Ubon Bio Ethanol PCL

Ubon Bio Ethanol PCL maintains a strong liquidity position with a current ratio of 5.0, significantly above the industry median of 1.8, and a low debt-to-equity ratio of 0.06, well below the sector average of 0.45. However, the company reports negative net cash of -170 THB, a red flag in its liquidity profile [doc:HA-latest]. Profitability metrics show the company is underperforming relative to industry benchmarks. Return on equity is -1.8%, and return on assets is -1.56%, both far below the cohort median of 8.2% and 6.5%, respectively. Operating income is negative at -3.15 million THB, and net income is -103.09 million THB, indicating operational challenges [doc:HA-latest]. The company's revenue is concentrated across four segments: Tapioca Starch, Biogas and Electricity, Ethanol, and Restaurant management. Tapioca Starch and Ethanol are the largest contributors, but the restaurant segment's performance is not disclosed in the financial snapshot. Geographic exposure is not specified, but the company operates primarily in Thailand [doc:HA-latest]. Outlook data indicates a challenging near-term trajectory. Revenue is projected to decline by 12% in the current fiscal year, with a further 8% contraction expected in the next fiscal year. This follows a recent revenue decline from 5.2 billion THB to 5.19 billion THB, reflecting market headwinds in ethanol and starch demand [doc:HA-latest]. Risk factors include liquidity constraints and potential dilution from capital raising activities. The company has a low dilution risk score, but the negative net cash position raises concerns about short-term solvency. No recent dilutive events are reported, but the company may need to raise capital to fund operations or expansion [doc:HA-latest]. Recent filings and transcripts do not disclose material events, but the company's ESG governance score of 33.5 and controversies score of 100.0 suggest ongoing governance and reputational risks. These scores are among the lowest in the sector, indicating potential regulatory or stakeholder scrutiny [doc:HA-latest].