Pan Asia Footwear PCL

Pan Asia Footwear PCL has a market price of THB 0.98, with a market capitalization of THB 529.2 million. The company's price-to-book ratio is 0.87, and its price-to-tangible-book ratio is also 0.87, indicating that the market value is below the book value of tangible assets. The enterprise value to EBITDA ratio is 11.81, and the enterprise value to revenue ratio is 0.31, suggesting a relatively low valuation compared to revenue [doc:valuation snapshot]. The company's return on equity is 3.54%, and its return on assets is 1.96%, both of which are below the industry median for Footwear companies. The gross profit margin is 9.37%, and the operating margin is 2.63%, indicating that the company's profitability is constrained by high production and operational costs [doc:financial snapshot]. Pan Asia Footwear PCL's revenue is concentrated in the export markets, with significant exposure to the United States, United Kingdom, and other countries. The company operates through four segments, with the footwear and bag manufacturing segment being the primary revenue driver. The production support business and organic farming business contribute to diversification but represent a smaller portion of total revenue [doc:HA-latest]. The company's revenue growth is expected to remain flat in the current fiscal year, with a slight increase in the next fiscal year. The capital expenditure is negative, indicating a reduction in investment in new projects. The company's free cash flow is positive at THB 46.27 million, but the operating cash flow is negative at THB -38.08 million, suggesting that the company is not generating sufficient cash from operations to fund its activities [doc:financial snapshot]. The company's liquidity risk is rated as medium, with a current ratio of 1.82, indicating that it has sufficient current assets to cover its current liabilities. However, the company has a debt-to-equity ratio of 0.36, and the net cash is negative after subtracting total debt, which could pose a risk to its financial stability. The dilution risk is rated as low, with no significant dilution potential in the near term [doc:risk assessment]. Recent filings and transcripts indicate that the company is focused on maintaining its market position in the footwear and bag manufacturing industry. The company has not disclosed any major new projects or strategic initiatives in the latest filings. The company's management has emphasized the importance of cost control and operational efficiency to improve profitability [doc:HA-latest].