ALT Telecom PCL

ALT Telecom maintains a debt-to-equity ratio of 0.37, indicating a relatively conservative capital structure. However, the company's free cash flow is negative at -79.19 million THB, and capital expenditures are substantial at -169.21 million THB, suggesting ongoing investment in infrastructure. The current ratio of 1.17 implies moderate liquidity, but the risk assessment highlights a medium liquidity risk due to negative net cash after subtracting total debt.

Profitability metrics show a return on equity of 0.32% and a return on assets of 0.14%, both below the typical thresholds for high-performing telecommunications firms. These figures suggest that the company is not generating strong returns relative to its equity and asset base, which could be a concern in a capital-intensive industry.

The company's revenue is concentrated in a single business segment, as no segment breakdown is provided in the available data. Geographically, the data does not specify revenue distribution across regions, but the wired telecommunications services are likely focused on domestic operations. This lack of diversification could expose the company to regional economic or regulatory risks.

Looking ahead, the company's growth trajectory is uncertain. The available data does not provide specific revenue growth projections for the current or next fiscal year. However, the significant capital expenditures suggest a strategy of expansion or modernization, which could support long-term growth if executed effectively.

The risk assessment indicates a low dilution risk, with no near-term pressure for share issuance. The company's liquidity risk is rated as medium, primarily due to the negative net cash position after accounting for total debt. The risk of dilution is further supported by the absence of any recent issuance or ATM/shelf disclosures in the provided data.

Recent events and filings do not show any significant changes in the company's operations or strategic direction. The analyst estimates are uniformly set at 1.75 THB, with a mean recommendation of 2.00, indicating a neutral stance from the market. The lack of strong buy or hold recommendations suggests limited enthusiasm for the stock among analysts.

Revenue THB 1.50B, +17,4% YoY; Operating income +127,6% YoY.

• ▍Revenue THB 1.50B, +17,4% YoY
• ▍Operating income +127,6% YoY
• ▍Net income +901,9% YoY
• ▍Free cash flow +499,0% YoY
• ▍Net margin 5.5%