Forth Smart Service Public Company Limited(TH:FSMART)
฿6.35+0.15 (+2.42%)
TH:FSMART
Forth Smart Service Public Company Limited financials statements
฿6.35
At close:+0.15 (+2.42%)
Forth Smart Service Public Company Limited (FSMART) Ratios
Forth Smart Service Public Company Limited Ratios
TH:FSMART's free cash flow for Q2 2026 was ฿-120.05M. For the 2026 fiscal year, TH:FSMART's free cash flow was decreased by ฿-25.96M and operating cash flow was ฿-94.09M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.14 | 0.92 | 0.97 | 0.82 | 0.83 |
| Quick Ratio | 1.10 | 0.88 | 0.94 | 0.79 | 0.81 |
| Cash Ratio | 0.23 | 0.12 | 0.13 | 0.18 | 0.22 |
| Solvency Ratio | 0.41 | 0.37 | 0.45 | 0.46 | 0.51 |
| Operating Cash Flow Ratio | 0.28 | -0.13 | 0.38 | 0.38 | 0.61 |
| Short-Term Operating Cash Flow Coverage | 0.77 | -0.29 | 2.50 | 1.72 | 2.93 |
| Net Current Asset Value | ฿ -17.97M | ฿ -236.07M | ฿ -143.84M | ฿ -397.41M | ฿ -412.47M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.24 | 0.28 | 0.12 | 0.17 | 0.17 |
| Debt-to-Equity Ratio | 0.50 | 0.72 | 0.29 | 0.42 | 0.43 |
| Debt-to-Capital Ratio | 0.34 | 0.42 | 0.22 | 0.30 | 0.30 |
| Long-Term Debt-to-Capital Ratio | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 2.12 | 2.55 | 2.34 | 2.51 | 2.61 |
| Debt Service Coverage Ratio | 0.45 | 0.89 | 3.12 | 2.07 | 2.53 |
| Interest Coverage Ratio | 8.09 | 30.22 | 25.41 | 29.66 | 25.27 |
| Debt to Market Cap | 0.16 | 0.14 | 0.04 | 0.04 | 0.04 |
| Interest Debt Per Share | 1.21 | 1.25 | 0.46 | 0.64 | 0.68 |
| Net Debt to EBITDA | 1.12 | 0.79 | 0.18 | 0.22 | 0.12 |
| Profitability Margins | |||||
| Gross Profit Margin | 25.02% | 23.12% | 18.01% | 15.54% | 18.48% |
| EBIT Margin | 10.73% | 25.79% | 18.44% | 15.27% | 18.83% |
| EBITDA Margin | 20.00% | 39.90% | 38.78% | 36.97% | 38.21% |
| Operating Profit Margin | 10.73% | 24.54% | 15.35% | 15.27% | 18.83% |
| Pretax Profit Margin | 33.42% | 24.98% | 17.84% | 16.75% | 18.08% |
| Net Profit Margin | 26.99% | 19.74% | 14.75% | 13.64% | 14.98% |
| Continuous Operations Profit Margin | 26.99% | 19.74% | 14.75% | 13.64% | 14.98% |
| Net Income Per EBT | 80.77% | 79.04% | 82.68% | 81.40% | 82.85% |
| EBT Per EBIT | 311.46% | 101.79% | 116.21% | 109.70% | 96.04% |
| Return on Assets (ROA) | 15.92% | 13.08% | 10.94% | 10.65% | 13.62% |
| Return on Equity (ROE) | 33.68% | 33.34% | 25.57% | 26.77% | 35.49% |
| Return on Capital Employed (ROCE) | 11.71% | 38.82% | 24.47% | 27.27% | 40.09% |
| Return on Invested Capital (ROIC) | 7.15% | 18.98% | 17.04% | 17.43% | 25.70% |
| Return on Tangible Assets | 16.26% | 13.29% | 11.16% | 10.91% | 13.92% |
| Earnings Yield | 11.99% | 7.08% | 5.16% | 3.11% | 4.43% |
| Efficiency Ratios | |||||
| Receivables Turnover | 1.65 | 1.65 | 1.99 | 2.57 | 3.20 |
| Payables Turnover | 12.02 | 2.46 | 1.86 | 2.13 | 2.45 |
| Inventory Turnover | 27.02 | 21.21 | 37.41 | 44.76 | 58.99 |
| Fixed Asset Turnover | 5.82 | 5.12 | 3.12 | 2.32 | 2.08 |
| Asset Turnover | 0.59 | 0.66 | 0.74 | 0.78 | 0.91 |
| Working Capital Turnover Ratio | 52.77 | -22.90 | -12.42 | -7.75 | -6.13 |
| Cash Conversion Cycle | 204.68 | 90.78 | -3.49 | -20.79 | -28.81 |
| Days of Sales Outstanding | 221.54 | 221.77 | 182.99 | 142.25 | 114.09 |
| Days of Inventory Outstanding | 13.51 | 17.21 | 9.76 | 8.15 | 6.19 |
| Days of Payables Outstanding | 30.37 | 148.20 | 196.24 | 171.20 | 149.08 |
| Operating Cycle | 235.05 | 238.98 | 192.75 | 150.40 | 120.27 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.64 | -0.32 | 0.74 | 0.80 | 1.36 |
| Free Cash Flow Per Share | 0.46 | -0.40 | 0.59 | 0.59 | 1.20 |
| Dividend Paid and CapEx Coverage Ratio | 1.80 | -0.66 | 1.50 | 1.31 | 1.89 |
| Capital Expenditure Coverage Ratio | 3.64 | -4.14 | 4.91 | 3.79 | 8.49 |
| Operating Cash Flow Coverage Ratio | 0.55 | -0.26 | 1.64 | 1.27 | 2.10 |
| Operating Cash Flow to Sales Ratio | 0.22 | -0.11 | 0.27 | 0.27 | 0.38 |
| Free Cash Flow Yield | 7.11% | -4.92% | 7.56% | 4.56% | 10.02% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 8.33 | 14.12 | 19.38 | 32.25 | 22.64 |
| Price-to-Sales (P/S) Ratio | 2.25 | 2.79 | 2.86 | 4.39 | 3.38 |
| Price-to-Book (P/B) Ratio | 2.81 | 4.71 | 4.95 | 8.61 | 8.02 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 14.07 | -20.31 | 13.22 | 21.95 | 9.98 |
| Price-to-Operating Cash Flow Ratio | 10.21 | -25.21 | 10.54 | 16.16 | 8.81 |
| Price-to-Earnings Growth (PEG) Ratio | 0.23 | 0.33 | 0.00 | -1.31 | -1.73 |
| Enterprise Value Multiple | 12.38 | 7.78 | 7.55 | 12.09 | 8.98 |
| Enterprise Value | 5.38B | 6.77B | 5.94B | 9.89B | 9.16B |
| EV to EBITDA | 12.38 | 7.78 | 7.55 | 12.09 | 8.98 |
| EV to Sales | 2.48 | 3.10 | 2.93 | 4.47 | 3.43 |
| EV to Free Cash Flow | 15.47 | -22.62 | 13.54 | 22.35 | 10.12 |
| EV to Operating Cash Flow | 11.22 | -28.08 | 10.79 | 16.45 | 8.93 |
| Tangible Book Value Per Share | 2.21 | 1.64 | 1.49 | 1.41 | 1.41 |
| Shareholders’ Equity Per Share | 2.31 | 1.71 | 1.56 | 1.50 | 1.50 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.19 | 0.21 | 0.17 | 0.19 | 0.17 |
| Revenue Per Share | 2.89 | 2.89 | 2.71 | 2.94 | 3.55 |
| Net Income Per Share | 0.78 | 0.57 | 0.40 | 0.40 | 0.53 |
| Tax Burden | 0.81 | 0.79 | 0.83 | 0.81 | 0.83 |
| Interest Burden | 3.11 | 0.97 | 0.97 | 1.10 | 0.96 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.15 | 0.12 | 0.14 | 0.13 | 0.11 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 0.82 | -0.44 | 1.52 | 1.62 | 2.13 |
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