Xspring Capital PCL

Xspring Capital PCL maintains a strong liquidity position, with a current ratio of 15.83, indicating a significant buffer of current assets over current liabilities. The company's cash and equivalents amount to 865.7 million THB, which is a substantial portion of its total assets of 11,493.3 million THB. The liquidity_fpt metric confirms that the firm is well-positioned to meet short-term obligations without relying on external financing.

Profitability metrics show that the company's return on equity (ROE) is 0.47%, and return on assets (ROA) is 0.44%, both of which are below the industry median for investment banking and brokerage services. This suggests that the company is not generating returns at a level that is typical for its sector. The net income of 50.7 million THB for the period reflects a modest profit margin, with operating income at 48.2 million THB and gross profit at 203.3 million THB.

The company's revenue is concentrated in its core investment banking and brokerage services, with no disclosed segment breakdown. Geographically, the firm operates primarily in Thailand, and there is no indication of significant international exposure in the provided data. This concentration may limit diversification benefits and increase vulnerability to local economic conditions.

Looking ahead, the company's growth trajectory appears to be modest. The outlook for the current fiscal year does not indicate a significant change in revenue, and there is no disclosed capital expenditure plan that would suggest aggressive expansion. The company's operating cash flow of 159.6 million THB and free cash flow of 66.2 million THB support a stable but not rapidly growing business model.

Risk factors for Xspring Capital PCL are currently assessed as low in terms of liquidity and dilution. The company has no immediate filing-based liquidity or dilution flags, and the debt-to-equity ratio is 0.01, indicating a very low level of leverage. The dilution potential is also low, with no recent issuance or shelf registration activity reported. The company's capital structure is conservative, with long-term debt at 131.2 million THB and total equity at 10,815.4 million THB.

Recent events and filings do not indicate any material changes in the company's operations or financial position. The latest actual EPS was reported at 0.02 THB, which is consistent with the company's modest profitability profile. There are no disclosed regulatory or legal proceedings that would suggest near-term operational disruption.

Revenue grew 15.4% year-over-year to THB 1.02 billion, demonstrating strong top-line expansion momentum.

Debt-to-equity ratio of 0.01 is in the top quartile, reflecting a highly conservative capital structure.

Cash conversion ratio of 3.15 significantly exceeds the 0.24 cohort median, showing exceptional cash generation.

Return on equity of 0.47% falls in the bottom quartile, signaling poor capital efficiency compared to peers.

Return on assets of 0.44% is significantly below the 4.0% cohort median, indicating weak asset utilization.

Free cash flow growth stalled at 0.4% year-over-year, suggesting limited expansion in cash generation.

Total assets grew only 3.0% over four years, indicating slow balance sheet expansion relative to revenue.

Equity growth of 3.4% over four years is modest, limiting potential for organic value creation.

Revenue THB 228.0M; Operating income THB 48.2M.

• ▍Revenue THB 228.0M
• ▍Operating income THB 48.2M
• ▍Net margin 22.2%

Revenue THB 621.7M, +579,0% YoY; Operating income +129,4% YoY.

• ▍Revenue THB 621.7M, +579,0% YoY
• ▍Operating income +129,4% YoY
• ▍Net income +162,0% YoY
• ▍Free cash flow +137,9% YoY
• ▍Net margin 17.1%

Revenue THB 91.6M, −39,2% YoY; Operating income −114,2% YoY.

• ▍Revenue THB 91.6M, −39,2% YoY
• ▍Operating income −114,2% YoY
• ▍Net income −294,2% YoY
• ▍Free cash flow −1 567,7% YoY
• ▍Net margin -186.9%

Revenue THB 150.6M; Operating income -THB 113.4M.

• ▍Revenue THB 150.6M
• ▍Operating income -THB 113.4M
• ▍Net margin 58.5%