WICE Logistics PCL

WICE Logistics maintains a strong liquidity position with a current ratio of 2.63 and cash and equivalents of 474.95 million THB, indicating the company has sufficient short-term assets to cover its liabilities. The company's debt-to-equity ratio is 0.17, suggesting a conservative capital structure with limited leverage. Despite a negative operating cash flow of -18.27 million THB, the company generates free cash flow of 16.87 million THB, which supports operational flexibility.

The company's profitability metrics are modest, with a return on equity of 2.48% and a return on assets of 1.32%, both below the industry median for logistics firms. This suggests that WICE Logistics is not generating returns at a level that outperforms its peers. Gross profit of 184.45 million THB on revenue of 962.52 million THB indicates a gross margin of 19.16%, which is in line with industry norms.

WICE Logistics operates in a single business segment, with no disclosed geographic diversification in the provided data. The company's revenue is concentrated in one primary market, which could expose it to regional economic fluctuations. No segment-specific revenue breakdown is available in the input data, limiting the ability to assess geographic or product diversification.

The company's growth trajectory is not clearly defined in the input data, as no forward-looking revenue guidance is provided. Analysts have assigned a mean price target of 2.60 THB, with all recommendations clustered at the "hold" level, indicating a neutral outlook. The absence of strong buy or sell ratings suggests limited consensus on the company's future performance.

Risk factors for WICE Logistics are currently low, with no immediate liquidity or dilution flags detected. The company's low debt load and strong cash reserves reduce financial risk. However, the negative operating cash flow raises questions about the sustainability of current operations without additional capital inflows. No dilution risk is currently flagged, and the number of shares outstanding has not changed between basic and diluted shares.

Recent filings and transcripts do not provide additional insight into the company's strategic direction or operational performance. The input data does not include recent earnings calls, 10-K filings, or other disclosures that might provide context for the company's current financial position.

The company's net margin of 4.0% outperforms the 3.5% median net margin observed across the logistics sector.

WICE Logistics carries a conservative debt-to-equity ratio of 0.17, significantly lower than the 0.36 cohort median.

Analysts assign a mean price target of 2.6 THB, implying a 10.2% upside from the current market price.

The company faces low levels of dilution, liquidity, and credit risk according to current risk flag assessments.

Return on equity of 2.5% lags behind the 4.4% median return on equity for the logistics industry cohort.

Cash conversion of -0.47 is well below the 0.82 cohort median, highlighting poor cash generation efficiency.

Revenue THB 4.66B, +13,6% YoY; Operating income +13,9% YoY.

• ▍Revenue THB 4.66B, +13,6% YoY
• ▍Operating income +13,9% YoY
• ▍Net income +25,0% YoY
• ▍Free cash flow +276,6% YoY
• ▍Net margin 2.6%

Revenue THB 3.80B, −46,5% YoY; Operating income −64,8% YoY.

• ▍Revenue THB 3.80B, −46,5% YoY
• ▍Operating income −64,8% YoY
• ▍Net income −69,2% YoY
• ▍Free cash flow −111,4% YoY
• ▍Net margin 4.5%

Revenue THB 7.10B, −7,0% YoY; Operating income −1,0% YoY.

• ▍Revenue THB 7.10B, −7,0% YoY
• ▍Operating income −1,0% YoY
• ▍Net income +3,5% YoY
• ▍Free cash flow −6,5% YoY
• ▍Net margin 7.8%

Revenue THB 7.64B; Operating income THB 781.1M.

• ▍Revenue THB 7.64B
• ▍Operating income THB 781.1M
• ▍Net margin 7.0%