Forth Smart Service PCL

Forth Smart Service PCL maintains a relatively strong liquidity position, with a current ratio of 1.07 and cash and equivalents amounting to 285.68 million THB. However, the company's net cash position is negative after subtracting total debt, indicating potential liquidity constraints.

The company's profitability is moderate, with a return on equity of 7.39% and a return on assets of 3.31%. These figures suggest that the company is generating returns, but at a pace that may not significantly outperform industry medians. The operating margin, calculated as operating income divided by revenue, is 20.45%, which is a key metric for assessing operational efficiency.

Geographically and segment-wise, the company's exposure is not disclosed in the provided data. However, the lack of segmental or geographic breakdown implies that the company may be concentrated in a single market or service line, which could pose a concentration risk if not diversified.

The company's growth trajectory is not explicitly detailed in the provided data, but the operating cash flow of 177.81 million THB and free cash flow of 166.85 million THB indicate a positive cash generation capability. This suggests the company has the potential to reinvest in growth or return value to shareholders.

The risk assessment highlights a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt suggests that the company may need to manage its debt obligations carefully. The dilution potential is low, and no adjustments have been applied to the valuation metrics, indicating that the company's capital structure is stable.

Recent events, such as filings and transcripts, are not detailed in the provided data. However, the company's financial health and operational performance are reflected in its latest financial snapshot, which includes revenue, gross profit, and net income figures.

Net income surged 95.9% year-over-year to THB 586.8 million, demonstrating strong recent profitability growth.

Free cash flow increased 41.1% year-over-year to THB 485.4 million, indicating robust cash generation.

Cash conversion ratio of 1.9 is well above the 1.15 cohort median, highlighting efficient cash management.

Revenue declined at a 5.0% compound annual growth rate over the last four fiscal years.

Debt-to-equity ratio of 0.26 is higher than the 0.17 median for the Business Support Services cohort.

The company faces medium liquidity risk, which could constrain short-term financial flexibility.

Return on invested capital of 6.9% indicates limited excess returns generated above the cost of capital.

Revenue THB 521.0M, −3,2% YoY; Operating income +21,7% YoY.

• ▍Revenue THB 521.0M, −3,2% YoY
• ▍Operating income +21,7% YoY
• ▍Net income +21,5% YoY
• ▍Free cash flow +431,3% YoY
• ▍Net margin 26.8%

Revenue THB 564.2M, +6,2% YoY; Operating income +56,7% YoY.

• ▍Revenue THB 564.2M, +6,2% YoY
• ▍Operating income +56,7% YoY
• ▍Net income +53,2% YoY
• ▍Free cash flow −0,7% YoY
• ▍Net margin 27.5%

Revenue THB 566.2M, +5,6% YoY; Operating income +74,6% YoY.

• ▍Revenue THB 566.2M, +5,6% YoY
• ▍Operating income +74,6% YoY
• ▍Net income +63,5% YoY
• ▍Free cash flow +12,8% YoY
• ▍Net margin 27.0%

Revenue THB 575.1M; Operating income THB 164.7M.

• ▍Revenue THB 575.1M
• ▍Operating income THB 164.7M
• ▍Net margin 21.0%

Revenue THB 538.1M; Operating income THB 137.8M.

• ▍Revenue THB 538.1M
• ▍Operating income THB 137.8M
• ▍Net margin 21.4%

Revenue THB 531.1M; Operating income THB 122.9M.

• ▍Revenue THB 531.1M
• ▍Operating income THB 122.9M
• ▍Net margin 19.1%

Revenue THB 2.18B, +7,6% YoY; Operating income +71,7% YoY.

• ▍Revenue THB 2.18B, +7,6% YoY
• ▍Operating income +71,7% YoY
• ▍Net income +43,8% YoY
• ▍Free cash flow +7,8% YoY
• ▍Net margin 19.7%

Revenue THB 2.20B, −17,3% YoY; Operating income −32,8% YoY.

• ▍Revenue THB 2.20B, −17,3% YoY
• ▍Operating income −32,8% YoY
• ▍Net income −24,5% YoY
• ▍Free cash flow −14,1% YoY
• ▍Net margin 13.7%

Revenue THB 2.66B; Operating income THB 502.8M.

• ▍Revenue THB 2.66B
• ▍Operating income THB 502.8M
• ▍Net margin 15.0%