Saksiam Leasing PCL
Saksiam Leasing PCL operates in the Consumer Finance industry within the Financials sector, generating revenue primarily through leasing and consumer finance activities.
Business. Saksiam Leasing PCL (SAK.BK) is a consumer finance company headquartered in Thailand. The firm is primarily listed on the Stock Exchange of Thailand (SET). As segment and geographic breakdowns are not provided, the company is described at the industry level within the financials sector. Its business activities focus on consumer finance operations.
Analyst recommendations
2 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Saksiam Leasing PCL (SAK.BK) is a consumer finance company headquartered in Thailand. The firm is primarily listed on the Stock Exchange of Thailand (SET). As segment and geographic breakdowns are not provided, the company is described at the industry level within the financials sector. Its business activities focus on consumer finance operations.
Saksiam Leasing PCL maintains a capital structure characterized by significant leverage, with long-term debt of 8.41 billion THB against total equity of 6.84 billion THB, resulting in a debt-to-equity ratio of 1.23. The company holds a current ratio of 1.47, indicating adequate short-term liquidity to cover immediate obligations. Operating cash flow stands at 1.24 billion THB, while free cash flow is 544.6 million THB, reflecting capital expenditures of 55.0 million THB. The balance sheet shows total assets of 15.64 billion THB and total liabilities of 8.80 billion THB.
Profitability metrics indicate a return on equity of 12.73% and a return on assets of 5.57%. The company reports a net income of 881.1 million THB on revenue of 3.32 billion THB, yielding a gross profit of 3.28 billion THB and operating income of 1.46 billion THB. The high gross profit relative to revenue suggests a business model with low direct cost of goods sold, typical of financial services where interest income is the primary revenue driver.
Segment and geographic data are not provided in the available input, preventing a detailed analysis of revenue concentration by business line or region. The company's operations are broadly categorized under Consumer Finance, implying exposure to consumer credit cycles and interest rate environments.
Historical period data is absent from the input, limiting the ability to assess growth trajectories or trend consistency in revenue and net income over the past five years or eight quarters. The current financial snapshot provides a static view of performance without comparative historical context.
Risk assessment identifies medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting reliance on debt financing. The company has 2.096 billion shares outstanding, with no difference between basic and diluted shares, suggesting no immediate dilutive securities are currently impacting the share count.
Recent observations include analyst estimates with a mean price target of 3.84 THB and a median of 3.53 THB, against a current market price of 3.28 THB. The mean recommendation is 3.00, indicating a neutral stance, with two hold ratings and no buy or strong buy recommendations. The high price target is 4.60 THB, and the low is 3.40 THB.
- The company trades at a P/E of 7.89 and P/B of 1.0, suggesting valuation is aligned with book value and earnings are modestly priced.
- High leverage is evident with a debt-to-equity ratio of 1.23 and long-term debt exceeding total equity.
- Analyst sentiment is neutral with a mean recommendation of 3.00 and a mean price target of 3.84 THB, implying potential upside from the current 3.28 THB price.
- Free cash flow of 544.6 million THB is positive, supported by operating cash flow of 1.24 billion THB and low capital expenditures.
- Dilution risk is assessed as low, with no difference between basic and diluted shares outstanding.
Bull / Bear case
Generated · model-assistedRevenue grew at a 15.9% CAGR over four years, demonstrating strong top-line expansion for the leasing company.
Net income CAGR of 9.7% over four years shows consistent bottom-line growth despite rising debt levels.
Cash conversion ratio of 1.43 is well above the 0.47 cohort median, reflecting high earnings quality.
Free cash flow declined 12.0% year-over-year in FY2026, signaling weakening cash generation capabilities.
Long-term debt surged to 8.4 billion THB in FY2026, raising significant leverage and refinancing risks.
The company faces a high credit risk flag, suggesting potential vulnerabilities in its loan portfolio quality.
Medium liquidity risk flags indicate potential challenges in meeting short-term financial obligations promptly.
In focus — financials by report
Revenue THB 824.2M; Operating income THB 385.2M.
- ▍Revenue THB 824.2M
- ▍Operating income THB 385.2M
- ▍Net margin 28.0%
Revenue THB 809.0M; Operating income THB 369.5M.
- ▍Revenue THB 809.0M
- ▍Operating income THB 369.5M
- ▍Net margin 26.6%
Revenue THB 751.1M; Operating income THB 338.0M.
- ▍Revenue THB 751.1M
- ▍Operating income THB 338.0M
- ▍Net margin 26.6%
Revenue THB 3.32B, +6,9% YoY; Operating income +3,2% YoY.
- ▍Revenue THB 3.32B, +6,9% YoY
- ▍Operating income +3,2% YoY
- ▍Net income +4,8% YoY
- ▍Free cash flow −12,0% YoY
- ▍Net margin 26.6%
Revenue THB 3.10B, +13,9% YoY; Operating income +14,7% YoY.
- ▍Revenue THB 3.10B, +13,9% YoY
- ▍Operating income +14,7% YoY
- ▍Net income +12,1% YoY
- ▍Free cash flow +17,7% YoY
- ▍Net margin 27.1%
Revenue THB 2.72B, +16,9% YoY; Operating income +17,3% YoY.
- ▍Revenue THB 2.72B, +16,9% YoY
- ▍Operating income +17,3% YoY
- ▍Net income +5,3% YoY
- ▍Free cash flow +9,2% YoY
- ▍Net margin 27.5%
Revenue THB 2.33B, +26,7% YoY; Operating income +23,5% YoY.
- ▍Revenue THB 2.33B, +26,7% YoY
- ▍Operating income +23,5% YoY
- ▍Net income +17,2% YoY
- ▍Free cash flow +10,9% YoY
- ▍Net margin 30.6%
Revenue THB 1.84B; Operating income THB 853.6M.
- ▍Revenue THB 1.84B
- ▍Operating income THB 853.6M
- ▍Net margin 33.0%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,42 |
| Revenue | —no estimate | —no estimate | 3,0B THB |
| Operating income | —no estimate | —no estimate | 1,3B THB |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Return On Equitynet_income / total_equity
- Enterprise Valuemarket_cap - net_cash
- Ev To Revenueenterprise_value / revenue
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Saksiam Leasing PCL Market data — financials · 2026-07-24
- Saksiam Leasing PCL Market data — analyst estimates · 2026-07-24
- Saksiam Leasing PCL Market data — ESG · 2026-07-24
Ownership & reference
Leadership
- Phoonsak BoonsaleeChief Executive Officer, Executive Director