Home Product Center PCL

Home Product Center PCL maintains a capital structure characterized by significant leverage, with long-term debt of 25.58 billion THB against total equity of 26.10 billion THB, resulting in a debt-to-equity ratio of 0.98. The company holds minimal cash and equivalents of 2.52 million THB, leading to a negative net cash position and a current ratio of 0.73, which indicates medium liquidity risk. The market capitalization stands at 84.96 billion THB, with an enterprise value-to-EBITDA multiple of 14.33 and a price-to-book ratio of 3.26.

Profitability metrics show a return on equity of 21.87% and a return on assets of 8.08%, driven by an operating income of 8.10 billion THB on revenues of 67.89 billion THB. The gross profit margin is approximately 27.6%, with net income reaching 6.01 billion THB. While specific cohort medians are not provided for direct comparison, the ROE suggests efficient use of equity capital despite the high leverage. The price-to-earnings ratio of 14.88 reflects the market's valuation of these earnings.

Analysts project 18.7% upside to a mean price target of 7.12 THB from the current market price of 6.0 THB.

Cash conversion ratio of 1.64 is above the cohort median of 1.2, suggesting effective cash generation from earnings.

Long-term debt increased to 25.6 billion THB in FY2026, rising steadily from 18.5 billion THB in FY2022.

The company faces medium liquidity and credit risks, which could constrain financial flexibility amid declining cash flows.

Revenue THB 16.51B, −8,3% YoY; Operating income −16,8% YoY.

• ▍Revenue THB 16.51B, −8,3% YoY
• ▍Operating income −16,8% YoY
• ▍Net income −17,8% YoY
• ▍Free cash flow −21,7% YoY
• ▍Net margin 8.5%

Revenue THB 16.90B, −3,1% YoY; Operating income −7,7% YoY.

• ▍Revenue THB 16.90B, −3,1% YoY
• ▍Operating income −7,7% YoY
• ▍Net income −7,2% YoY
• ▍Free cash flow −18,6% YoY
• ▍Net margin 9.5%

Revenue THB 16.10B, −1,8% YoY; Operating income −8,5% YoY.

• ▍Revenue THB 16.10B, −1,8% YoY
• ▍Operating income −8,5% YoY
• ▍Net income −9,6% YoY
• ▍Free cash flow +33,2% YoY
• ▍Net margin 8.1%

Revenue THB 16.87B, −5,5% YoY; Operating income −12,1% YoY.

• ▍Revenue THB 16.87B, −5,5% YoY
• ▍Operating income −12,1% YoY
• ▍Net income −13,8% YoY
• ▍Free cash flow −59,0% YoY
• ▍Net margin 8.3%

Revenue THB 18.02B; Operating income THB 2.30B.

• ▍Revenue THB 18.02B
• ▍Operating income THB 2.30B
• ▍Net margin 9.5%

Revenue THB 17.44B; Operating income THB 2.29B.

• ▍Revenue THB 17.44B
• ▍Operating income THB 2.29B
• ▍Net margin 9.9%

Revenue THB 16.40B; Operating income THB 1.95B.

• ▍Revenue THB 16.40B
• ▍Operating income THB 1.95B
• ▍Net margin 8.8%

Revenue THB 17.86B; Operating income THB 2.16B.

• ▍Revenue THB 17.86B
• ▍Operating income THB 2.16B
• ▍Net margin 9.1%

Revenue THB 67.89B, −2,8% YoY; Operating income −6,8% YoY.

• ▍Revenue THB 67.89B, −2,8% YoY
• ▍Operating income −6,8% YoY
• ▍Net income −7,6% YoY
• ▍Free cash flow −104,6% YoY
• ▍Net margin 8.9%

Revenue THB 69.81B, −0,5% YoY; Operating income +2,1% YoY.

• ▍Revenue THB 69.81B, −0,5% YoY
• ▍Operating income +2,1% YoY
• ▍Net income +1,0% YoY
• ▍Free cash flow +210,0% YoY
• ▍Net margin 9.3%

Revenue THB 70.17B, +5,0% YoY; Operating income +5,3% YoY.

• ▍Revenue THB 70.17B, +5,0% YoY
• ▍Operating income +5,3% YoY
• ▍Net income +3,6% YoY
• ▍Free cash flow +41,3% YoY
• ▍Net margin 9.2%

Revenue THB 66.81B, +8,1% YoY; Operating income +14,8% YoY.

• ▍Revenue THB 66.81B, +8,1% YoY
• ▍Operating income +14,8% YoY
• ▍Net income +14,3% YoY
• ▍Free cash flow −158,7% YoY
• ▍Net margin 9.3%