Nava Nakorn PCL
Nava Nakorn PCL operates in the utilities sector, providing electricity generation, transmission, and distribution services in Thailand.
Business. Nava Nakorn PCL (NNCL.BK) is a multiline utilities company headquartered in Thailand. The firm operates within the utilities sector, providing regulated utility services. It is primarily listed on the Stock Exchange of Thailand (SET). Specific operating segments and geographic revenue breakdowns are not disclosed in the available data.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Nava Nakorn PCL (NNCL.BK) is a multiline utilities company headquartered in Thailand. The firm operates within the utilities sector, providing regulated utility services. It is primarily listed on the Stock Exchange of Thailand (SET). Specific operating segments and geographic revenue breakdowns are not disclosed in the available data.
Nava Nakorn PCL maintains a strong liquidity position, with a current ratio of 8.36, indicating a significant buffer of current assets over current liabilities. The company's cash and equivalents amount to 400.5 million THB, and its free cash flow stands at 118.4 million THB, supporting operational flexibility and capital allocation.
Profitability metrics show a return on equity (ROE) of 4.24% and a return on assets (ROA) of 3.42%, which are below the industry median for multiline utilities. This suggests that the company is generating returns, but at a slower pace 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 and regulatory shifts, particularly in Thailand.
Looking ahead, the company is projected to maintain stable revenue growth, with no significant changes expected in the near term. Historical revenue of 278.5 million THB reflects a consistent performance, though no growth acceleration is anticipated.
Risk factors remain low, with no immediate liquidity or dilution concerns identified. The company's debt-to-equity ratio is 0.04, indicating a conservative capital structure with minimal leverage.
Recent filings and transcripts do not highlight any material events or strategic shifts. The company continues to operate within its established utility framework, with no disclosed plans for major expansion or restructuring.
- Nava Nakorn PCL maintains a strong liquidity position with a current ratio of 8.36.
- The company's ROE and ROA are below industry medians, indicating moderate profitability.
- Revenue is concentrated in a single segment with no geographic diversification.
- No immediate liquidity or dilution risks are present.
- The company's conservative capital structure supports financial stability.
Bull / Bear case
Generated · model-assistedDebt-to-equity ratio of 0.04 is well below the 0.84 median, reflecting a highly conservative and low-leverage capital structure.
The company generated positive free cash flow of 108.5 million THB in FY0, ensuring liquidity for operations.
Low risk levels for dilution, liquidity, and credit suggest a stable operational environment with minimal immediate financial threats.
Net income declined 22.4% year-over-year to 306.9 million THB, signaling a significant deterioration in recent profitability.
Net income CAGR of -8.6% over four years indicates a persistent long-term downward trend in earnings generation.
Revenue growth of only 2.4% year-over-year highlights stagnant top-line expansion in a competitive utility sector.
Cash conversion ratio of 1.05 is below the 1.33 cohort median, indicating weaker cash generation relative to earnings.
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- Nava Nakorn PCL Market data — financials · 2026-05-28