Master Style Public Company Limited(TH:MASTER)
฿8.35+0.10 (+1.21%)
TH:MASTER
Master Style Public Company Limited financials statements
฿8.35
At close:+0.10 (+1.21%)
Master Style Public Company Limited (MASTER) Ratios
Master Style Public Company Limited Ratios
TH:MASTER's free cash flow for Q2 2026 was ฿73.94M. For the 2026 fiscal year, TH:MASTER's free cash flow was decreased by ฿-19.97M and operating cash flow was ฿93.91M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.88 | 0.73 | 5.38 | 1.33 | 1.19 |
| Quick Ratio | 0.56 | 0.47 | 5.09 | 1.08 | 1.10 |
| Cash Ratio | 0.27 | 0.40 | 1.80 | 0.39 | 0.63 |
| Solvency Ratio | 0.43 | 0.64 | 0.74 | 0.62 | 0.45 |
| Operating Cash Flow Ratio | 0.73 | 1.11 | 1.33 | 1.55 | 0.76 |
| Short-Term Operating Cash Flow Coverage | 1.68 | 3.22 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | ฿ -467.51M | ฿ -664.77M | ฿ 1.22B | ฿ -212.21M | ฿ -91.60M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.14 | 0.15 | 0.08 | 0.32 | 0.25 |
| Debt-to-Equity Ratio | 0.17 | 0.20 | 0.10 | 0.76 | 0.89 |
| Debt-to-Capital Ratio | 0.15 | 0.17 | 0.09 | 0.43 | 0.47 |
| Long-Term Debt-to-Capital Ratio | 0.03 | 0.06 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.24 | 1.29 | 1.22 | 2.34 | 3.60 |
| Debt Service Coverage Ratio | 1.75 | 3.66 | 34.69 | 37.86 | 28.99 |
| Interest Coverage Ratio | 8.87 | 32.43 | 37.80 | 41.50 | 30.53 |
| Debt to Market Cap | 0.13 | 0.03 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 2.06 | 2.36 | 1.03 | 1.05 | 0.51 |
| Net Debt to EBITDA | 1.16 | 0.64 | -0.57 | 0.50 | -0.14 |
| Profitability Margins | |||||
| Gross Profit Margin | 48.58% | 59.93% | 59.05% | 56.37% | 52.75% |
| EBIT Margin | 13.78% | 30.74% | 27.38% | 26.06% | 32.02% |
| EBITDA Margin | 22.11% | 36.70% | 30.59% | 28.44% | 36.72% |
| Operating Profit Margin | 13.78% | 28.05% | 27.38% | 25.53% | 32.02% |
| Pretax Profit Margin | 13.16% | 29.87% | 27.18% | 25.44% | 31.00% |
| Net Profit Margin | 10.50% | 24.47% | 21.72% | 20.30% | 24.68% |
| Continuous Operations Profit Margin | 10.50% | 24.47% | 21.72% | 20.30% | 24.68% |
| Net Income Per EBT | 79.81% | 81.91% | 79.90% | 79.78% | 79.62% |
| EBT Per EBIT | 95.50% | 106.51% | 99.28% | 99.64% | 96.81% |
| Return on Assets (ROA) | 4.62% | 11.56% | 11.45% | 31.79% | 27.14% |
| Return on Equity (ROE) | 5.74% | 14.89% | 13.92% | 74.53% | 97.69% |
| Return on Capital Employed (ROCE) | 6.71% | 14.81% | 15.95% | 54.22% | 67.68% |
| Return on Invested Capital (ROIC) | 5.11% | 11.65% | 12.74% | 42.32% | 52.71% |
| Return on Tangible Assets | 4.63% | 11.57% | 11.47% | 32.01% | 27.50% |
| Earnings Yield | 8.81% | 3.83% | 2.74% | 2.73% | 1.47% |
| Efficiency Ratios | |||||
| Receivables Turnover | 21.16 | 145.03 | 271.03 | 302.16 | 236.49 |
| Payables Turnover | 46.57 | 28.62 | 31.95 | 37.60 | 29.07 |
| Inventory Turnover | 7.28 | 7.09 | 7.81 | 10.35 | 11.80 |
| Fixed Asset Turnover | 1.19 | 1.24 | 1.40 | 2.52 | 6.89 |
| Asset Turnover | 0.44 | 0.47 | 0.53 | 1.57 | 1.10 |
| Working Capital Turnover Ratio | -21.18 | 3.06 | 2.39 | 21.81 | 6.46 |
| Cash Conversion Cycle | 59.56 | 41.21 | 36.67 | 26.77 | 19.92 |
| Days of Sales Outstanding | 17.25 | 2.52 | 1.35 | 1.21 | 1.54 |
| Days of Inventory Outstanding | 50.15 | 51.45 | 46.75 | 35.27 | 30.93 |
| Days of Payables Outstanding | 7.84 | 12.75 | 11.43 | 9.71 | 12.56 |
| Operating Cycle | 67.40 | 53.97 | 48.09 | 36.48 | 32.48 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.00 | 1.75 | 1.55 | 1.28 | 0.72 |
| Free Cash Flow Per Share | 0.89 | 0.16 | -0.95 | 0.58 | 0.67 |
| Dividend Paid and CapEx Coverage Ratio | 1.10 | 1.09 | 0.56 | 0.62 | 1.86 |
| Capital Expenditure Coverage Ratio | 9.19 | 1.10 | 0.62 | 1.84 | 13.28 |
| Operating Cash Flow Coverage Ratio | 0.51 | 0.76 | 1.57 | 1.26 | 1.48 |
| Operating Cash Flow to Sales Ratio | 0.16 | 0.25 | 0.24 | 0.26 | 0.33 |
| Free Cash Flow Yield | 11.95% | 0.36% | -1.87% | 1.60% | 1.83% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 11.29 | 26.16 | 36.51 | 36.59 | 67.76 |
| Price-to-Sales (P/S) Ratio | 1.19 | 6.39 | 7.92 | 7.45 | 16.74 |
| Price-to-Book (P/B) Ratio | 0.65 | 3.89 | 5.07 | 27.34 | 66.25 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 8.37 | 281.50 | -53.44 | 62.68 | 54.70 |
| Price-to-Operating Cash Flow Ratio | 7.46 | 25.82 | 32.84 | 28.69 | 50.58 |
| Price-to-Earnings Growth (PEG) Ratio | -0.18 | 1.07 | 0.94 | 0.43 | 2.65 |
| Enterprise Value Multiple | 6.55 | 18.07 | 25.32 | 26.68 | 45.44 |
| Enterprise Value | 2.73B | 14.16B | 14.85B | 11.25B | 11.01B |
| EV to EBITDA | 6.55 | 18.07 | 25.32 | 26.68 | 45.44 |
| EV to Sales | 1.45 | 6.63 | 7.75 | 7.59 | 16.69 |
| EV to Free Cash Flow | 10.16 | 291.88 | -52.27 | 63.87 | 54.53 |
| EV to Operating Cash Flow | 9.06 | 26.77 | 32.12 | 29.23 | 50.43 |
| Tangible Book Value Per Share | 11.42 | 11.61 | 9.98 | 1.32 | 0.53 |
| Shareholders’ Equity Per Share | 11.44 | 11.63 | 10.00 | 1.34 | 0.55 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.20 | 0.18 | 0.20 | 0.20 | 0.20 |
| Revenue Per Share | 6.25 | 7.08 | 6.41 | 4.91 | 2.19 |
| Net Income Per Share | 0.66 | 1.73 | 1.39 | 1.00 | 0.54 |
| Tax Burden | 0.80 | 0.82 | 0.80 | 0.80 | 0.80 |
| Interest Burden | 0.96 | 0.97 | 0.99 | 0.98 | 0.97 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.40 | 0.33 | 0.33 | 0.31 | 0.25 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.52 | 0.83 | 1.11 | 1.28 | 1.07 |
Currency in THB
