Mono Next PCL FY loss shr 0.12 baht
TL;DR
Mono Next PCL reported a FY2024 net loss of 796.71 million baht (0.23 baht per share), worsening from previous years due to declining revenue and profitability. Key financial ratios like ROE of -96.27% and high debt levels signal financial distress and bankruptcy risk. Investors should watch for operational improvements or debt restructuring in future reports.
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Mono Next PCL FY loss shr 0.12 baht
Mono Next PCL Reports FY2024 Loss of 0.23 Baht Per Share Amid Declining Profitability
Mono Next PCL (BKK: MONO) reported a net loss of 796.71 million baht for the fiscal year ended December 31, 2024, translating to a loss per share of 0.23 baht. This marks a significant deterioration from a loss of 255.14 million baht (0.07 baht per share) in FY2023 and a profit of 69.33 million baht (0.02 baht per share) in FY2022.
Revenue for FY2024 totaled 1.81 billion baht, down from 1.88 billion baht in 2023 and 2.08 billion baht in 2022. Despite a 29.72% gross margin, the company posted an operating loss of 411.34 million baht, with net profit margins contracting to -43.34%. The decline in profitability is reflected in key financial ratios, including a -96.27% return on equity (ROE) and a debt-to-equity ratio of 5.31 times.
The company's balance sheet shows total liabilities of 2.27 billion baht as of December 2024, compared to shareholders' equity of 427.89 million baht, resulting in a net cash position of -1.39 billion baht. While operating cash flow reached 929.58 million baht in the past 12 months, net losses and high debt levels have strained liquidity. The Altman Z-Score of -0.88 and Piotroski F-Score of 3 further signal financial distress and elevated bankruptcy risk.
Valuation metrics highlight a disconnect between cash flow and profitability. The stock trades at a price-to-free-cash-flow (P/FCF) ratio of 3.74 and a price-to-book (PB) ratio of 11.53. Despite generating 919.49 million baht in free cash flow, the company's enterprise value of 4.83 billion baht and elevated EV/EBITDA ratio of 175.47 underscore investor skepticism.
The stock has declined 6.60% over the past 52 weeks, with a low beta of 0.21 indicating minimal price volatility. Analysts note that without meaningful operational improvements or debt restructuring, Mono Next PCL's financial challenges may persist. Investors are advised to monitor the company's February 25, 2026, earnings report for further clarity on its strategic direction.
