Tipco Foods PCL

Tipco Foods PCL has a market price of 6.15 THB per share, with a market capitalization of 2,967,864,786 THB. The company's price-to-book ratio is 0.71, indicating that the market value is trading below the book value of its equity. The enterprise value to revenue ratio is 9.52, suggesting that the company is valued at a multiple of its revenue. However, the enterprise value to EBITDA ratio is negative at -371.44, reflecting the company's current operating losses.

The company's profitability is underperforming, with a return on equity of -1.61% and a return on assets of -1.06%. These negative returns indicate that the company is not generating profits relative to its equity or asset base. The gross profit margin is 28.82%, but the operating margin is negative at -2.56%, and the net margin is also negative at -14.41%. These figures suggest that the company is struggling to convert its revenue into profit.

Tipco Foods PCL's revenue is concentrated in a single business segment, with no disclosed geographic diversification. The company's revenue is entirely derived from its food processing operations, and there is no information provided on regional revenue distribution. This lack of diversification could expose the company to higher risks if demand for its products declines in its primary market.

The company's growth trajectory is negative, with a net income of -67,146,000 THB and an operating income of -11,948,000 THB. The company's free cash flow is negative at -19,868,000 THB, and its capital expenditure is -44,217,000 THB. These figures indicate that the company is not generating sufficient cash flow to support its operations and investments. The outlook for the current fiscal year is negative, with no positive revenue growth expected.

The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag is that the company has negative net cash after subtracting total debt, which could impact its ability to meet short-term obligations. The debt-to-equity ratio is 0.36, and the current ratio is 0.75, both of which suggest that the company has a relatively low level of debt but may face liquidity challenges.

Recent events and filings do not provide specific details on the company's operations or financial performance. The company's financial statements show a decline in profitability and liquidity, but there is no information on recent strategic initiatives or operational changes that could address these issues. The company's management has not disclosed any plans to improve its financial position or reduce its debt burden.

Operating income surged 224.7% year-over-year to THB 105.5 million, signaling a strong operational turnaround.

Free cash flow grew 63.2% to THB 262 million, demonstrating improved cash generation capabilities.

Gross profit expanded to THB 730.1 million, indicating resilience in core production margins despite revenue fluctuations.

Long-term debt decreased to THB 1.28 billion, reflecting a prudent deleveraging strategy and improved balance sheet health.

The debt-to-equity ratio of 0.36 remains below the food processing cohort median of 0.32.

Return on equity of -1.61% falls in the bottom quartile, indicating poor capital efficiency relative to peers.

The company faces high credit risk, posing significant potential threats to financial stability and borrowing costs.

Cash conversion of -0.76 is in the bottom quartile, suggesting weak ability to turn earnings into cash.

Revenue THB 488.2M, +6,9% YoY; Operating income +126,0% YoY.

• ▍Revenue THB 488.2M, +6,9% YoY
• ▍Operating income +126,0% YoY
• ▍Net income +178,8% YoY
• ▍Free cash flow −64,2% YoY
• ▍Net margin 4.7%

Revenue THB 481.2M, −26,1% YoY; Operating income +166,9% YoY.

• ▍Revenue THB 481.2M, −26,1% YoY
• ▍Operating income +166,9% YoY
• ▍Net income +352,7% YoY
• ▍Free cash flow +119,0% YoY
• ▍Net margin 18.0%

Revenue THB 517.4M, +11,0% YoY; Operating income +428,6% YoY.

• ▍Revenue THB 517.4M, +11,0% YoY
• ▍Operating income +428,6% YoY
• ▍Net income +265,0% YoY
• ▍Free cash flow +770,0% YoY
• ▍Net margin 21.4%

Revenue THB 456.8M; Operating income -THB 54.0M.

• ▍Revenue THB 456.8M
• ▍Operating income -THB 54.0M
• ▍Net margin -6.4%

Revenue THB 651.3M; Operating income -THB 37.8M.

• ▍Revenue THB 651.3M
• ▍Operating income -THB 37.8M
• ▍Net margin -5.3%

Revenue THB 2.00B, +3,3% YoY; Operating income +87,2% YoY.

• ▍Revenue THB 2.00B, +3,3% YoY
• ▍Operating income +87,2% YoY
• ▍Net income −137,5% YoY
• ▍Free cash flow −120,5% YoY
• ▍Net margin -4.6%

Revenue THB 2.90B, +19,3% YoY; Operating income −295,4% YoY.

• ▍Revenue THB 2.90B, +19,3% YoY
• ▍Operating income −295,4% YoY
• ▍Net income −34,7% YoY
• ▍Free cash flow −51,3% YoY
• ▍Net margin 9.7%