Leo Global Logistics PCL

Leo Global Logistics PCL maintains a debt-to-equity ratio of 0.6, indicating a moderate reliance on debt financing relative to equity. The company's liquidity position is assessed as medium, with a current ratio of 1.99, suggesting it can cover short-term obligations but with limited excess capacity. However, the company's operating cash flow is negative at -41.84 million THB, and free cash flow is also negative at -38.10 million THB, signaling potential near-term liquidity constraints.

Profitability metrics show a return on equity of 1.13% and a return on assets of 0.62%, both of which are below the typical thresholds for strong performance in the logistics industry. These figures suggest that the company is generating relatively low returns for shareholders and asset holders, which may indicate inefficiencies or competitive pressures.

The company's revenue is concentrated in a single business segment, as disclosed in its financials, with no material geographic diversification reported. This lack of diversification could expose the company to regional economic downturns or regulatory changes that affect its primary market.

Looking ahead, the company's revenue is projected to grow by a modest amount in the current fiscal year, with a slight increase expected in the following year. However, the growth trajectory is constrained by the company's negative operating and free cash flows, which may limit its ability to invest in expansion or innovation.

The company's 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 secure additional financing or improve its cash flow generation to maintain operations. There is no indication of recent dilution events, and the number of shares outstanding remains unchanged between basic and diluted shares.

Recent filings and transcripts do not disclose any major events that would significantly impact the company's operations or financial position. The company continues to operate within its disclosed business model, with no material changes in strategy or market conditions reported.

Operating margin of 5.2% exceeds the 4.8% cohort median, indicating superior cost efficiency relative to logistics peers.

Debt-to-equity ratio of 0.6 is below the 0.36 cohort median, suggesting a relatively conservative leverage position.

Free cash flow improved by 79.1% year-over-year, signaling a potential stabilization in cash generation capabilities.

Return on equity of 1.1% trails the 4.4% cohort median, indicating poor capital efficiency.

High credit risk flags suggest potential difficulties in meeting financial obligations or securing favorable financing.

Cash conversion ratio of -4.02 sits in the bottom quartile, highlighting weak cash generation relative to earnings.

Revenue THB 4.49B, +33,4% YoY; Operating income +77,6% YoY.

• ▍Revenue THB 4.49B, +33,4% YoY
• ▍Operating income +77,6% YoY
• ▍Net income +53,2% YoY
• ▍Free cash flow −36,1% YoY
• ▍Net margin 6.8%

Revenue THB 3.37B; Operating income THB 223.5M.

• ▍Revenue THB 3.37B
• ▍Operating income THB 223.5M
• ▍Net margin 5.9%