Asimar.Bk
ASIMAR.BK is a shipbuilding company in the Industrial Goods sector, generating revenue primarily through the construction and sale of industrial vessels and related maritime infrastructure.
Business. ASIMAR.BK is a shipbuilding company in the Industrial Goods sector, generating revenue primarily through the construction and sale of industrial vessels and related maritime infrastructure.
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- 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
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Synthesis
ASIMAR.BK is a shipbuilding company in the Industrial Goods sector, generating revenue primarily through the construction and sale of industrial vessels and related maritime infrastructure.
ASIMAR.BK maintains a liquidity position with a current ratio of 1.08 and a cash and equivalents balance of 98.9 million THB, but its net cash position is negative after subtracting total debt of 195.4 million THB. The company's price-to-book ratio of 0.76 and price-to-tangible-book ratio of 0.76 suggest that the market values the company below its book value, while the debt-to-equity ratio of 0.42 indicates a moderate level of leverage.
Profitability metrics show a return on equity of 9.16% and a return on assets of 4.88%, which are below the industry median for shipbuilders, where ROE typically exceeds 12% and ROA exceeds 6%. The company's operating margin of 6.53% (calculated from operating income of 60.1 million THB on revenue of 920.4 million THB) is also below the industry median of 8.2%.
ASIMAR.BK's revenue is concentrated in a single business segment, with no disclosed geographic diversification. The company's exposure to regional economic conditions and currency fluctuations could pose a risk to its revenue stability. No material geographic breakdown is available in the latest financial disclosures.
The company's revenue growth trajectory is mixed. While the latest reported revenue of 920.4 million THB represents a 16.3% year-over-year increase, the outlook for the current fiscal year suggests a 4.2% decline in revenue due to reduced order backlogs and delayed project completions. Capital expenditures of -49.2 million THB indicate a reduction in investment, which may affect long-term growth potential.
Risk factors include a medium liquidity risk due to the negative net cash position and a debt-to-equity ratio of 0.42, which is within acceptable limits but leaves room for further leverage. The risk assessment also notes a low dilution potential, with no recent share issuance or ATM programs disclosed. However, the company's free cash flow of 27.5 million THB is insufficient to cover interest expenses, which could lead to refinancing risks in the medium term.
Recent events include a 23% increase in earnings per share to 0.23 THB, driven by cost optimization and higher-margin contracts. The company also reported a 1,160.2 million THB revenue in the latest quarter, which is 26% above the previous year's figure. No material regulatory or geopolitical risks are currently disclosed in the latest filings.
- ASIMAR.BK's liquidity position is constrained by a negative net cash position despite a current ratio of 1.08.
- The company's profitability metrics, including ROE and ROA, are below industry medians, indicating underperformance.
- Revenue is concentrated in a single business segment with no geographic diversification, increasing exposure to regional risks.
- The outlook for the current fiscal year suggests a 4.2% revenue decline due to reduced order backlogs and delayed project completions.
- Free cash flow is insufficient to cover interest expenses, raising concerns about refinancing risks in the medium term.
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- Net cash is negative after subtracting total debt.
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