North East Rubber PCL

North East Rubber maintains a debt-to-equity ratio of 1.03, indicating a balanced capital structure with moderate leverage. The company's liquidity is assessed as medium, with a current ratio of 3.11, suggesting it can meet short-term obligations but has limited cash reserves, as evidenced by negative net cash after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on equity (ROE) of 19.41% and a return on assets (ROA) of 9.42%, both exceeding the typical thresholds for the Tires & Rubber Products industry. The company's gross profit margin is 9.68%, and its operating margin is 8.24%, which are in line with industry norms [doc:HA-latest]. The company's revenue is concentrated in the domestic and international markets for rubber products, with no disclosed segment or geographic breakdown. This lack of segmentation data limits visibility into potential concentration risks, though the company's exposure to the automobile sector suggests a degree of cyclicality [doc:HA-latest]. Looking ahead, the company is projected to grow revenue by 5.2% in the current fiscal year and 3.8% in the next, based on analyst estimates and historical performance. These growth rates are modest but align with the industry's average for a company of its size and maturity [doc:]. The company's risk profile is characterized by medium liquidity risk and low dilution risk. The negative net cash position raises concerns about short-term liquidity, but the absence of near-term dilution pressures and a stable share count suggest the company is not currently at risk of equity dilution [doc:HA-latest]. Recent filings and transcripts indicate no material changes in the company's operations or strategy. Analysts have issued a mean price target of 4.90 THB, with a median of 4.90 THB, and a mean recommendation of 3.00, indicating a neutral outlook [doc:].