Charn Issara Development PCL

Charn Issara Development PCL has a liquidity ratio of 1.61, indicating a moderate ability to meet short-term obligations, supported by operating cash flow of 1,196,257,000 THB. However, the company's debt-to-equity ratio of 4.14 suggests a high reliance on debt financing, which could pose a risk to its financial stability.

The company's profitability is modest, with a return on equity of 1.33% and a return on assets of 0.18%. These figures are below the industry median for real estate development firms, indicating that the company is not generating strong returns relative to its equity and asset base.

Geographically, Charn Issara Development PCL's revenue is concentrated in its domestic market, with no disclosed international operations. The company's revenue is primarily derived from property development and management, with no material diversification across business segments.

Looking ahead, the company's revenue is expected to grow, with analysts reporting a last actual revenue of 1,056,322,000 THB. However, the company's capital expenditures are minimal, suggesting a conservative approach to expansion. The company's free cash flow of 118,958,000 THB provides some flexibility for reinvestment or shareholder returns.

The company faces moderate liquidity risk, with a current ratio of 1.61 and a negative net cash position after subtracting total debt. The risk of dilution is low, as the company has not issued additional shares recently, and there is no indication of a pending equity offering.

Recent financial filings show that the company has maintained a stable financial position, with no major events reported in the latest disclosures. The company's operating cash flow remains positive, and there are no immediate signs of financial distress.

Cash conversion of 56.23% ranks best-in-class against the 0.29% cohort median, demonstrating strong cash generation capabilities.

Analysts maintain a buy recommendation with a mean price target of 337.24, implying substantial upside potential.

Dilution risk is assessed as low, suggesting limited near-term threat to existing shareholder equity value.

Interest coverage of 6.57x indicates the company generates sufficient operating income to service its debt obligations.

Debt-to-equity ratio of 4.14 places the company in the bottom quartile, signaling excessive leverage compared to peers.

Credit risk is flagged as high, reflecting significant concerns regarding the company's ability to meet financial obligations.

Liquidity risk is rated medium, with a current ratio of 0.85 suggesting potential short-term solvency challenges.

Revenue THB 356.4M, −51,4% YoY; Operating income −188,1% YoY.

• ▍Revenue THB 356.4M, −51,4% YoY
• ▍Operating income −188,1% YoY
• ▍Net income −42,1% YoY
• ▍Free cash flow −682,1% YoY
• ▍Net margin -29.4%

Revenue THB 545.3M, −4,2% YoY; Operating income +1 046,4% YoY.

• ▍Revenue THB 545.3M, −4,2% YoY
• ▍Operating income +1 046,4% YoY
• ▍Net income +54,5% YoY
• ▍Free cash flow +394,9% YoY
• ▍Net margin -6.7%

Revenue THB 290.2M, −53,6% YoY; Operating income −73,0% YoY.

• ▍Revenue THB 290.2M, −53,6% YoY
• ▍Operating income −73,0% YoY
• ▍Net income +40,2% YoY
• ▍Free cash flow +24,3% YoY
• ▍Net margin -27.0%

Revenue THB 569.7M, −33,1% YoY; Operating income −34,6% YoY.

• ▍Revenue THB 569.7M, −33,1% YoY
• ▍Operating income −34,6% YoY
• ▍Net income −300,3% YoY
• ▍Free cash flow −79,8% YoY
• ▍Net margin -7.5%

Revenue THB 569.0M; Operating income THB 4.9M.

• ▍Revenue THB 569.0M
• ▍Operating income THB 4.9M
• ▍Net margin -14.2%

Revenue THB 732.6M; Operating income THB 40.6M.

• ▍Revenue THB 732.6M
• ▍Operating income THB 40.6M
• ▍Net margin -10.1%

Revenue THB 626.0M; Operating income -THB 19.9M.

• ▍Revenue THB 626.0M
• ▍Operating income -THB 19.9M
• ▍Net margin -21.0%

Revenue THB 851.6M; Operating income THB 169.0M.

• ▍Revenue THB 851.6M
• ▍Operating income THB 169.0M
• ▍Net margin 2.5%

Revenue THB 1.76B, −36,6% YoY; Operating income −50,3% YoY.

• ▍Revenue THB 1.76B, −36,6% YoY
• ▍Operating income −50,3% YoY
• ▍Net income +0,7% YoY
• ▍Free cash flow −270,2% YoY
• ▍Net margin -14.9%

Revenue THB 2.78B, +47,2% YoY; Operating income +0,5% YoY.

• ▍Revenue THB 2.78B, +47,2% YoY
• ▍Operating income +0,5% YoY
• ▍Net income −19,3% YoY
• ▍Free cash flow +190,1% YoY
• ▍Net margin -9.5%

Revenue THB 1.89B, −3,5% YoY; Operating income +5 269,1% YoY.

• ▍Revenue THB 1.89B, −3,5% YoY
• ▍Operating income +5 269,1% YoY
• ▍Net income −10,9% YoY
• ▍Free cash flow −171,7% YoY
• ▍Net margin -11.7%

Revenue THB 1.96B, +2,0% YoY; Operating income −98,2% YoY.

• ▍Revenue THB 1.96B, +2,0% YoY
• ▍Operating income −98,2% YoY
• ▍Net income −347,8% YoY
• ▍Free cash flow +116,6% YoY
• ▍Net margin -10.2%