Ananda Development PCL

Ananda Development PCL has a debt-to-equity ratio of 1.43, indicating a moderate level of leverage, and a current ratio of 1.43, suggesting it has sufficient short-term assets to cover its short-term liabilities. The company's liquidity position is assessed as medium, with free cash flow of 235.7 million THB and operating cash flow of 557.1 million THB, but its net cash is negative after subtracting total debt.

The company's profitability is modest, with a return on equity of 1.69% and a return on assets of 0.6%, both below the typical thresholds for strong performance in the real estate industry. These metrics suggest that the company is not generating substantial returns relative to its equity and asset base, which could be a concern for investors seeking higher returns.

Ananda Development PCL's revenue is concentrated in the real estate development and operations segment, with no disclosed geographic diversification. This concentration could expose the company to regional economic downturns or regulatory changes that affect the real estate market.

The company's growth trajectory is not clearly defined, as there are no specific numeric deltas provided for the current or next fiscal year. However, the capital expenditure of -4.27 million THB indicates minimal investment in new projects, which may limit future growth opportunities.

The risk assessment highlights a medium liquidity risk and a low dilution risk. The company's liquidity is constrained by its high debt levels, which could affect its ability to meet short-term obligations. The dilution risk is low, as there is no indication of significant share issuance or dilution potential.

Recent events and filings do not provide specific details on the company's operations or strategic initiatives. The lack of strong buy or buy recommendations from analysts suggests a cautious outlook on the company's stock.

Revenue grew at a 12.1% CAGR over four years, demonstrating strong top-line expansion despite recent volatility.

The stock trades at 0.35 THB, offering 74.3% upside to the mean analyst price target of 0.61 THB.

Cash conversion ratio of 2.85 ranks in the top quartile, significantly outperforming the cohort median of 0.29.

Long-term debt decreased to 13.8 billion THB in FY2025, reflecting a reduction in leverage from prior periods.

The company carries a high credit risk flag, indicating significant concerns regarding its ability to meet obligations.

Debt-to-equity ratio of 1.43 is in the bottom quartile, far exceeding the cohort median of 0.52.

Revenue THB 1.39B; Operating income THB 28.6M.

• ▍Revenue THB 1.39B
• ▍Operating income THB 28.6M
• ▍Net margin -0.0%

Revenue THB 1.12B; Operating income -THB 18.3M.

• ▍Revenue THB 1.12B
• ▍Operating income -THB 18.3M
• ▍Net margin 2.4%

Revenue THB 1.29B; Operating income THB 512.1M.

• ▍Revenue THB 1.29B
• ▍Operating income THB 512.1M
• ▍Net margin 10.4%

Revenue THB 2.00B; Operating income THB 196.7M.

• ▍Revenue THB 2.00B
• ▍Operating income THB 196.7M
• ▍Net margin 9.8%

Revenue THB 5.63B, −3,0% YoY; Operating income −8,0% YoY.

• ▍Revenue THB 5.63B, −3,0% YoY
• ▍Operating income −8,0% YoY
• ▍Net income −84,7% YoY
• ▍Free cash flow −109,8% YoY
• ▍Net margin 1.0%

Revenue THB 5.81B, +73,0% YoY; Operating income +186,4% YoY.

• ▍Revenue THB 5.81B, +73,0% YoY
• ▍Operating income +186,4% YoY
• ▍Net income +140,9% YoY
• ▍Free cash flow +150,1% YoY
• ▍Net margin 6.3%

Revenue THB 3.36B, +9,5% YoY; Operating income −2 723,9% YoY.

• ▍Revenue THB 3.36B, +9,5% YoY
• ▍Operating income −2 723,9% YoY
• ▍Net income −199,9% YoY
• ▍Free cash flow −832,2% YoY
• ▍Net margin -26.4%

Revenue THB 3.06B, −14,0% YoY; Operating income −81,9% YoY.

• ▍Revenue THB 3.06B, −14,0% YoY
• ▍Operating income −81,9% YoY
• ▍Net income +35,3% YoY
• ▍Free cash flow +62,9% YoY
• ▍Net margin -9.7%

Revenue THB 3.56B; Operating income THB 176.6M.

• ▍Revenue THB 3.56B
• ▍Operating income THB 176.6M
• ▍Net margin -12.8%