Planet Communications Asia Public Company Limited

PLANET.BK

Communication Equipment · Technology

Exchange

Stock Exchange of Thailand

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Winston Score History

The full picture

Planet Communications Asia Public Company Limited is a Thai technology company that sells and distributes communication equipment and related solutions. Its core products include networking gear, wireless systems, and IT infrastructure equipment, sold mainly to businesses, government agencies, and telecom operators in Thailand and the broader Southeast Asian region. The company acts as a distributor and integrator, connecting global hardware brands with local buyers.

The company earns money primarily by reselling equipment and providing system integration services, meaning it buys products from manufacturers and sells them to end customers, sometimes bundling installation and support. It operates mainly in Thailand, with a market capitalization of roughly 0.4 billion USD, and its competitive position depends heavily on vendor relationships and local market knowledge rather than proprietary technology. The negative operating margin and low gross margin of around 16.5% highlight the main risk: distribution businesses face thin profits and intense price competition, making it difficult to consistently generate returns for shareholders.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+0.0% YoY

YoY Growth Rate

Slow EPS growth

Insider Activity

48.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

201M THB cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Planet Communications Asia Public Company Limited is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

11.1%

Thin — 11.1% gross margin

Profit after running costs

Operating Margin

-31.8%

Losing money on operations — -31.8%

Return on the money invested

ROCE

-4.4%

Weak — -4.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-17.1%

Shrinking sales (-17.1% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-0.8%

Burning cash (-0.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.39

Conservative — low debt load (0.39)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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