World Flex PCL

WFX · BK · Consumer Cyclical / Textile Manufacturing

1.02THB-0.02 (-1.92%)

Price History

Full chart

Market Stats

Previous Close1.04

Open1.04

Day Range1.00 – 1.04

52-Week Range0.49 – 1.47

Volume284.31K

Market Cap496.69M

P/E (TTM)0.00

Forward P/E11.10

EPS-0.05

Dividend Yield0.00%

Beta-0.39

50-Day Avg1.07

200-Day Avg0.9674

About

World Flex Public Company Limited manufactures and sells latex thread products in Thailand. The company provides rubber threads coated with talcum and polymer. Its products are used in various applications, such as sock tops, pantyhose tops, orthopedic knit sockings, hosiery, light ribbons, alimentary and medical nettings, loom fabrics and warps, woofs, raschel fabrics, braids, laces, cords, and belts for furniture. The company offers its products under the WFX, THAITEX, QUALIFLEX, CHANG THAI, PEGASUS RED, PEGASUS BLUE, and LT RUBBER brands. It also operates in the People's Republic of China, the rest of Asia, Europe, South America, Africa, and North America. The company was founded in 1991 and is headquartered in Bangkok, Thailand. World Flex Public Company Limited operates as a subsidiary of Thai Rubber Latex Group Public Company Limited.

Company Details

SectorConsumer Cyclical
IndustryTextile Manufacturing
CEOMr. Chawalit Tiyadechachai
Employees0
HeadquartersRoom 3B Soi Bangna-Trad 34, Bangkok, Thailand, 10260, Thailand
Websitehttps://www.worldflex.net

Leadership

Mr. Chawalit TiyadechachaiCEO & Director · b. 1974
Mr. Nat VongsasuttikulMD & Director · b. 1978
Ms. Kittiya PliksangAssistant Managing Director of Accounting & Finance · b. 1984
Ms. Suphaphimnipa ThanapreeyakulHead of Investor Relations · b. 1970
Ms. Jittinun AriyapongpaisalHead of Internal Audit
Ms. Worapol PhimukphakdeeAssistant to Managing Support, Division · b. 1979

Financials

Income Statement

Currency: THB	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.73B	1.84B	2.04B	2.40B	3.77B	3.67B	2.74B	3.06B	2.14B
Growth (%)	-	+6.21%	+10.93%	+17.67%	+57.12%	-2.43%	-25.33%	+11.56%	-30.05%
Cost of Revenue	1.68B	1.75B	1.94B	2.22B	3.06B	3.31B	2.78B	3.09B	2.16B
Gross Profit	49.81M	87.18M	96.86M	177.97M	704.12M	365.56M	-36.10M	-26.83M	-19.89M
Gross Margin	2.88%	4.75%	4.76%	7.42%	18.70%	9.95%	-1.32%	-0.88%	-0.93%
Operating Expense	42.36M	61.82M	55.64M	96.37M	245.51M	122.88M	83.17M	73.00M	88.86M
Operating Income	7.45M	25.37M	41.22M	81.60M	458.61M	242.68M	-119.28M	-99.83M	-108.75M
Operating Margin	0.43%	1.38%	2.02%	3.40%	12.18%	6.60%	-4.35%	-3.26%	-5.08%
EBITDA	45.91M	80.72M	102.33M	150.11M	532.12M	367.30M	44.07M	66.15M	48.38M
EBITDA Margin	2.66%	4.40%	5.02%	6.26%	14.13%	10.00%	1.61%	2.16%	2.26%
Net Income	1.70M	19.22M	7.72M	57.81M	359.10M	198.49M	-141.19M	-130.38M	-87.00M
Net Income Margin	0.10%	1.05%	0.38%	2.41%	9.54%	5.40%	-5.15%	-4.26%	-4.06%
Interest Expense	-	0	23.61M	16.36M	12.25M	275.00K	19.88M	32.66M	14.74M
Interest Expense % of Total Revenue	-	0.00%	1.16%	0.68%	0.33%	0.01%	0.72%	1.07%	0.69%

Balance Sheet

Currency: THB	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.42B	1.43B	1.36B	1.69B	2.95B	2.96B	2.59B	2.46B	2.26B
Total Liabilities	900.72M	895.58M	815.32M	860.07M	910.59M	831.67M	703.75M	699.40M	532.99M
Total Equity	516.46M	537.56M	545.28M	827.86M	2.04B	2.13B	1.89B	1.76B	1.73B
Cash	13.22M	25.06M	9.16M	24.22M	605.61M	292.46M	32.61M	17.44M	11.95M
Total Debt	495.44M	556.60M	452.26M	394.45M	96.55M	341.84M	266.78M	344.03M	201.20M
Net Debt	482.22M	531.54M	443.10M	370.23M	-509.06M	49.38M	234.17M	326.59M	189.26M

Cash Flow

Currency: THB	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	30.94M	18.21M	145.90M	245.65M	480.56M	166.80M	17.14M	-9.39M	154.87M
Investing Cash Flow	13.10M	-42.53M	-32.64M	-147.99M	-532.93M	-493.94M	-84.66M	-52.96M	-16.03M
Financing Cash Flow	-33.79M	36.17M	-129.16M	-82.57M	633.67M	13.90M	-192.33M	47.11M	-144.34M
Capital Expenditure	10.42M	42.60M	43.26M	149.00M	533.61M	494.53M	87.15M	53.58M	18.02M
Free Cash Flow	20.52M	-24.39M	102.64M	96.65M	-53.05M	-327.73M	-70.01M	-62.98M	136.86M
Dividends Paid	-	40.27M	40.27M	40.27M	40.27M	215.84M	97.48M	0	0
FCF to OCF	66.33%	-133.94%	70.35%	39.35%	-11.04%	-196.48%	-408.39%	670.86%	88.37%
Dividend Paid to FCF	-	-165.13%	39.24%	41.67%	-75.92%	-65.86%	-139.25%	0.00%	0.00%

Earnings

Report Date	Feb 23, 2022	Jun 1, 2022	Aug 31, 2022	Dec 21, 2022	Feb 23, 2023	May 10, 2023	Aug 9, 2023	Nov 8, 2023	Feb 21, 2024	May 9, 2024	Aug 7, 2024	Dec 18, 2024	Feb 19, 2025	May 15, 2025	Aug 14, 2025	Nov 10, 2025	Feb 26, 2026	May 14, 2026	Aug 12, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.37	0.24	0.16	0.01	0.02	-0.09	-0.08	-0.08	-0.05	-0.10	-0.06	-0.10	-0.03	-0.01	-0.11	-0.03	-0.04	0.02	0.01
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap496.69M

Enterprise Value764.40M

Trailing P/E0.00

Forward P/E11.10

Price / Sales0.25

Price / Book0.32

EPS-0.05

Book Value3.75

Revenue (TTM)2.01B

Gross Profit (TTM)71.03M

EBITDA121.56M

Profit Margin-0.93%

Operating Margin0.68%

Return on Equity-1.08%

Return on Assets-0.52%

Shares Outstanding464.20M

Shares Float135.81M

Beta-0.39

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Dividends

20231×

0.13Apr 25, 2023

20222×

0.12Mar 10, 20220.22Jan 6, 2022