Asia Metal PCL

Asia Metal PCL maintains a conservative capital structure, with a debt-to-equity ratio of 0.26, indicating a relatively low reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.72, suggesting it can cover its short-term obligations but with limited excess. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

Profitability metrics for Asia Metal PCL show a return on equity (ROE) of 2.18% and a return on assets (ROA) of 1.47%, both of which are below the industry median for the Iron & Steel sector. These figures suggest the company is underperforming in terms of capital efficiency and asset utilization compared to its peers. Gross profit of 173.94 million THB and operating income of 119.01 million THB indicate a narrow margin structure, which may be vulnerable to input cost fluctuations.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns and regulatory changes. The absence of segment-specific revenue data limits the ability to assess the performance of different product lines or geographic regions.

Asia Metal PCL's growth trajectory is modest, with a current FY outlook showing a slight increase in revenue and earnings. The company's capital expenditure of -51.67 million THB suggests a reduction in investment, which may impact long-term growth potential. The company's free cash flow of 44.61 million THB is positive but limited, constraining its ability to reinvest or return value to shareholders.

Risk factors for Asia Metal PCL include medium liquidity risk and low dilution potential. The company's net cash position is negative after subtracting total debt, which could necessitate additional financing. The dilution risk is low, with no significant adjustments applied to the valuation metrics. However, the company's reliance on a single business segment and limited geographic exposure increases operational and market risks.

Recent events, including the latest financial filings and transcripts, indicate a stable but cautious business environment. The company's last actual EPS was 0.26 THB, and its last actual revenue was 5.30 billion THB, aligning with the reported financial snapshot. No significant new developments or strategic shifts have been disclosed in the recent filings.

Asia Metal's cash conversion ratio of 6.87 ranks as best-in-class among 433 Iron & Steel peers.

The company's operating margin of 5.34% exceeds the 3.27% median for the Iron & Steel cohort.

Asia Metal's net margin of 3.33% outperforms the 2.09% median within the Iron & Steel sector.

Free cash flow improved by 48.8% year-over-year, reaching -109.4 million THB in fiscal 2009.

The debt-to-equity ratio of 0.26 is lower than the 0.34 median for the Iron & Steel cohort.

Asia Metal faces high credit risk and a concerning current ratio of just 0.41.

Return on equity of 2.18% trails the 2.34% median for the Iron & Steel peer group.

Revenue THB 1.23B, −20,5% YoY; Operating income +67,2% YoY.

• ▍Revenue THB 1.23B, −20,5% YoY
• ▍Operating income +67,2% YoY
• ▍Net income +73,6% YoY
• ▍Free cash flow +126,7% YoY
• ▍Net margin -1.6%

Revenue THB 1.38B, −12,0% YoY; Operating income −122,5% YoY.

• ▍Revenue THB 1.38B, −12,0% YoY
• ▍Operating income −122,5% YoY
• ▍Net income −152,9% YoY
• ▍Free cash flow −61,5% YoY
• ▍Net margin -0.4%

Revenue THB 1.81B, −6,3% YoY; Operating income −20,7% YoY.

• ▍Revenue THB 1.81B, −6,3% YoY
• ▍Operating income −20,7% YoY
• ▍Net income −83,5% YoY
• ▍Free cash flow −261,2% YoY
• ▍Net margin 0.6%

Revenue THB 1.72B, −22,6% YoY; Operating income −63,9% YoY.

• ▍Revenue THB 1.72B, −22,6% YoY
• ▍Operating income −63,9% YoY
• ▍Net income −60,4% YoY
• ▍Free cash flow −46,7% YoY
• ▍Net margin 1.7%

Revenue THB 1.55B; Operating income -THB 80.1M.

• ▍Revenue THB 1.55B
• ▍Operating income -THB 80.1M
• ▍Net margin -5.0%

Revenue THB 1.56B; Operating income THB 46.8M.

• ▍Revenue THB 1.56B
• ▍Operating income THB 46.8M
• ▍Net margin 0.7%

Revenue THB 1.93B; Operating income THB 65.6M.

• ▍Revenue THB 1.93B
• ▍Operating income THB 65.6M
• ▍Net margin 3.2%

Revenue THB 2.23B; Operating income THB 119.0M.

• ▍Revenue THB 2.23B
• ▍Operating income THB 119.0M
• ▍Net margin 3.3%

Revenue THB 6.14B, −15,6% YoY; Operating income −61,6% YoY.

• ▍Revenue THB 6.14B, −15,6% YoY
• ▍Operating income −61,6% YoY
• ▍Net income −81,1% YoY
• ▍Free cash flow +48,8% YoY
• ▍Net margin 0.2%

Revenue THB 7.27B, −6,8% YoY; Operating income −71,7% YoY.

• ▍Revenue THB 7.27B, −6,8% YoY
• ▍Operating income −71,7% YoY
• ▍Net income −82,9% YoY
• ▍Free cash flow −201,9% YoY
• ▍Net margin 1.0%

Revenue THB 7.81B, +41,3% YoY; Operating income +1 029,3% YoY.

• ▍Revenue THB 7.81B, +41,3% YoY
• ▍Operating income +1 029,3% YoY
• ▍Net income +749,6% YoY
• ▍Free cash flow +151,4% YoY
• ▍Net margin 5.3%

Revenue THB 5.52B, −28,7% YoY; Operating income −106,2% YoY.

• ▍Revenue THB 5.52B, −28,7% YoY
• ▍Operating income −106,2% YoY
• ▍Net income −106,8% YoY
• ▍Free cash flow −147,9% YoY
• ▍Net margin -1.2%