City Sports and Recreation PCL

City Sports and Recreation PCL maintains a strong liquidity position, with a current ratio of 4.94 and cash and equivalents of 81.7 million THB, indicating a robust ability to meet short-term obligations. The company's price-to-book ratio of 1.3 and price-to-tangible-book ratio of 1.3 suggest that the market values the company slightly above its book value, but not excessively.

Profitability metrics show a return on equity (ROE) of 1.74% and a return on assets (ROA) of 1.54%, which are below the typical thresholds for high-performing companies in the Leisure & Recreation industry. The company's operating income of 26.5 million THB and net income of 21.2 million THB indicate a relatively modest profit margin, which may reflect the competitive nature of the leisure and recreation sector.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification, suggesting a high degree of exposure to local market conditions. This lack of diversification could pose a risk if the domestic economy experiences a downturn or if consumer spending on leisure activities declines.

Looking ahead, the company's growth trajectory appears to be modest, with no significant revenue growth or decline indicated in the financial data. The company's capital expenditure of -1.2 million THB suggests a reduction in investment in physical assets, which may indicate a focus on cost optimization or a shift toward digital or service-based offerings.

Risk factors for the company are currently low, with no immediate liquidity or dilution concerns identified. The company has no long-term debt, and the number of shares outstanding remains unchanged between basic and diluted shares, indicating no near-term dilution pressure. However, the company's reliance on a single revenue stream and the cyclical nature of the leisure and recreation industry could introduce volatility in future performance.

Recent filings and transcripts do not indicate any major strategic shifts or operational disruptions. The company appears to be maintaining a stable business model, with no significant changes in management or capital structure disclosed in the available data.

City Sports generated THB 195.3 million in FY0 revenue, reflecting a strong 15.3% four-year compound annual growth rate.

Net income grew at a robust 28.8% CAGR over four years, reaching THB 69.1 million in the latest fiscal year.

Free cash flow surged 67% year-over-year to THB 27.3 million, demonstrating strong cash generation capabilities relative to peers.

With zero long-term debt and a debt-to-equity ratio of 0.0, the company maintains a pristine balance sheet with low credit risk.

Return on equity of 1.74% falls below the 3.89% cohort median, indicating inefficient capital utilization despite high margins.

Revenue growth slowed to just 3.1% year-over-year in FY0, suggesting a potential deceleration in top-line expansion momentum.

Return on assets of 1.54% remains low, highlighting limited efficiency in generating profits from the company's total asset base.

Revenue THB 43.7M, −1,4% YoY; Operating income −33,8% YoY.

• ▍Revenue THB 43.7M, −1,4% YoY
• ▍Operating income −33,8% YoY
• ▍Net income −33,5% YoY
• ▍Free cash flow +9,9% YoY
• ▍Net margin 23.1%

Revenue THB 44.8M, +11,8% YoY; Operating income +65,9% YoY.

• ▍Revenue THB 44.8M, +11,8% YoY
• ▍Operating income +65,9% YoY
• ▍Net income +64,6% YoY
• ▍Free cash flow +100,1% YoY
• ▍Net margin 41.1%