General Engineering PCL

General Engineering PCL exhibits a weak capital structure and liquidity position, with a price-to-book ratio of 0.08 and a current ratio of 0.69, indicating that the company's current liabilities exceed its current assets. The company's liquidity risk is rated as medium, and its free cash flow is minimal at 5.96 million THB, suggesting limited capacity to fund operations or debt obligations without external financing.

Profitability metrics are underperforming relative to industry norms, with a negative return on equity of -2.41% and a negative return on assets of -0.78%. The company reported a net loss of 80.44 million THB, and its operating income of 11.25 million THB is significantly lower than its gross profit of 160.63 million THB, indicating high operating expenses or inefficiencies.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification, which increases exposure to regional economic fluctuations. The company's revenue of 993.98 million THB is derived from its core construction materials business, with no material contributions from other segments.

The company's growth trajectory is negative, with a net loss of 80.44 million THB and a free cash flow of 5.96 million THB, suggesting declining operational performance. The company's capital expenditure of -29.28 million THB indicates a reduction in investment in long-term assets, which may affect future growth potential.

The company faces significant financial risks, including a high debt-to-equity ratio of 1.4 and a negative net cash position after subtracting total debt. The risk of dilution is rated as low, but the company's liquidity risk remains a concern due to its weak cash flow and high leverage.

Recent financial filings indicate a net loss and negative operating cash flow, with no material events disclosed in the latest transcripts or filings that would suggest a turnaround in performance.

The company maintains a positive return on invested capital of 0.14%, indicating minimal but positive value creation relative to peers.

Capital expenditure intensity is above the cohort median, suggesting the company is investing in future growth opportunities despite current losses.

The company faces high credit risk and carries a net debt to EBITDA ratio of 5.97, signaling significant financial distress.

Return on equity of -2.41% ranks in the bottom quartile of the cohort, showing poor returns for shareholders compared to peers.

Revenue THB 251.8M, −71,6% YoY; Operating income −27,3% YoY.

• ▍Revenue THB 251.8M, −71,6% YoY
• ▍Operating income −27,3% YoY
• ▍Net income +31,9% YoY
• ▍Free cash flow +32,2% YoY
• ▍Net margin -54.9%

Revenue THB 455.6M, −56,3% YoY; Operating income −101,0% YoY.

• ▍Revenue THB 455.6M, −56,3% YoY
• ▍Operating income −101,0% YoY
• ▍Net income −22,4% YoY
• ▍Free cash flow −1 107,7% YoY
• ▍Net margin -24.8%

Revenue THB 670.0M, −15,4% YoY; Operating income −69,7% YoY.

• ▍Revenue THB 670.0M, −15,4% YoY
• ▍Operating income −69,7% YoY
• ▍Net income −35,2% YoY
• ▍Free cash flow −1 122,1% YoY
• ▍Net margin -19.9%

Revenue THB 754.1M, −24,1% YoY; Operating income −625,2% YoY.

• ▍Revenue THB 754.1M, −24,1% YoY
• ▍Operating income −625,2% YoY
• ▍Net income −2,9% YoY
• ▍Free cash flow −258,7% YoY
• ▍Net margin -11.0%

Revenue THB 886.3M; Operating income -THB 73.5M.

• ▍Revenue THB 886.3M
• ▍Operating income -THB 73.5M
• ▍Net margin -22.9%

Revenue THB 1.04B; Operating income -THB 42.3M.

• ▍Revenue THB 1.04B
• ▍Operating income -THB 42.3M
• ▍Net margin -8.8%

Revenue THB 791.8M; Operating income -THB 50.7M.

• ▍Revenue THB 791.8M
• ▍Operating income -THB 50.7M
• ▍Net margin -12.5%

Revenue THB 994.0M; Operating income THB 11.3M.

• ▍Revenue THB 994.0M
• ▍Operating income THB 11.3M
• ▍Net margin -8.1%

Revenue THB 2.13B, −42,6% YoY; Operating income −103,2% YoY.

• ▍Revenue THB 2.13B, −42,6% YoY
• ▍Operating income −103,2% YoY
• ▍Net income +1,5% YoY
• ▍Free cash flow −88,7% YoY
• ▍Net margin -21.9%

Revenue THB 3.71B, −9,5% YoY; Operating income −129,8% YoY.

• ▍Revenue THB 3.71B, −9,5% YoY
• ▍Operating income −129,8% YoY
• ▍Net income −3,2% YoY
• ▍Free cash flow +51,5% YoY
• ▍Net margin -12.8%

Revenue THB 4.11B, +48,2% YoY; Operating income −16 108,8% YoY.

• ▍Revenue THB 4.11B, +48,2% YoY
• ▍Operating income −16 108,8% YoY
• ▍Net income −226,5% YoY
• ▍Free cash flow −61,2% YoY
• ▍Net margin -11.2%

Revenue THB 2.77B, +66,7% YoY; Operating income +99,3% YoY.

• ▍Revenue THB 2.77B, +66,7% YoY
• ▍Operating income +99,3% YoY
• ▍Net income −50,7% YoY
• ▍Free cash flow −93,0% YoY
• ▍Net margin -5.1%