.79 million THB, with a negative return on equity (ROE) of -0.26% and a similarly negative return on assets (ROA) of -0.26%. These figures fall well below the industry median for ROE and ROA, which typically range between 5% and 10% for healthy investment banking firms. The negative operating income of 12.16 million THB further underscores the company's inability to generate consistent earnings from its core operations.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes in Thailand. The absence of segment-specific revenue breakdowns in the latest financial disclosures limits the ability to assess the performance of individual business lines.

Growth prospects for Beyond Securities PCL appear muted. The company reported a revenue of 205.58 million THB in the latest period, but no forward-looking guidance or analyst estimates suggest a meaningful increase in the near term. The negative operating cash flow of 179.50 million THB and free cash flow of 44.89 million THB indicate that the company is not generating sufficient cash to fund operations or reinvest in growth. The absence of capital expenditures in the latest period further suggests a lack of investment in future capacity.

Risk factors for Beyond Securities PCL include its negative net income and operating income, which could signal financial instability. The company's liquidity position is strong, with ample cash reserves, but its inability to generate positive earnings raises concerns about long-term sustainability. The risk assessment indicates low dilution risk, with no immediate filing-based flags detected. However, the company's negative earnings and weak cash flow generation could necessitate future equity raises, which would dilute existing shareholders.

Recent events and disclosures for Beyond Securities PCL include the latest actual EPS of -0.09 THB and revenue of 91.31 million THB, as reported in the latest analyst estimates. These figures confirm the company's ongoing financial challenges and align with the negative net income and operating income reported in the financial snapshot. No significant regulatory or operational events were disclosed in the latest filings, but the company's performance remains closely tied to the broader Thai financial market.

The stock trades at 0.24x price-to-book, significantly below the 1.0x replacement cost, suggesting deep undervaluation relative to tangible assets.

Analysts project a mean price target of 94.14 THB, implying a massive 19,513% upside from the current market price of 0.48 THB.

The company maintains a zero debt-to-equity ratio, ranking in the top quartile for leverage safety within its investment banking cohort.

Total assets grew at a 49.6% CAGR over five years, indicating significant balance sheet expansion despite recent revenue declines.

Ownership is highly dispersed with the top five holders controlling only 0.1% of shares, reducing concentration risk for minority investors.

The company carries a high credit risk flag, suggesting potential difficulties in meeting financial obligations or maintaining solvency.

Revenue THB 308.5M; Operating income -THB 4.69B.

• ▍Revenue THB 308.5M
• ▍Operating income -THB 4.69B
• ▍Net margin -1522.1%

Revenue THB 272.7M; Operating income THB 137.6M.

• ▍Revenue THB 272.7M
• ▍Operating income THB 137.6M
• ▍Net margin 43.4%

Revenue THB 1.16B, +15,3% YoY; Operating income +40,4% YoY.

• ▍Revenue THB 1.16B, +15,3% YoY
• ▍Operating income +40,4% YoY
• ▍Net income +39,7% YoY
• ▍Free cash flow +41,2% YoY
• ▍Net margin -237.4%

Revenue THB 699.1M, +151,2% YoY; Operating income +292,9% YoY.

• ▍Revenue THB 699.1M, +151,2% YoY
• ▍Operating income +292,9% YoY
• ▍Net income −203,9% YoY
• ▍Free cash flow −200,6% YoY
• ▍Net margin -70.3%

Revenue THB 278.4M, +198,4% YoY; Operating income +170,8% YoY.

• ▍Revenue THB 278.4M, +198,4% YoY
• ▍Operating income +170,8% YoY
• ▍Net income −7,4% YoY
• ▍Free cash flow −25,6% YoY
• ▍Net margin -58.1%

Revenue THB 93.3M; Operating income -THB 139.7M.

• ▍Revenue THB 93.3M
• ▍Operating income -THB 139.7M
• ▍Net margin -161.5%