Ngernturbo PCL

Ngernturbo operates with a market cap of 3.95 billion THB and a price-to-earnings ratio of 7.85, below the industry median of 10.5. The company's liquidity position is constrained, with cash and equivalents of 218.65 million THB versus long-term debt of 8.81 billion THB, resulting in a debt-to-equity ratio of 2.33. The current ratio of 0.75 indicates short-term liquidity risk, as current liabilities exceed current assets. Profitability metrics show a return on equity of 13.32%, outperforming the industry median of 9.8%, but return on assets of 3.97% lags behind the sector average of 5.2%. The company's operating margin of 32.9% (101.82 billion THB operating income on 309.47 billion THB revenue) is strong relative to peers, though net interest margin compression could pressure future returns. Geographically, Ngernturbo is concentrated in Thailand, with 100% of revenue derived from domestic operations. Segment-wise, the Financial Services division accounts for 82% of revenue, while Insurance Broker contributes the remaining 18%. This concentration exposes the company to local economic cycles and regulatory changes. Outlook data indicates 12% revenue growth in the current fiscal year, driven by expansion in nano-finance products. However, the next fiscal year projects a 4% decline as credit risk provisions increase. Free cash flow of 775.22 million THB in the latest period supports dividend sustainability, though capital expenditures of -27.09 million THB suggest asset optimization rather than growth. Risk assessment highlights medium liquidity risk due to negative net cash position (-8.69 billion THB) and a high debt load. Dilution risk is assessed as low, with no recent share issuance and diluted shares matching basic shares at 2.67 billion. Analysts have assigned a mean recommendation of 2.0 (buy), with one buy rating and no strong buy or hold ratings. Recent filings show no material litigation or regulatory actions. The company's 2023 annual report disclosed plans to expand digital lending platforms, though implementation timelines remain unspecified. No material earnings call transcripts were available for analysis.