Beryl 8 Plus PCL

Beryl 8 Plus PCL maintains a conservative capital structure with a debt-to-equity ratio of 0.17, indicating a low reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.63, suggesting it can cover its short-term obligations but with limited excess capacity. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

In terms of profitability, Beryl 8 Plus PCL reports a return on equity (ROE) of 1.24% and a return on assets (ROA) of 0.85%, both of which are below the typical thresholds for high-performing IT services firms. These metrics suggest that the company is generating modest returns relative to its equity and asset base, which may indicate inefficiencies in capital utilization or pricing pressures in its service offerings.

The company's revenue is concentrated in a single business segment, IT services and consulting, with no disclosed geographic diversification. This lack of diversification increases exposure to sector-specific risks, such as shifts in client demand or regulatory changes affecting the IT services industry. The absence of segment or geographic breakdowns in the financial data limits the ability to assess the company's exposure to different markets or product lines.

Looking ahead, Beryl 8 Plus PCL is expected to maintain a stable revenue trajectory, with no significant growth or contraction projected in the current or next fiscal year. The company's free cash flow of 19.05 million THB and operating cash flow of 160.66 million THB indicate a positive cash flow generation capability, but the capital expenditure of -57.26 million THB suggests that the company is not reinvesting heavily in growth initiatives.

The company's risk profile is characterized by a low dilution potential, with no significant dilution sources identified in the risk assessment. However, the negative net cash position after debt is a key flag that could impact the company's ability to fund operations or pursue strategic opportunities without external financing. Analysts have assigned a mean recommendation of 1.00, indicating a strong buy consensus, but the uniformity of price targets (all at 6.90 THB) suggests limited upside potential in the near term.

Recent events, including the latest financial filing, show a stable but unremarkable performance. The company has not disclosed any material changes in its business model, customer base, or regulatory environment that would significantly alter its risk or growth profile. The absence of recent earnings call transcripts or press releases further limits the visibility into management's strategic direction.

Operating and net margins exceed IT services cohort medians, indicating superior profitability relative to peers.

Cash conversion ratio is best-in-class at 4.65, significantly outperforming the cohort median of 1.0.

Long-term debt decreased to THB 260.8 million in FY2026, reflecting a strong deleveraging trend from previous years.

Debt-to-equity ratio of 0.17 is below the cohort median of 0.12, suggesting a conservative capital structure.

The single analyst consensus rating is strong buy with a target price of THB 6.9.

Return on equity of 1.24% is well below the cohort median of 4.27%, showing poor capital efficiency.

The company faces high credit risk and medium liquidity risk according to internal risk assessments.

Revenue THB 609.8M, −13,6% YoY; Operating income −53,3% YoY.

• ▍Revenue THB 609.8M, −13,6% YoY
• ▍Operating income −53,3% YoY
• ▍Net income −62,3% YoY
• ▍Free cash flow −60,9% YoY
• ▍Net margin 2.7%

Revenue THB 598.0M, −2,0% YoY; Operating income −64,9% YoY.

• ▍Revenue THB 598.0M, −2,0% YoY
• ▍Operating income −64,9% YoY
• ▍Net income −70,6% YoY
• ▍Free cash flow −25,2% YoY
• ▍Net margin 2.2%

Revenue THB 558.4M, −8,2% YoY; Operating income −70,0% YoY.

• ▍Revenue THB 558.4M, −8,2% YoY
• ▍Operating income −70,0% YoY
• ▍Net income −81,0% YoY
• ▍Free cash flow −359,4% YoY
• ▍Net margin 1.2%

Revenue THB 591.3M; Operating income THB 31.7M.

• ▍Revenue THB 591.3M
• ▍Operating income THB 31.7M
• ▍Net margin 3.4%

Revenue THB 706.0M; Operating income THB 57.0M.

• ▍Revenue THB 706.0M
• ▍Operating income THB 57.0M
• ▍Net margin 6.3%

Revenue THB 610.4M; Operating income THB 55.9M.

• ▍Revenue THB 610.4M
• ▍Operating income THB 55.9M
• ▍Net margin 7.2%

Revenue THB 608.5M; Operating income THB 54.4M.

• ▍Revenue THB 608.5M
• ▍Operating income THB 54.4M
• ▍Net margin 5.7%

Revenue THB 2.36B, −5,5% YoY; Operating income −56,6% YoY.

• ▍Revenue THB 2.36B, −5,5% YoY
• ▍Operating income −56,6% YoY
• ▍Net income −63,6% YoY
• ▍Free cash flow −60,8% YoY
• ▍Net margin 2.4%

Revenue THB 2.50B, +3,6% YoY; Operating income −30,8% YoY.

• ▍Revenue THB 2.50B, +3,6% YoY
• ▍Operating income −30,8% YoY
• ▍Net income −36,8% YoY
• ▍Free cash flow −69,2% YoY
• ▍Net margin 6.2%

Revenue THB 2.41B, +199,4% YoY; Operating income +110,5% YoY.

• ▍Revenue THB 2.41B, +199,4% YoY
• ▍Operating income +110,5% YoY
• ▍Net income +76,3% YoY
• ▍Free cash flow +134,1% YoY
• ▍Net margin 10.1%

Revenue THB 804.7M, +113,5% YoY; Operating income +77,0% YoY.

• ▍Revenue THB 804.7M, +113,5% YoY
• ▍Operating income +77,0% YoY
• ▍Net income +68,8% YoY
• ▍Free cash flow +308,6% YoY
• ▍Net margin 17.2%

Revenue THB 377.0M; Operating income THB 84.1M.

• ▍Revenue THB 377.0M
• ▍Operating income THB 84.1M
• ▍Net margin 21.8%