S Pack & Print PCL

S Pack & Print PCL maintains a debt-to-equity ratio of 0.69, indicating a moderate reliance on debt financing relative to equity. The company's liquidity position is characterized as medium, with a current ratio of 0.78, suggesting that it has less than one unit of current assets for every unit of current liabilities. Free cash flow stands at 25,498,310 THB, which is a positive sign for operational flexibility and reinvestment capacity.

Profitability metrics show a return on equity (ROE) of 2.16% and a return on assets (ROA) of 1.03%. These figures are below the industry median for ROE and ROA in the Paper Packaging sector, indicating that the company is underperforming in terms of capital efficiency and asset utilization compared to its peers.

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 fluctuations and sector-specific risks. The absence of segmental or geographic breakdown in the financial data limits the ability to assess the company's risk profile in detail.

Looking ahead, the company is projected to experience a modest growth trajectory, with no significant changes in revenue expected in the next fiscal year. Capital expenditures have been minimal at -943,000 THB, suggesting a conservative approach to reinvestment. The company's operating cash flow of 44,435,030 THB supports its current operations but does not indicate aggressive expansion.

Risk factors include a medium liquidity risk, as the company's net cash position is negative after subtracting total debt. The dilution risk is assessed as low, with no near-term pressure from share issuance. However, the company's reliance on long-term debt (439,681,880 THB) could become a concern if interest rates rise or if the company's credit rating is downgraded.

Recent events include the disclosure of financial results and analyst estimates, with the last actual EPS reported at 0.42 THB and revenue at 1,154,755,700 THB. No significant corporate actions or regulatory changes have been reported in the latest filings.

Net margin of 4.0% outperforms the 3.4% industry median, demonstrating stronger bottom-line profitability than most competitors.

Cash conversion ratio of 3.21 significantly surpasses the 1.38 cohort median, highlighting robust cash generation capabilities.

Debt-to-equity ratio of 0.69 is below the 0.37 cohort median, suggesting a conservative leverage profile relative to peers.

Long-term debt decreased from 669 million THB in 2006 to 300 million THB in 2009, reducing financial obligations.

Four-year revenue CAGR of -4.4% indicates a persistent long-term decline in the company's sales trajectory.

High credit risk flag suggests potential difficulties in meeting financial obligations or servicing existing debt.

Revenue THB 251.5M, −14,3% YoY; Operating income +83,5% YoY.

• ▍Revenue THB 251.5M, −14,3% YoY
• ▍Operating income +83,5% YoY
• ▍Net income +140,2% YoY
• ▍Free cash flow −38,7% YoY
• ▍Net margin 3.8%

Revenue THB 270.4M, −21,3% YoY; Operating income −51,2% YoY.

• ▍Revenue THB 270.4M, −21,3% YoY
• ▍Operating income −51,2% YoY
• ▍Net income −46,1% YoY
• ▍Free cash flow −36,7% YoY
• ▍Net margin 5.3%

Revenue THB 260.7M, −21,5% YoY; Operating income −71,6% YoY.

• ▍Revenue THB 260.7M, −21,5% YoY
• ▍Operating income −71,6% YoY
• ▍Net income −92,1% YoY
• ▍Free cash flow −54,1% YoY
• ▍Net margin 0.4%

Revenue THB 281.4M, −17,7% YoY; Operating income −42,1% YoY.

• ▍Revenue THB 281.4M, −17,7% YoY
• ▍Operating income −42,1% YoY
• ▍Net income −35,7% YoY
• ▍Free cash flow −23,4% YoY
• ▍Net margin 3.2%

Revenue THB 293.6M; Operating income THB 6.9M.

• ▍Revenue THB 293.6M
• ▍Operating income THB 6.9M
• ▍Net margin 1.3%

Revenue THB 343.6M; Operating income THB 31.4M.

• ▍Revenue THB 343.6M
• ▍Operating income THB 31.4M
• ▍Net margin 7.7%

Revenue THB 332.1M; Operating income THB 18.6M.

• ▍Revenue THB 332.1M
• ▍Operating income THB 18.6M
• ▍Net margin 3.9%

Revenue THB 342.0M; Operating income THB 21.3M.

• ▍Revenue THB 342.0M
• ▍Operating income THB 21.3M
• ▍Net margin 4.0%

Revenue THB 1.06B, −18,9% YoY; Operating income −43,5% YoY.

• ▍Revenue THB 1.06B, −18,9% YoY
• ▍Operating income −43,5% YoY
• ▍Net income −41,0% YoY
• ▍Free cash flow −37,7% YoY
• ▍Net margin 3.2%

Revenue THB 1.31B, +5,8% YoY; Operating income +113,4% YoY.

• ▍Revenue THB 1.31B, +5,8% YoY
• ▍Operating income +113,4% YoY
• ▍Net income +225,1% YoY
• ▍Free cash flow +82,3% YoY
• ▍Net margin 4.3%

Revenue THB 1.24B, −5,9% YoY; Operating income +45,3% YoY.

• ▍Revenue THB 1.24B, −5,9% YoY
• ▍Operating income +45,3% YoY
• ▍Net income +156,2% YoY
• ▍Free cash flow +229,9% YoY
• ▍Net margin 1.4%

Revenue THB 1.32B, +3,4% YoY; Operating income −70,2% YoY.

• ▍Revenue THB 1.32B, +3,4% YoY
• ▍Operating income −70,2% YoY
• ▍Net income −89,3% YoY
• ▍Free cash flow −281,2% YoY
• ▍Net margin 0.5%