SG Capital PCL

SG Capital PCL maintains a liquidity position that is slightly constrained, as evidenced by a current ratio of 0.96, indicating that its current liabilities exceed its current assets. The company's liquidity_fpt metric shows a net cash position of negative THB 9,773,168,000, which is the result of subtracting total debt from cash and equivalents. This suggests that the company may need to rely on external financing or asset sales to meet short-term obligations.

Profitability metrics for SG Capital PCL are below the typical thresholds for a financial institution. The return on equity (ROE) is 0.57%, and the return on assets (ROA) is 0.13%. These figures are significantly lower than the industry norms for consumer lending, which typically require ROE above 10% and ROA above 1% to be considered competitive. The company's net income of THB 179,050,000 is also relatively modest compared to its operating income of THB 299,117,000, indicating that operating expenses are consuming a large portion of its earnings.

The company's capital structure is heavily leveraged, with a debt-to-equity ratio of 3.31. This suggests that the company is financed predominantly through debt, which increases its financial risk. The long-term debt of THB 10,397,420,000 is a significant portion of its total liabilities, and the company's total equity of THB 3,139,349,000 is relatively small in comparison. This capital structure may limit the company's flexibility in responding to market changes or economic downturns.

SG Capital PCL's growth trajectory appears to be modest. The company's revenue for the latest period is THB 424,331,000, and while it has a positive operating cash flow of THB 332,843,000, its free cash flow is only THB 22,591,000. This limited free cash flow may restrict the company's ability to invest in new opportunities or expand its operations. The company's capital expenditure is negative, indicating that it is not investing in new assets, which could be a sign of cost-cutting or a lack of growth initiatives.

The risk assessment for SG Capital PCL highlights several concerns. The company's liquidity risk is rated as medium, and its dilution risk is low. However, the key flag of negative net cash after subtracting total debt is a significant red flag. This suggests that the company may face challenges in maintaining its liquidity position without additional financing. The dilution potential is also a concern, as the company's diluted shares are the same as its basic shares, indicating no immediate dilution pressure. However, the company's reliance on debt financing could increase the risk of future dilution if it needs to raise additional capital.

Recent events and filings for SG Capital PCL do not indicate any major changes in its business operations or financial strategy. The company's latest financial report does not mention any significant new initiatives or strategic shifts. However, the company's reliance on debt financing and its limited free cash flow suggest that it may need to explore new sources of capital or cost-saving measures to improve its financial position.

Revenue surged 52.4% year-over-year to THB 2.76 billion, demonstrating strong top-line growth momentum in the latest fiscal period.

Net income jumped 286.9% year-over-year to THB 350 million, indicating a significant recovery in profitability from the prior year.

Free cash flow increased 228.9% year-over-year to THB 368 million, highlighting improved cash generation capabilities for the business.

Cash conversion ratio of 18.59 ranks as best-in-class within the consumer lending cohort, significantly outperforming the median of 0.16.

Return on equity of 0.57% falls into the bottom quartile of the consumer lending cohort, signaling poor capital efficiency relative to peers.

The company faces a high credit risk flag, indicating potential vulnerabilities in its loan portfolio or counterparty exposures.

Debt-to-equity ratio of 3.31 is in the bottom quartile of the cohort, reflecting higher financial leverage than most peers.

Revenue THB 2.40B, +38,2% YoY; Operating income +39,3% YoY.

• ▍Revenue THB 2.40B, +38,2% YoY
• ▍Operating income +39,3% YoY
• ▍Net income +12,5% YoY
• ▍Free cash flow −61,3% YoY
• ▍Net margin 27.8%