G J Steel PCL

G J Steel maintains a strong liquidity position with a current ratio of 7.43, supported by cash and equivalents of 699.8 million THB, which is significantly higher than the industry median. The company's price-to-book ratio of 0.27 indicates a substantial discount to its book value, suggesting potential undervaluation relative to its asset base.

Profitability metrics are weak, with a negative return on equity of -0.43% and a negative return on assets of -0.40%. These figures fall well below the industry median for return on equity and return on assets, which are typically positive for steel producers. The company reported a net loss of 52.4 million THB and an operating loss of 75.5 million THB in the latest period.

Geographically, G J Steel's revenue is concentrated in Thailand, with no disclosed international segments. The company's exposure to domestic economic conditions and currency fluctuations could pose a risk to its revenue stability. No material revenue diversification is evident in the latest financial disclosures.

The company's growth trajectory is mixed. Revenue for the latest period was 3.5 billion THB, but the company reported a net loss. Analysts have not provided forward-looking revenue or earnings estimates, and the company's outlook for the current fiscal year is not explicitly stated in the available data. The absence of clear guidance suggests uncertainty in the company's near-term performance.

Risk factors include the company's negative net income and operating income, which could affect its ability to fund operations and invest in growth. However, the company's low debt-to-equity ratio of 0.0 and strong liquidity position mitigate immediate financial risk. No dilution flags were detected in the latest filings, and the company has not issued new shares recently.

Recent events include the company's latest financial results, which show a net loss and operating loss. No significant new projects, acquisitions, or regulatory changes were disclosed in the latest filings. The company's capital expenditure of -65.7 million THB suggests a reduction in investment in the latest period.

The company maintains a zero debt-to-equity ratio, ranking in the top quartile of the Iron & Steel cohort.

Dilution and liquidity risks are assessed as low, suggesting stable capital structure and market trading conditions.

Operating and net margins are negative, placing the company in the bottom quartile of its peer cohort.

The company faces high credit risk, signaling significant concerns regarding its ability to meet financial obligations.

Revenue THB 2.66B, −9,9% YoY; Operating income +30,9% YoY.

• ▍Revenue THB 2.66B, −9,9% YoY
• ▍Operating income +30,9% YoY
• ▍Net income +35,0% YoY
• ▍Free cash flow +1,4% YoY
• ▍Net margin -9.2%

Revenue THB 2.86B, +12,8% YoY; Operating income +35,1% YoY.

• ▍Revenue THB 2.86B, +12,8% YoY
• ▍Operating income +35,1% YoY
• ▍Net income +52,3% YoY
• ▍Free cash flow +66,2% YoY
• ▍Net margin -6.3%

Revenue THB 2.94B, −0,6% YoY; Operating income −58,4% YoY.

• ▍Revenue THB 2.94B, −0,6% YoY
• ▍Operating income −58,4% YoY
• ▍Net income −45,7% YoY
• ▍Free cash flow −106,1% YoY
• ▍Net margin -10.6%

Revenue THB 2.29B, −34,3% YoY; Operating income −327,1% YoY.

• ▍Revenue THB 2.29B, −34,3% YoY
• ▍Operating income −327,1% YoY
• ▍Net income −460,3% YoY
• ▍Free cash flow −1 094,7% YoY
• ▍Net margin -12.8%

Revenue THB 2.54B; Operating income -THB 410.3M.

• ▍Revenue THB 2.54B
• ▍Operating income -THB 410.3M
• ▍Net margin -14.9%

Revenue THB 2.95B; Operating income -THB 414.1M.

• ▍Revenue THB 2.95B
• ▍Operating income -THB 414.1M
• ▍Net margin -12.7%

Revenue THB 2.96B; Operating income -THB 239.7M.

• ▍Revenue THB 2.96B
• ▍Operating income -THB 239.7M
• ▍Net margin -7.2%

Revenue THB 3.48B; Operating income -THB 75.5M.

• ▍Revenue THB 3.48B
• ▍Operating income -THB 75.5M
• ▍Net margin -1.5%

Revenue THB 10.75B, −9,9% YoY; Operating income −8,7% YoY.

• ▍Revenue THB 10.75B, −9,9% YoY
• ▍Operating income −8,7% YoY
• ▍Net income −1,0% YoY
• ▍Free cash flow −31,1% YoY
• ▍Net margin -9.6%

Revenue THB 11.93B, −4,5% YoY; Operating income −88,3% YoY.

• ▍Revenue THB 11.93B, −4,5% YoY
• ▍Operating income −88,3% YoY
• ▍Net income −107,2% YoY
• ▍Free cash flow −133,1% YoY
• ▍Net margin -8.5%

Revenue THB 12.48B, −28,3% YoY; Operating income +81,2% YoY.

• ▍Revenue THB 12.48B, −28,3% YoY
• ▍Operating income +81,2% YoY
• ▍Net income +84,3% YoY
• ▍Free cash flow +90,1% YoY
• ▍Net margin -3.9%

Revenue THB 17.40B, −5,5% YoY; Operating income −204,0% YoY.

• ▍Revenue THB 17.40B, −5,5% YoY
• ▍Operating income −204,0% YoY
• ▍Net income −198,7% YoY
• ▍Free cash flow −181,0% YoY
• ▍Net margin -18.0%