Univentures PCL

Univentures PCL maintains a capital structure with a debt-to-equity ratio of 1.85, indicating a relatively high leverage position compared to industry norms. The company's liquidity position is characterized by a current ratio of 1.37, suggesting moderate short-term liquidity. However, the firm's cash and equivalents of 790.98 million THB are insufficient to cover its long-term debt of 20,318.87 million THB, resulting in a negative net cash position.

Profitability metrics reveal a challenging operating environment for Univentures PCL. The company reported a net loss of 40.08 million THB, with a return on equity of -0.36% and a return on assets of -0.10%. These figures are below the industry median for real estate development and operations, indicating underperformance in asset utilization and capital returns.

Geographically, Univentures PCL's revenue is concentrated in Thailand, with no disclosed international operations. The company's revenue concentration in a single market exposes it to local economic and regulatory risks, particularly in the real estate sector, which is sensitive to macroeconomic fluctuations.

The company's growth trajectory appears subdued, with a reported revenue of 3.77 billion THB in the latest period. While operating cash flow stands at 1.59 billion THB, the free cash flow of 142.34 million THB is relatively low, limiting the firm's capacity for reinvestment or debt reduction. Analysts have recorded a last actual revenue of 1.14 billion THB, which is significantly lower than the company's reported revenue, suggesting potential discrepancies or seasonal variations.

Risk factors for Univentures PCL include its high debt load and negative net cash position, which could constrain financial flexibility. The firm's liquidity risk is rated as medium, and while dilution risk is currently low, the presence of long-term debt and potential capital needs could increase dilution pressure in the future.

Recent filings and transcripts indicate that the company is navigating a challenging real estate market, with ongoing efforts to optimize asset utilization and manage debt. The firm's capital expenditure of -146.32 million THB suggests a reduction in investment activity, which may reflect a strategic shift or financial constraints.

Free cash flow grew 11.2% year-over-year to THB 864.5 million, demonstrating improved cash generation capabilities despite revenue declines.

Long-term debt decreased to THB 17.0 billion in 2009, reflecting a consistent deleveraging trend from THB 22.0 billion in 2006.

Operating income remained robust at THB 1.18 billion in 2009, showing resilience in core operational profitability despite net loss.

Gross profit maintained a healthy level of THB 2.2 billion in 2009, indicating stable underlying margins before operating expenses.

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

Debt-to-equity ratio stands at 1.85, placing the company in the bottom quartile of its real estate cohort.

Credit risk is flagged as high, indicating significant potential for financial distress or default given the current leverage profile.

Revenue THB 3.15B, −13,6% YoY; Operating income −49,7% YoY.

• ▍Revenue THB 3.15B, −13,6% YoY
• ▍Operating income −49,7% YoY
• ▍Net income −127,9% YoY
• ▍Free cash flow −32,1% YoY
• ▍Net margin -0.7%

Revenue THB 3.42B, −11,1% YoY; Operating income −34,3% YoY.

• ▍Revenue THB 3.42B, −11,1% YoY
• ▍Operating income −34,3% YoY
• ▍Net income −163,7% YoY
• ▍Free cash flow −35,4% YoY
• ▍Net margin -1.1%

Revenue THB 3.53B, −12,8% YoY; Operating income −22,5% YoY.

• ▍Revenue THB 3.53B, −12,8% YoY
• ▍Operating income −22,5% YoY
• ▍Net income +23,1% YoY
• ▍Free cash flow +86,3% YoY
• ▍Net margin -0.9%

Revenue THB 3.56B, −5,6% YoY; Operating income +23,7% YoY.

• ▍Revenue THB 3.56B, −5,6% YoY
• ▍Operating income +23,7% YoY
• ▍Net income −29,3% YoY
• ▍Free cash flow +34,7% YoY
• ▍Net margin -1.5%

Revenue THB 3.65B; Operating income THB 502.0M.

• ▍Revenue THB 3.65B
• ▍Operating income THB 502.0M
• ▍Net margin 2.1%

Revenue THB 4.05B; Operating income THB 302.8M.

• ▍Revenue THB 4.05B
• ▍Operating income THB 302.8M
• ▍Net margin -1.1%

Revenue THB 3.85B; Operating income THB 345.7M.

• ▍Revenue THB 3.85B
• ▍Operating income THB 345.7M
• ▍Net margin 1.5%

Revenue THB 3.77B; Operating income THB 172.2M.

• ▍Revenue THB 3.77B
• ▍Operating income THB 172.2M
• ▍Net margin -1.1%

Revenue THB 14.17B, −9,3% YoY; Operating income −1,4% YoY.

• ▍Revenue THB 14.17B, −9,3% YoY
• ▍Operating income −1,4% YoY
• ▍Net income −302,9% YoY
• ▍Free cash flow +11,2% YoY
• ▍Net margin -0.3%

Revenue THB 15.63B, −5,5% YoY; Operating income −32,6% YoY.

• ▍Revenue THB 15.63B, −5,5% YoY
• ▍Operating income −32,6% YoY
• ▍Net income −95,7% YoY
• ▍Free cash flow −30,4% YoY
• ▍Net margin 0.1%

Revenue THB 16.54B, +9,2% YoY; Operating income +167,7% YoY.

• ▍Revenue THB 16.54B, +9,2% YoY
• ▍Operating income +167,7% YoY
• ▍Net income +207,3% YoY
• ▍Free cash flow +190,8% YoY
• ▍Net margin 3.1%

Revenue THB 15.14B, +386,7% YoY; Operating income +1 267,9% YoY.

• ▍Revenue THB 15.14B, +386,7% YoY
• ▍Operating income +1 267,9% YoY
• ▍Net income +456,4% YoY
• ▍Free cash flow +1 650,6% YoY
• ▍Net margin 1.1%