S 11 Group PCL

Capital Structure and Liquidity S 11 Group PCL maintains a debt-to-equity ratio of 0.71, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.66, suggesting it can cover short-term obligations but with limited excess capacity. The company's cash and equivalents amount to 585,510 THB, which is significantly lower than its long-term debt of 2,568,423,190 THB, resulting in a negative net cash position. ### Profitability and Returns The company's return on equity (ROE) is 10.31%, and its return on assets (ROA) is 5.77%, both of which are above the industry median for consumer lending firms. The price-to-earnings (PE) ratio of 6.19 and price-to-book (PB) ratio of 0.64 suggest the stock is trading at a discount relative to its book value and earnings, potentially indicating undervaluation. ### Segments and Geographic Exposure S 11 Group PCL operates as a single business segment focused on motorcycle hire purchase and personal loans. The company has nine branches across Thailand, including Chonburi, Ayudhya, and Rayong, indicating a regional focus. There is no disclosed revenue concentration by segment or geography, but the company's operations are entirely within Thailand, exposing it to local economic and regulatory conditions. ### Growth Trajectory The company's revenue for the latest period was 1,064,816,480 THB, with a net income of 374,051,150 THB. Analyst estimates suggest a revenue of 1,999,720,310 THB, indicating a potential growth rate of 87.8% year-over-year. However, the company's capital expenditure is negative at -14,039,860 THB, suggesting no significant investment in new assets. ### Risk Factors and Dilution The company faces medium liquidity risk due to its negative net cash position. The risk of dilution is assessed as low, with no near-term pressure expected. The company has not issued additional shares recently, and there is no indication of a dilutive event in the near future. ### Recent Events The company's latest annual report discloses its financial performance and operational strategy. There are no recent filings or transcripts indicating significant changes in the company's business model or risk profile.