Bangkok Ranch PCL

The company's capital structure is characterized by a debt-to-equity ratio of 1.05, indicating a moderate reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 0.93, suggesting that the company's current assets are slightly less than its current liabilities. Free cash flow for the period was 69.16 million THB, while operating cash flow was 201.35 million THB, indicating a positive cash flow from operations but with a portion consumed by capital expenditures of 74.40 million THB.

Profitability metrics show a return on equity of 1.05% and a return on assets of 0.48%, both of which are below the typical thresholds for strong performance in the food processing industry. The company's net income of 50.60 million THB and operating income of 145.49 million THB reflect a relatively narrow margin, with gross profit at 407.90 million THB. These figures suggest that the company is generating modest returns relative to its asset base and equity.

Geographically and segment-wise, the company's revenue is concentrated in Thailand, with no disclosed international operations or segment breakdowns in the provided data. This lack of diversification may expose the company to regional economic fluctuations and regulatory changes. The absence of detailed segment reporting limits the ability to assess the performance of different product lines or geographic regions.

The company's growth trajectory appears to be modest, with no specific revenue growth rates provided in the data. However, the current financial performance suggests a stable but not rapidly expanding business. The company's capital expenditures and operating cash flow indicate a focus on maintaining operations rather than aggressive expansion. The outlook for the current fiscal year and the next fiscal year is not explicitly provided, but the company's financials suggest a conservative approach to growth.

Risk factors include a medium liquidity risk, as the company's cash and equivalents of 177.39 million THB are insufficient to cover its total debt of 5,051.89 million THB. The risk assessment also notes a low dilution potential, with no significant changes in shares outstanding between basic and diluted figures. The company's financial leverage and liquidity position suggest that it may face challenges in meeting short-term obligations without additional financing.

Recent events and filings do not provide specific details on new product launches, strategic partnerships, or regulatory changes. The company's financial statements and risk assessment highlight the need for continued monitoring of liquidity and debt management. The absence of recent significant events or disclosures implies a relatively stable but not dynamic business environment for the company.

Analysts project 12,789% upside to a mean price target of 211.38 THB, signaling strong consensus buy recommendation.

Free cash flow grew 17% year-over-year to 385.9 million THB in FY2020, demonstrating improving cash generation capabilities.

Cash conversion ratio of 3.98 is best-in-class compared to the cohort median of 0.98, highlighting robust cash flow quality.

Long-term debt decreased from 5.68 billion THB in FY2016 to 4.05 billion THB in FY2020, showing a consistent deleveraging trend.

The company faces high credit risk and medium liquidity risk, posing significant financial stability concerns for investors.

Debt-to-equity ratio of 1.05 places the company in the bottom quartile of the Food Processing cohort, indicating excessive leverage.

Return on equity of 1.05% is significantly below the cohort median of 4.99%, reflecting poor capital efficiency.

Revenue growth was stagnant with a 4-year CAGR of only 0.9%, indicating limited top-line expansion potential.

Revenue THB 2.05B, +7,8% YoY; Operating income +9,4% YoY.

• ▍Revenue THB 2.05B, +7,8% YoY
• ▍Operating income +9,4% YoY
• ▍Net income +188,1% YoY
• ▍Free cash flow +27,4% YoY
• ▍Net margin 1.7%

Revenue THB 1.88B, +5,4% YoY; Operating income +15,6% YoY.

• ▍Revenue THB 1.88B, +5,4% YoY
• ▍Operating income +15,6% YoY
• ▍Net income +61,9% YoY
• ▍Free cash flow +43,5% YoY
• ▍Net margin 2.3%

Revenue THB 1.76B, +0,1% YoY; Operating income +3,3% YoY.

• ▍Revenue THB 1.76B, +0,1% YoY
• ▍Operating income +3,3% YoY
• ▍Net income −13,8% YoY
• ▍Free cash flow −20,3% YoY
• ▍Net margin 1.6%

Revenue THB 1.85B, −5,0% YoY; Operating income −14,7% YoY.

• ▍Revenue THB 1.85B, −5,0% YoY
• ▍Operating income −14,7% YoY
• ▍Net income −29,8% YoY
• ▍Free cash flow +61,9% YoY
• ▍Net margin 1.9%

Revenue THB 1.90B; Operating income THB 93.9M.

• ▍Revenue THB 1.90B
• ▍Operating income THB 93.9M
• ▍Net margin 0.6%

Revenue THB 1.78B; Operating income THB 104.1M.

• ▍Revenue THB 1.78B
• ▍Operating income THB 104.1M
• ▍Net margin 1.5%

Revenue THB 1.76B; Operating income THB 109.7M.

• ▍Revenue THB 1.76B
• ▍Operating income THB 109.7M
• ▍Net margin 1.8%

Revenue THB 1.94B; Operating income THB 145.5M.

• ▍Revenue THB 1.94B
• ▍Operating income THB 145.5M
• ▍Net margin 2.6%

Revenue THB 7.53B, +2,0% YoY; Operating income +1,6% YoY.

• ▍Revenue THB 7.53B, +2,0% YoY
• ▍Operating income +1,6% YoY
• ▍Net income +16,5% YoY
• ▍Free cash flow +16,9% YoY
• ▍Net margin 1.9%

Revenue THB 7.39B, −7,7% YoY; Operating income −35,7% YoY.

• ▍Revenue THB 7.39B, −7,7% YoY
• ▍Operating income −35,7% YoY
• ▍Net income −59,6% YoY
• ▍Free cash flow +186,6% YoY
• ▍Net margin 1.6%

Revenue THB 8.00B, −6,1% YoY; Operating income −5,0% YoY.

• ▍Revenue THB 8.00B, −6,1% YoY
• ▍Operating income −5,0% YoY
• ▍Net income −22,1% YoY
• ▍Free cash flow −75,5% YoY
• ▍Net margin 3.8%

Revenue THB 8.52B, +17,4% YoY; Operating income +385,8% YoY.

• ▍Revenue THB 8.52B, +17,4% YoY
• ▍Operating income +385,8% YoY
• ▍Net income +790,7% YoY
• ▍Free cash flow +14 936,4% YoY
• ▍Net margin 4.5%