Firetrade Engineering PCL

Firetrade Engineering PCL maintains a strong liquidity position, with a current ratio of 3.4, indicating the company can cover its short-term liabilities more than three times over. The company holds THB 111.83 million in cash and equivalents, which supports its liquidity profile and provides a buffer against short-term obligations. The debt-to-equity ratio of 0.11 suggests a conservative capital structure, with minimal reliance on long-term debt.

In terms of profitability, Firetrade Engineering PCL reports a return on equity (ROE) of 2.44% and a return on assets (ROA) of 1.7%, which are below the industry median for Business Support Supplies. These metrics indicate that the company is generating modest returns relative to its equity and asset base. The operating margin, calculated as operating income of THB 29.19 million on revenue of THB 291.45 million, is 10.02%, which is in line with the industry's average operating margin of 10.5%.

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 fluctuations and sector-specific risks. The absence of segment or geographic breakdown in the financial data limits the ability to assess the company's exposure to different markets or product lines.

Firetrade Engineering PCL's growth trajectory appears stable, with a reported revenue of THB 291.45 million in the latest period. Analyst estimates suggest a revenue of THB 1.02 billion for the most recent actual period, indicating a potential seasonal or reporting period discrepancy. The company's capital expenditure of THB -2.26 million suggests a reduction in investment in new assets, which may signal a focus on cost optimization or a slowdown in expansion.

The risk assessment for Firetrade Engineering PCL indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's low debt-to-equity ratio and strong cash reserves reduce the likelihood of financial distress. However, the lack of disclosed dilution sources and the absence of recent equity issuance activity suggest that the company is not currently under pressure to raise additional capital.

Recent events and filings for Firetrade Engineering PCL do not include any material disclosures or earnings transcripts that would indicate significant operational or strategic changes. The company's financial performance appears to be consistent with its historical trends, with no notable deviations in operating cash flow or free cash flow.

Net income surged 45.9% year-over-year, demonstrating strong profitability growth despite modest revenue expansion.

Operating margin of 10.0% significantly exceeds the 4.5% cohort median, indicating superior operational efficiency.

Long-term debt decreased to 87.3 million THB in 2019, reflecting a prudent deleveraging strategy.

The debt-to-equity ratio of 0.11 is half the cohort median of 0.22, signaling low financial risk.

Revenue declined at a 3.9% CAGR over four years, indicating a shrinking top-line business trajectory.

Cash conversion ratio of 0.67 is below the 0.80 cohort median, indicating weaker cash flow quality.

Net income CAGR of 0.3% over four years reveals negligible long-term earnings growth.

Revenue THB 371.8M, −8,2% YoY; Operating income −23,6% YoY.

• ▍Revenue THB 371.8M, −8,2% YoY
• ▍Operating income −23,6% YoY
• ▍Net income −8,6% YoY
• ▍Free cash flow +5,2% YoY
• ▍Net margin 6.9%

Revenue THB 366.3M, −3,9% YoY; Operating income −36,1% YoY.

• ▍Revenue THB 366.3M, −3,9% YoY
• ▍Operating income −36,1% YoY
• ▍Net income −42,6% YoY
• ▍Free cash flow −163,9% YoY
• ▍Net margin 8.8%

Revenue THB 326.9M, +24,3% YoY; Operating income +123,9% YoY.

• ▍Revenue THB 326.9M, +24,3% YoY
• ▍Operating income +123,9% YoY
• ▍Net income +223,8% YoY
• ▍Free cash flow +19,4% YoY
• ▍Net margin 10.5%

Revenue THB 324.7M, +11,4% YoY; Operating income +16,7% YoY.

• ▍Revenue THB 324.7M, +11,4% YoY
• ▍Operating income +16,7% YoY
• ▍Net income +44,2% YoY
• ▍Free cash flow +46,8% YoY
• ▍Net margin 9.4%

Revenue THB 405.0M; Operating income THB 48.3M.

• ▍Revenue THB 405.0M
• ▍Operating income THB 48.3M
• ▍Net margin 6.9%

Revenue THB 1.39B, +3,7% YoY; Operating income −4,9% YoY.

• ▍Revenue THB 1.39B, +3,7% YoY
• ▍Operating income −4,9% YoY
• ▍Net income +5,8% YoY
• ▍Free cash flow −98,4% YoY
• ▍Net margin 8.8%

Revenue THB 1.34B, +17,1% YoY; Operating income +11,5% YoY.

• ▍Revenue THB 1.34B, +17,1% YoY
• ▍Operating income +11,5% YoY
• ▍Net income −1,2% YoY
• ▍Free cash flow −23,7% YoY
• ▍Net margin 8.7%