Oceanic Beverages Co Inc

Oceanic Beverages Co Inc exhibits a highly leveraged capital structure, with a debt-to-equity ratio of 2.18, indicating significant reliance on debt financing. The company's liquidity position is weak, as evidenced by a current ratio of 0.1, and negative free cash flow of -21.15 million TWD, which suggests insufficient operating cash to cover short-term obligations. The negative operating cash flow of -44.19 million TWD further highlights the company's cash flow challenges.

Profitability metrics are deeply negative, with a return on equity of -12.11% and a return on assets of -3.00%, both well below industry norms for non-alcoholic beverage producers. The company reported a net loss of 24.55 million TWD, with operating income also in negative territory at -25.77 million TWD. Gross profit is negative at -16.77 million TWD, indicating that the company is struggling to cover the cost of goods sold.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of diversification increases exposure to regional economic downturns or supply chain disruptions.

Growth prospects appear constrained, with the company reporting a revenue of 333.48 million TWD in the latest period. Analyst estimates for revenue and earnings are not indicative of a recovery, with the last actual revenue at 656.28 million TWD, suggesting a potential decline in performance.

The company faces significant risk from its liquidity position, with negative net cash after subtracting total debt. While dilution risk is currently assessed as low, the company's capital structure and negative cash flows could necessitate future equity issuance, which would increase dilution potential.

Recent financial filings and transcripts do not indicate any material events or strategic shifts that would alter the company's current trajectory. The absence of positive operational or financial developments suggests a continuation of the current performance trend.

Revenue grew 44.1% year-over-year, indicating significant top-line expansion despite ongoing profitability challenges.

Cash conversion ratio of 1.8 exceeds the cohort median of 1.59, suggesting relatively efficient cash generation.

Capex to revenue ratio of -0.01 ranks in the top quartile, implying minimal capital expenditure requirements.

Debt-to-equity ratio of 2.18 is drastically higher than the cohort median of 0.18, signaling high leverage risk.

The company faces high credit risk and medium liquidity risk, posing significant financial stability concerns.

Revenue TWD 91.6M, +43,8% YoY; Operating income +25,7% YoY.

• ▍Revenue TWD 91.6M, +43,8% YoY
• ▍Operating income +25,7% YoY
• ▍Net income +38,0% YoY
• ▍Free cash flow +49,9% YoY
• ▍Net margin -12.1%

Revenue TWD 70.6M, +36,7% YoY; Operating income +47,0% YoY.

• ▍Revenue TWD 70.6M, +36,7% YoY
• ▍Operating income +47,0% YoY
• ▍Net income −102,2% YoY
• ▍Free cash flow −101,8% YoY
• ▍Net margin -16.3%

Revenue TWD 69.1M, +64,8% YoY; Operating income +48,1% YoY.

• ▍Revenue TWD 69.1M, +64,8% YoY
• ▍Operating income +48,1% YoY
• ▍Net income −20 769,3% YoY
• ▍Free cash flow −400,2% YoY
• ▍Net margin -18.7%

Revenue TWD 66.1M, +98,3% YoY; Operating income +46,7% YoY.

• ▍Revenue TWD 66.1M, +98,3% YoY
• ▍Operating income +46,7% YoY
• ▍Net income +47,9% YoY
• ▍Free cash flow +54,0% YoY
• ▍Net margin -19.3%

Revenue TWD 297.4M, +56,1% YoY; Operating income +43,6% YoY.

• ▍Revenue TWD 297.4M, +56,1% YoY
• ▍Operating income +43,6% YoY
• ▍Net income −109,8% YoY
• ▍Free cash flow −111,4% YoY
• ▍Net margin -16.3%

Revenue TWD 190.5M, +57,9% YoY; Operating income +39,9% YoY.

• ▍Revenue TWD 190.5M, +57,9% YoY
• ▍Operating income +39,9% YoY
• ▍Net income +455,6% YoY
• ▍Free cash flow +495,2% YoY
• ▍Net margin 258.8%

Revenue TWD 120.7M, −69,4% YoY; Operating income −110,5% YoY.

• ▍Revenue TWD 120.7M, −69,4% YoY
• ▍Operating income −110,5% YoY
• ▍Net income −83,0% YoY
• ▍Free cash flow −89,3% YoY
• ▍Net margin -114.9%

Revenue TWD 393.9M, −8,0% YoY; Operating income −0,5% YoY.

• ▍Revenue TWD 393.9M, −8,0% YoY
• ▍Operating income −0,5% YoY
• ▍Net income +19,7% YoY
• ▍Free cash flow +22,9% YoY
• ▍Net margin -19.2%