S & P Syndicate PCL (BKK:SNP-R) Capex-to-Operating-Cash-Flow: 0.23 (As of Mar. 2026) — 21% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:SNP-R S & P Syndicate PCL BKK:SNP-R
65 GF Score
Price ฿9.45
GF Value ฿11.12
! 4 Warning Signs
View Full Analysis

What is S & P Syndicate PCL Capex-to-Operating-Cash-Flow?

S & P Syndicate PCL BKK:SNP-R 65 Capex-to-Operating-Cash-Flow is 0.23 as of Mar. 2026, which is 21% below its 10-year median of 0.29. GuruFocus rates BKK:SNP-R with a GF Score™ of 65/100 and a GF Value™ of ฿11.12. The stock has 4 warning signs investors should review. Among 258 Restaurants companies, S & P Syndicate PCL ranks better than 69.77% on this metric.

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

S & P Syndicate PCL's Capital Expenditure for the three months ended in Mar. 2026 was ฿-63.48 Mil. Its Cash Flow from Operations for the three months ended in Mar. 2026 was ฿277.21 Mil.

Hence, S & P Syndicate PCL's Capex-to-Operating-Cash-Flow for the three months ended in Mar. 2026 was 0.23.


S & P Syndicate PCL  (BKK:SNP-R) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.


S & P Syndicate PCL Capex-to-Operating-Cash-Flow Related Terms


S & P Syndicate PCL Capex-to-Operating-Cash-Flow Historical Data

* Premium members only.

The historical data trend for S & P Syndicate PCL's Capex-to-Operating-Cash-Flow can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

S & P Syndicate PCL Capex-to-Operating-Cash-Flow Chart

S & P Syndicate PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.28 0.27 0.23 0.30

S & P Syndicate PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Capex-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.40 0.22 0.30 0.23

BKK:SNP-R vs MCD, SBUX, YUM: Capex-to-Operating-Cash-Flow Comparison

For the Restaurants subindustry, S & P Syndicate PCL's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


S & P Syndicate PCL Capex-to-Operating-Cash-Flow vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, S & P Syndicate PCL's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where S & P Syndicate PCL's Capex-to-Operating-Cash-Flow falls into.


BKK:SNP-R
65GF Score
S & P Syndicate PCL BKK:SNP-R
Capex-to-Operating-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S & P Syndicate PCL Capex-to-Operating-Cash-Flow Calculation

S & P Syndicate PCL's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2025 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-248.639) / 837.669
=0.30

S & P Syndicate PCL's Capex-to-Operating-Cash-Flow for the quarter that ended in Mar. 2026 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-63.478) / 277.206
=0.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Capex-to-Operating-Cash-Flow of 0.23 mean?
S & P Syndicate PCL (BKK:SNP-R) has a Capex-to-Operating-Cash-Flow of 0.23 as of Mar. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on S & P Syndicate PCL and its competitors. This is 21% below median its historical median of 0.29. Over the past decade, S & P Syndicate PCL's Capex-to-Operating-Cash-Flow has ranged from 0.23 to 0.80. According to the industry distribution chart, S & P Syndicate PCL ranks #78 out of 258 companies in the Restaurants industry, placing it in the top 30.2%.
Is S & P Syndicate PCL's Capex-to-Operating-Cash-Flow too high?
S & P Syndicate PCL's current Capex-to-Operating-Cash-Flow of 0.23 is 21% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.80. The Restaurants industry median Capex-to-Operating-Cash-Flow is 0.38. S & P Syndicate PCL's value of 0.23 is 39.5% below this industry median. Based on the distribution chart, S & P Syndicate PCL ranks #78 out of 258 companies in the Restaurants industry, which is above the industry midpoint. Overall, S & P Syndicate PCL has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does S & P Syndicate PCL's Capex-to-Operating-Cash-Flow compare to MCD and SBUX?
According to the Restaurants industry distribution chart, S & P Syndicate PCL ranks #78 out of 258 companies for Capex-to-Operating-Cash-Flow. This puts S & P Syndicate PCL in the upper half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.38. S & P Syndicate PCL's value of 0.23 is 39.5% below this benchmark. Historically, S & P Syndicate PCL's own Capex-to-Operating-Cash-Flow has ranged from 0.23 to 0.80 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.38, S & P Syndicate PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Cash-Flow for a Restaurants company?
The median Capex-to-Operating-Cash-Flow among Restaurants companies is 0.38, based on 258 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. S & P Syndicate PCL's current Capex-to-Operating-Cash-Flow of 0.23 is 39.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on S & P Syndicate PCL and its competitors. For the Restaurants industry, the median Capex-to-Operating-Cash-Flow is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S & P Syndicate PCL's current Capex-to-Operating-Cash-Flow is 0.23, which is 21% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S & P Syndicate PCL stock overvalued right now?
S & P Syndicate PCL (BKK:SNP-R) has a current Capex-to-Operating-Cash-Flow of 0.23. The stock's GF Value™ is ฿11.12, compared to a current price of ฿9.45 — trading 15% below its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.23, which is 21% below median its 10-year median of 0.29 and 39.5% below the Restaurants industry median of 0.38. S & P Syndicate PCL's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For S & P Syndicate PCL (BKK:SNP-R), the current Capex-to-Operating-Cash-Flow is 0.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is S & P Syndicate PCL (BKK:SNP-R) Overvalued in 2026?

Based on GuruFocus' analysis, S & P Syndicate PCL stock appears to be undervalued. The current stock price of ฿9.45 is trading 15% below its estimated GF Value™ of ฿11.12.

Key valuation signals for BKK:SNP-R:

  • Capex-to-Operating-Cash-Flow: 0.23 (21% below median its 10-year median of 0.29)
  • GF Value™: ฿11.12 vs. price of ฿9.45 (15% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 39.5% below the Restaurants median (#78 of 258)

No single metric tells the full story. See the BKK:SNP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S & P Syndicate PCL Business Description

Other Exchanges SNP:Thailand
Address New Petchburi Road, No 2034/100-103, 23 Floor, Italthai Tower, Bangkapi, Huaykwang, Bangkok, THA, 10310
S & P Syndicate PCL is engaged in the operations of a nationwide and international chain of restaurants and bakery shops, the production of bakery, frozen foods and other food products and food service-related businesses such as outside catering. Its products under Bakery include Pound Cake, Packaged Cake, Frozen Cake, Pastry, Sandwich and Bread, Cookies, Moon Cake, Thai Dessert, and Snack; Food Product include Thai Food, Frozen Quick Meal, Jelio Jelly, International Food, and Healthy Food; and Beverage Product include Coffee and Tea Bluecup, Drink Bottled Beverages, Fruit Juice, Fruit Juice (UHT), and Smoothie. Its segments include Domestic restaurants and bakery shops, Domestic Packaged food and bakery trading business, Overseas restaurants, and Others.
65GF Score

Get the complete analysis for BKK:SNP-R

Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿9.45
Price
฿11.12
GF Value