Synergetic Auto Performance PCL

Synergetic Auto Performance PCL has a liquidity risk profile marked by a debt-to-equity ratio of 8.82 and a current ratio of 0.78, indicating a high reliance on long-term debt and limited short-term liquidity. The company's price-to-book ratio of 1.91 and price-to-tangible-book ratio of 1.91 suggest that the market values the company at a premium to its book value, but this is not supported by strong asset returns. The operating cash flow is negative at -1,396,388,000 THB, while free cash flow is positive at 260,709,000 THB, indicating that capital expenditures are modest and not a major drain on liquidity.

Profitability metrics are weak compared to industry norms, with a return on equity of 2.66% and a return on assets of 0.26%. The company's operating income of 163,692,000 THB and net income of 23,110,000 THB are low relative to its revenue of 4,111,993,000 THB, suggesting inefficiencies in cost management or pricing power. The gross profit margin of 6.82% (280,574,000 THB / 4,111,993,000 THB) is below the industry median, indicating potential challenges in maintaining profitability in a competitive market.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or regulatory changes that could impact the transportation sector. The absence of segment-specific financial data limits the ability to assess the performance of individual business lines or geographic regions.

The company's growth trajectory is uncertain, with no disclosed revenue growth rates or future projections. The current fiscal year outlook does not provide specific numeric deltas for revenue or earnings, making it difficult to assess the company's growth potential. The capital expenditure of -3,098,000 THB is minimal, suggesting limited investment in future growth or operational expansion.

The risk assessment highlights a medium liquidity risk and a low dilution risk. The company's net cash position is negative after subtracting total debt, which could constrain its ability to fund operations or invest in growth opportunities. The low dilution risk is supported by the absence of recent share issuance or dilutive events, but the high debt-to-equity ratio suggests that the company may need to raise additional capital in the future.

Recent filings and transcripts do not provide specific details on the company's strategic initiatives or operational performance. The lack of detailed disclosures limits the ability to assess the company's competitive position or long-term viability. The company's financial statements do not include recent events or management commentary that could provide insight into its future direction.

Revenue surged 104.8% year-over-year to THB 8.6 billion, demonstrating significant top-line growth momentum in the latest fiscal period.

Operating income expanded by 223.1% year-over-year, indicating a substantial improvement in core operational profitability and efficiency.

The company returned to net profitability with THB 51.4 million net income, reversing previous losses and stabilizing earnings.

Long-term debt decreased to THB 6.1 billion from THB 8.2 billion, reflecting a deliberate deleveraging strategy and improved balance sheet health.

Revenue grew at a 23.6% compound annual growth rate over four years, showing consistent long-term expansion despite recent volatility.

The debt-to-equity ratio stands at 8.82, placing the company in the bottom quartile of its peer cohort and signaling extreme leverage risk.

Credit risk is flagged as high, suggesting significant potential for financial distress or default given the company's heavy debt burden.

Net margin of 0.56% is well below the cohort median of 5.2%, indicating weak profitability relative to industry peers.

Revenue THB 2.54B, +176,3% YoY; Operating income +641,3% YoY.

• ▍Revenue THB 2.54B, +176,3% YoY
• ▍Operating income +641,3% YoY
• ▍Net income +308,1% YoY
• ▍Free cash flow +47,9% YoY
• ▍Net margin 2.9%

Revenue THB 2.11B, +32,9% YoY; Operating income −48,8% YoY.

• ▍Revenue THB 2.11B, +32,9% YoY
• ▍Operating income −48,8% YoY
• ▍Net income −72,0% YoY
• ▍Free cash flow +3,3% YoY
• ▍Net margin 0.4%

Revenue THB 1.57B, −61,7% YoY; Operating income −35,0% YoY.

• ▍Revenue THB 1.57B, −61,7% YoY
• ▍Operating income −35,0% YoY
• ▍Net income −49,4% YoY
• ▍Free cash flow −26,2% YoY
• ▍Net margin 0.7%

Revenue THB 1.94B; Operating income THB 20.7M.

• ▍Revenue THB 1.94B
• ▍Operating income THB 20.7M
• ▍Net margin -2.3%

Revenue THB 921.1M; Operating income THB 19.7M.

• ▍Revenue THB 921.1M
• ▍Operating income THB 19.7M
• ▍Net margin -3.8%

Revenue THB 1.58B; Operating income THB 164.9M.

• ▍Revenue THB 1.58B
• ▍Operating income THB 164.9M
• ▍Net margin 1.8%

Revenue THB 4.11B; Operating income THB 163.7M.

• ▍Revenue THB 4.11B
• ▍Operating income THB 163.7M
• ▍Net margin 0.6%

Revenue THB 8.56B, +157,6% YoY; Operating income +735,4% YoY.

• ▍Revenue THB 8.56B, +157,6% YoY
• ▍Operating income +735,4% YoY
• ▍Net income +89,9% YoY
• ▍Free cash flow −46,3% YoY
• ▍Net margin -0.3%

Revenue THB 3.32B, −10,3% YoY; Operating income −115,5% YoY.

• ▍Revenue THB 3.32B, −10,3% YoY
• ▍Operating income −115,5% YoY
• ▍Net income −423,2% YoY
• ▍Free cash flow −31,3% YoY
• ▍Net margin -8.5%

Revenue THB 3.70B, −12,1% YoY; Operating income +223,6% YoY.

• ▍Revenue THB 3.70B, −12,1% YoY
• ▍Operating income +223,6% YoY
• ▍Net income +132,6% YoY
• ▍Free cash flow +4,1% YoY
• ▍Net margin 2.4%