Regional Container Lines PCL

Regional Container Lines PCL maintains a conservative capital structure with a debt-to-equity ratio of 0.30 and a current ratio of 2.41, indicating strong short-term liquidity coverage. The company holds THB 6.9 billion in cash and equivalents against THB 15.96 billion in long-term debt, resulting in a net cash position that is technically negative after subtracting total debt, which contributes to a medium liquidity risk assessment. Operating cash flow stands at THB 11.49 billion, significantly exceeding free cash flow of THB 1.08 billion due to substantial capital expenditures of THB 9.41 billion.

Profitability metrics demonstrate strong returns, with a return on equity of 14.59% and a return on assets of 10.30%. The company trades at a price-to-earnings ratio of 3.46 and a price-to-book ratio of 0.51, suggesting the market values the equity below its book value. The enterprise value to EBITDA multiple is 4.17, reflecting a low valuation multiple relative to earnings before interest, taxes, depreciation, and amortization.

Revenue concentration data by segment or geography is not available in the provided input, preventing a detailed analysis of exposure risks. The company's primary activity is identified as Exploration & Production within the Oil & Gas sector, although sector classification classification aligns it with Marine Transportation.

Historical period data for revenue and net income trends is absent, limiting the ability to assess growth trajectory over the past five years. The latest normalized period shows revenue of THB 36.92 billion and net income of THB 8.17 billion.

Risk assessment indicates low dilution risk, supported by identical basic and diluted share counts of 828.75 million. The key flag notes that net cash is negative after subtracting total debt, which is a critical consideration for liquidity management.

Recent IR observations show a mean analyst price target of THB 33.00, with a mean recommendation of 3.00 (Hold). There are no strong buy or buy ratings, with only one hold rating recorded.

Free cash flow surged 116% year-over-year to THB 1.08 billion in FY2026, signaling strong liquidity recovery.

Analysts assign a mean price target of THB 33.0, implying 7.3% upside from the current market price.

Cash conversion ratio of 1.48 exceeds the cohort median of 1.22, indicating robust earnings quality.

Long-term debt increased to THB 15.96 billion in FY2026, up from THB 5.74 billion in FY2022.

A current ratio of 0.18 indicates severe short-term liquidity risk, well below the standard threshold of 1.0.

Revenue contracted by 0.7% annually over the last four years, showing a lack of top-line growth.

Revenue THB 8.41B, −9,6% YoY; Operating income −14,4% YoY.

• ▍Revenue THB 8.41B, −9,6% YoY
• ▍Operating income −14,4% YoY
• ▍Net income −18,8% YoY
• ▍Free cash flow +62,1% YoY
• ▍Net margin 19.9%

Revenue THB 9.27B, −6,1% YoY; Operating income −43,2% YoY.

• ▍Revenue THB 9.27B, −6,1% YoY
• ▍Operating income −43,2% YoY
• ▍Net income −45,7% YoY
• ▍Free cash flow −471,5% YoY
• ▍Net margin 19.5%

Revenue THB 9.34B, −14,7% YoY; Operating income −40,3% YoY.

• ▍Revenue THB 9.34B, −14,7% YoY
• ▍Operating income −40,3% YoY
• ▍Net income −43,8% YoY
• ▍Free cash flow +162,8% YoY
• ▍Net margin 24.6%

Revenue THB 9.02B, +20,4% YoY; Operating income +79,0% YoY.

• ▍Revenue THB 9.02B, +20,4% YoY
• ▍Operating income +79,0% YoY
• ▍Net income +74,6% YoY
• ▍Free cash flow +77,5% YoY
• ▍Net margin 22.2%

Revenue THB 9.30B; Operating income THB 2.13B.

• ▍Revenue THB 9.30B
• ▍Operating income THB 2.13B
• ▍Net margin 22.1%

Revenue THB 9.87B; Operating income THB 3.58B.

• ▍Revenue THB 9.87B
• ▍Operating income THB 3.58B
• ▍Net margin 33.6%

Revenue THB 10.95B; Operating income THB 4.24B.

• ▍Revenue THB 10.95B
• ▍Operating income THB 4.24B
• ▍Net margin 37.4%

Revenue THB 7.49B; Operating income THB 1.26B.

• ▍Revenue THB 7.49B
• ▍Operating income THB 1.26B
• ▍Net margin 15.3%

Revenue THB 36.92B, +5,2% YoY; Operating income −8,5% YoY.

• ▍Revenue THB 36.92B, +5,2% YoY
• ▍Operating income −8,5% YoY
• ▍Net income −10,9% YoY
• ▍Free cash flow +116,0% YoY
• ▍Net margin 22.1%

Revenue THB 35.10B, +33,6% YoY; Operating income +394,2% YoY.

• ▍Revenue THB 35.10B, +33,6% YoY
• ▍Operating income +394,2% YoY
• ▍Net income +510,6% YoY
• ▍Free cash flow −26,7% YoY
• ▍Net margin 26.1%

Revenue THB 26.27B, −49,6% YoY; Operating income −92,0% YoY.

• ▍Revenue THB 26.27B, −49,6% YoY
• ▍Operating income −92,0% YoY
• ▍Net income −93,9% YoY
• ▍Free cash flow −148,8% YoY
• ▍Net margin 5.7%

Revenue THB 52.07B, +37,1% YoY; Operating income +36,5% YoY.

• ▍Revenue THB 52.07B, +37,1% YoY
• ▍Operating income +36,5% YoY
• ▍Net income +37,0% YoY
• ▍Free cash flow −7,9% YoY
• ▍Net margin 47.3%