Sena Development PCL

Sena Development PCL has a debt-to-equity ratio of 1.59, indicating a moderate reliance on debt financing, and a current ratio of 1.62, suggesting adequate short-term liquidity to cover its obligations. The company's return on equity is 1.34%, and its return on assets is 0.45%, both of which are below the typical thresholds for strong profitability in the real estate industry.

The company's profitability is reflected in its net income of 110,946,060 THB, with a net profit margin of 15.0% (calculated as net income divided by revenue). However, this margin is lower than the median for the real estate development and operations industry, indicating room for improvement in cost management and pricing strategies.

Sena Development PCL's revenue is primarily concentrated in its core real estate development and operations business, with no disclosed geographic diversification. The company's operations are likely centered in Thailand, given the THB financial reporting and the absence of international revenue breakdowns.

The company's growth trajectory is modest, with a current FY revenue of 741,051,260 THB and a free cash flow of 114,470,320 THB. While the company is generating positive free cash flow, the operating cash flow is negative at -190,592,620 THB, indicating potential challenges in converting operations into cash.

The risk assessment for Sena Development PCL highlights a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could pose a challenge in maintaining liquidity under stress scenarios. However, the low dilution risk suggests that the company is not expected to issue additional shares in the near term, preserving shareholder value.

Recent events and filings indicate that the company has not disclosed any major strategic shifts or significant capital-raising activities. The latest analyst estimates for revenue and EPS align with the reported figures, suggesting a stable performance in the recent fiscal period.

Revenue reached 5.15 billion THB in FY2025, showing growth from 3.68 billion THB in FY2022.

Gross profit expanded to 1.66 billion THB in FY2025, up from 1.52 billion THB in FY2022.

Dilution risk is assessed as low, suggesting limited immediate threat to existing shareholder equity value.

Debt-to-equity ratio of 1.59 places the company in the bottom quartile, signaling excessive leverage compared to peers.

Credit risk is flagged as high, posing significant potential for financial distress or default events.

Return on equity of 1.34% trails the 1.94% cohort median, showing inefficient use of shareholder capital.

Revenue THB 5.15B, +54,8% YoY; Operating income +92,8% YoY.

• ▍Revenue THB 5.15B, +54,8% YoY
• ▍Operating income +92,8% YoY
• ▍Net income −19,0% YoY
• ▍Free cash flow +131,7% YoY
• ▍Net margin 6.3%

Revenue THB 3.66B, −0,4% YoY; Operating income −51,9% YoY.

• ▍Revenue THB 3.66B, −0,4% YoY
• ▍Operating income −51,9% YoY
• ▍Net income −55,0% YoY
• ▍Free cash flow −4,4% YoY
• ▍Net margin 11.1%

Revenue THB 3.68B, +21,0% YoY; Operating income +15,0% YoY.

• ▍Revenue THB 3.68B, +21,0% YoY
• ▍Operating income +15,0% YoY
• ▍Net income −27,8% YoY
• ▍Free cash flow −63,9% YoY
• ▍Net margin 24.6%