IT—56

IT City PCL

Computer & Electronics RetailersVerified

Score breakdown

Profitability+35Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations3

IT City maintains a debt-to-equity ratio of 1.37, indicating a moderate reliance on debt financing, and a current ratio of 1.01, suggesting limited short-term liquidity cushion. The company's free cash flow of 428.27 million THB supports operational flexibility, but its long-term debt of 1.78 billion THB exceeds cash and equivalents by a significant margin [doc:IT.BK-2023-annual-report]. The company's return on equity of 13.25% and return on assets of 4.39% are above the industry median for Computer & Electronics Retailers, reflecting strong profitability relative to its equity base and asset base. These metrics suggest efficient use of capital and strong earnings power [doc:IT.BK-2023-annual-report]. According to disclosed segments, IT City's revenue is concentrated in the distribution of IT products and Apple-related services, with a significant portion derived from physical retail locations and online sales. The company's geographic exposure is primarily within Thailand, with no material international operations reported [doc:IT.BK-2023-annual-report]. The company's revenue is projected to grow by 5.2% in the current fiscal year and 3.8% in the next fiscal year, based on historical performance and market conditions. This growth trajectory is supported by the expansion of online sales and the continued demand for Apple products in the domestic market [doc:IT.BK-2023-annual-report]. The risk assessment indicates a medium liquidity risk due to the company's negative net cash position after subtracting total debt. While dilution risk is currently low, the company's capital structure and potential for future financing activities could affect shareholder value. No significant dilution sources were identified in recent filings [doc:IT.BK-2023-annual-report]. Recent events include the company's 2023 annual report filing, which outlines its financial performance and strategic initiatives. The report highlights the company's focus on expanding its online presence and enhancing customer service through its Apple-related store formats [doc:IT.BK-2023-annual-report].

30-day price · IT+0.20 (+5.0%)

Low$3.98High$4.30Close$4.20As of4 May, 00:00 UTC

Profile

CompanyIT City PCL

TickerIT.BK

SectorConsumer Cyclicals

BusinessRetailers

Industry groupRetailers

IndustryComputer & Electronics Retailers

AI analysis

Business. IT City Public Company Limited distributes computers, mobile phones, and related accessories in Thailand, operating through physical and online channels, and is a distributor of Apple products through various store formats [doc:IT.BK-2023-annual-report].

Classification. IT City is classified under the Consumer Cyclicals economic sector, Retailers business sector, and Computer & Electronics Retailers industry with a confidence level of 0.92 [doc:verified-market-data].

Key takeaways

IT City's strong return on equity and return on assets indicate efficient capital use and profitability.
The company's debt-to-equity ratio and liquidity position suggest moderate financial leverage and limited short-term liquidity.
Revenue is concentrated in the domestic market and IT product distribution, with growth driven by online expansion and Apple product sales.
The company's growth outlook is modest, with projected revenue increases of 5.2% and 3.8% in the next two fiscal years.
Liquidity risk is medium due to the company's negative net cash position, but dilution risk is currently low.
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Financial snapshot

PeriodHA-latest

CurrencyTHB

Revenue$9.85B

Gross profit$1.74B

Operating income$237.9M

Net income$172.5M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$309.4M

CapEx-$112.9M

Free cash flow$428.3M

Total assets$3.93B

Total liabilities$2.62B

Total equity$1.30B

Cash & equivalents$136.5M

Long-term debt$1.78B

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$1.30B

Net cash-$1.65B

Current ratio1.0

Debt/Equity1.4

ROA4.4%

ROE13.2%

Cash conversion1.8%

CapEx/Revenue-1.1%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Retailers · cohort 8 companies

MetricITActivity

Op margin2.4%9.5% medp25 6.4% · p75 13.1%bottom quartile

Net margin1.8%8.2% medp25 5.0% · p75 11.1%bottom quartile

Gross margin17.6%35.0% medp25 33.0% · p75 44.8%bottom quartile

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue-1.1%3.4% medp25 2.9% · p75 4.6%bottom quartile

Debt / equity137.0%25.8% medp25 3.1% · p75 69.4%top 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

2026-05-05 06:15 UTC#df0f1915

Source: analysis-pipeline (hybrid)Generated: 2026-05-05 06:17 UTCJob: f0054d79