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Millcon Steel PCLBKK:MILL-R Capex-to-Operating-Income is 1.54 as of Sep. 2025, which is 57% above its 10-year median of 0.98. The stock has 10 warning signs investors should review. Among 292 Steel companies, Millcon Steel PCL ranks worse than 342465.41% on this metric.
Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.
Millcon Steel PCL Capex-to-Operating-Income Related Terms
Millcon Steel PCL Capex-to-Operating-Income Historical Data
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The historical data trend for Millcon Steel PCL's Capex-to-Operating-Income 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.
BKK:MILL-R vs NUE, STLD, RS: Capex-to-Operating-Income Comparison
For the Steel subindustry, Millcon Steel PCL's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income 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.
Millcon Steel PCL Capex-to-Operating-Income vs Steel Industry
For the Steel industry and Basic Materials sector, Millcon Steel PCL's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Millcon Steel PCL's Capex-to-Operating-Income falls into.
* 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-Income of 1.54 mean?
Millcon Steel PCL (BKK:MILL-R) has a Capex-to-Operating-Income of 1.54 as of Sep. 2025. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Millcon Steel PCL and its competitors. This is 57% above median its historical median of 0.98. Over the past decade, Millcon Steel PCL's Capex-to-Operating-Income has ranged from 0.17 to 2.89. According to the industry distribution chart, Millcon Steel PCL ranks #999999 out of 292 companies in the Steel industry.
Is Millcon Steel PCL's Capex-to-Operating-Income too high?
Millcon Steel PCL's current Capex-to-Operating-Income of 1.54 is 57% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 2.89. The Steel industry median Capex-to-Operating-Income is 0.63. Millcon Steel PCL's value of 1.54 is 146.4% above this industry median. Based on the distribution chart, Millcon Steel PCL ranks #999999 out of 292 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Millcon Steel PCL's Capex-to-Operating-Income compare to NUE and STLD?
According to the Steel industry distribution chart, Millcon Steel PCL ranks #999999 out of 292 companies for Capex-to-Operating-Income. This places Millcon Steel PCL in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.63. Millcon Steel PCL's value of 1.54 is 146.4% above this benchmark. Historically, Millcon Steel PCL's own Capex-to-Operating-Income has ranged from 0.17 to 2.89 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.63, Millcon Steel PCL has consistently been above 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-Income for a Steel company?
The median Capex-to-Operating-Income among Steel companies is 0.63, based on 292 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Income significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millcon Steel PCL's current Capex-to-Operating-Income of 1.54 is 146.4% above 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-Income mean?
A high Capex-to-Operating-Income can signal that a stock is expensive relative to its fundamentals. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Millcon Steel PCL and its competitors. For the Steel industry, the median Capex-to-Operating-Income is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millcon Steel PCL's current Capex-to-Operating-Income is 1.54, which is 57% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millcon Steel PCL stock overvalued right now?
Millcon Steel PCL (BKK:MILL-R) has a current Capex-to-Operating-Income of 1.54. The stock's GF Value™ is ฿0.18, compared to a current price of ฿0.06 — trading 66.7% below its estimated fair value. The current Capex-to-Operating-Income is 1.54, which is 57% above median its 10-year median of 0.98 and 146.4% above the Steel industry median of 0.63. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Income calculated?
Capex-to-Operating-Income is calculated from a company's financial statements. For Millcon Steel PCL (BKK:MILL-R), the current Capex-to-Operating-Income is 1.54 as of Sep. 2025. 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.
Millcon Steel PCL principal activity is manufacturing and trading of steel. The reportable segments of the company are the Manufacturing segment and Trading segment. The company generates majority of revenue from Manufacturing segment. The vast majority of its revenue comes from the Domestic Market. Its products and services are REINFORCING STEEL BARS, ROUND STEEL BARS, REINFORCING STEEL BARS (THREADED TYPE), WIRE, STEEL PIPE, C-SHAPED STEEL, GALVANIZED STEEL.
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