Advanced Info Service PCL

The company maintains a debt-to-equity ratio of 3.47, indicating a high reliance on debt financing, which is above the typical industry median for wireless telecommunications firms. Its liquidity position is characterized by a current ratio of 0.33, suggesting limited short-term liquidity. The company's free cash flow of 15,051.52 million THB supports operational flexibility, but its long-term debt of 296,240.92 million THB represents a significant portion of its capital structure.

Profitability metrics show a return on equity of 9.91% and a return on assets of 1.86%, which are below the industry median for wireless telecommunications services. The company's operating income of 12,528.52 million THB and net income of 8,451.05 million THB reflect a relatively stable earnings profile, but the gross profit margin of 34.6% is in line with industry norms.

The company's revenue is concentrated in its domestic market, with no disclosed international operations. This geographic concentration increases exposure to local economic and regulatory risks. The company's business is primarily driven by its wireless telecommunications segment, which accounts for the majority of its revenue.

Looking ahead, the company is projected to maintain a stable revenue trajectory, with no significant growth or contraction expected in the next fiscal year. Historical revenue data shows a consistent performance, with a total revenue of 53,292.88 million THB in the latest reporting period. Analysts have provided a mean price target of 386.57 THB, indicating a generally positive outlook.

The company faces moderate liquidity risk due to its high debt load and limited cash reserves. The risk assessment indicates a medium liquidity risk and a low dilution risk, with no immediate pressure for equity issuance. The company's capital structure is heavily weighted toward long-term debt, which could impact its financial flexibility in the event of rising interest rates.

Recent events include analyst estimates and price targets, with a mean recommendation of 2.29 (1=strong buy, 5=strong sell). The company has received a mix of strong-buy, buy, and hold ratings, reflecting a generally positive but cautious sentiment among analysts. No recent filings or transcripts have been disclosed that would significantly alter the company's risk profile.

Net income is projected to grow 36.5% year-over-year to THB 47.9 billion in fiscal 2026.

Net margin of 15.9% ranks in the top quartile among 69 wireless telecommunications competitors.

Analysts assign a mean price target of THB 386.58, implying substantial upside from current levels.

Debt-to-equity ratio of 3.47 places the company in the bottom quartile of its peer group.

The company carries a high credit risk flag, indicating significant potential financial distress.

Long-term debt increased to THB 306.6 billion in fiscal 2024 before declining in subsequent years.

Return on invested capital of 3.3% suggests modest efficiency in generating returns from capital.

Revenue THB 59.55B, +5,0% YoY; Operating income +31,2% YoY.

• ▍Revenue THB 59.55B, +5,0% YoY
• ▍Operating income +31,2% YoY
• ▍Net income +54,2% YoY
• ▍Free cash flow +43,3% YoY
• ▍Net margin 24.0%

Revenue THB 54.36B, +4,1% YoY; Operating income +35,3% YoY.

• ▍Revenue THB 54.36B, +4,1% YoY
• ▍Operating income +35,3% YoY
• ▍Net income +37,0% YoY
• ▍Free cash flow −553,7% YoY
• ▍Net margin 22.1%

Revenue THB 56.04B, +9,2% YoY; Operating income +21,4% YoY.

• ▍Revenue THB 56.04B, +9,2% YoY
• ▍Operating income +21,4% YoY
• ▍Net income +28,0% YoY
• ▍Free cash flow +2,2% YoY
• ▍Net margin 19.6%

Revenue THB 56.31B, +5,7% YoY; Operating income +18,0% YoY.

• ▍Revenue THB 56.31B, +5,7% YoY
• ▍Operating income +18,0% YoY
• ▍Net income +25,2% YoY
• ▍Free cash flow −1,1% YoY
• ▍Net margin 18.8%

Revenue THB 56.74B; Operating income THB 13.18B.

• ▍Revenue THB 56.74B
• ▍Operating income THB 13.18B
• ▍Net margin 16.3%

Revenue THB 52.21B; Operating income THB 12.22B.

• ▍Revenue THB 52.21B
• ▍Operating income THB 12.22B
• ▍Net margin 16.8%

Revenue THB 51.33B; Operating income THB 12.46B.

• ▍Revenue THB 51.33B
• ▍Operating income THB 12.46B
• ▍Net margin 16.7%

Revenue THB 53.29B; Operating income THB 12.53B.

• ▍Revenue THB 53.29B
• ▍Operating income THB 12.53B
• ▍Net margin 15.9%

Revenue THB 226.26B, +5,9% YoY; Operating income +26,5% YoY.

• ▍Revenue THB 226.26B, +5,9% YoY
• ▍Operating income +26,5% YoY
• ▍Net income +36,5% YoY
• ▍Free cash flow −30,4% YoY
• ▍Net margin 21.2%

Revenue THB 213.57B, +13,1% YoY; Operating income +24,0% YoY.

• ▍Revenue THB 213.57B, +13,1% YoY
• ▍Operating income +24,0% YoY
• ▍Net income +20,6% YoY
• ▍Free cash flow +365,2% YoY
• ▍Net margin 16.4%

Revenue THB 188.87B, +1,8% YoY; Operating income +10,0% YoY.

• ▍Revenue THB 188.87B, +1,8% YoY
• ▍Operating income +10,0% YoY
• ▍Net income +11,8% YoY
• ▍Free cash flow −49,0% YoY
• ▍Net margin 15.4%

Revenue THB 185.48B, +2,3% YoY; Operating income −3,2% YoY.

• ▍Revenue THB 185.48B, +2,3% YoY
• ▍Operating income −3,2% YoY
• ▍Net income −3,4% YoY
• ▍Free cash flow +33,8% YoY
• ▍Net margin 14.0%