Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
Maybank Securities (Thailand) PCL (BKK:MST-R) Cash Flow from Operations Explanation
For companies reported in indirect method, cash flow from operations contains six items:
1. Net Income From Continuing Operations:
Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.
Maybank Securities (Thailand) PCL's net income from continuing operations for the
three
months ended in Mar. 2026 was ฿219 Mil.
2. Depreciation, Depletion and Amortization:
Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.
Depletion and amortization are synonyms for depreciation.
Generally:
The term depreciation is used when discussing man made tangible assets
The term depletion is used when discussing natural tangible assets
The term amortization is used when discussing intangible assets
Maybank Securities (Thailand) PCL's depreciation, depletion and amortization for the
three
months ended in Mar. 2026 was ฿27 Mil.
3. Change In Working Capital:
Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities. Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow.
Maybank Securities (Thailand) PCL's change in working capital for the
three
months ended in Mar. 2026 was ฿-191 Mil. It means Maybank Securities (Thailand) PCL's working capital
declined by ฿191 Mil
from Dec. 2025 to Mar. 2026 .
4. Deferred Tax:
It is the cash flow generated from deferred tax.
Maybank Securities (Thailand) PCL's cash flow from deferred tax for the
three
months ended in Mar. 2026 was ฿0 Mil.
Maybank Securities (Thailand) PCL's cash from discontinued operating Activities for the
three
months ended in Mar. 2026 was ฿0 Mil.
6. Asset Impairment Charge:
It is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.
Maybank Securities (Thailand) PCL's asset impairment charge for the
three
months ended in Mar. 2026 was ฿0 Mil.
7. Stock Based Compensation:
It is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.
Maybank Securities (Thailand) PCL's stock based compensation for the
three
months ended in Mar. 2026 was ฿0 Mil.
8. Cash Flow from Others:
These are cash differences caused by the change of inventory, accounts payable, accounts receivable etc. For instance, if a company pays its suppliers slower, its cash position will build up faster. If a company receives payments from its customers slower, its account receivables will rise, and its cash position will grow more slowly (or even shrink).
Maybank Securities (Thailand) PCL's cash flow from others for the
three
months ended in Mar. 2026 was ฿-99 Mil.
Maybank Securities (Thailand) PCL Cash Flow from Operations Related Terms
Maybank Securities (Thailand) PCL Cash Flow from Operations Historical Data
* 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.
Maybank Securities (Thailand) PCL Cash Flow from Operations Chart
Maybank Securities (Thailand) PCL Cash Flow from Operations Calculation
Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿5,609 Mil.
* 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 Cash Flow from Operations of ฿5,609 Mil mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Cash Flow from Operations of ฿5,609 Mil as of Mar. 2026. Cash Flow from Operations is the amount of cash earned or paid from standard business operations. View historical data for Maybank Securities (Thailand) PCL and its competitors.
Is Maybank Securities (Thailand) PCL's Cash Flow from Operations too high?
Maybank Securities (Thailand) PCL's current Cash Flow from Operations is ฿5,609 Mil. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Cash Flow from Operations compare to MS and GS?
Maybank Securities (Thailand) PCL's Cash Flow from Operations of ฿5,609 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Flow from Operations for a Capital Markets company?
A good Cash Flow from Operations depends on the Capital Markets industry context. However, Cash Flow from Operations should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Flow from Operations mean?
A high Cash Flow from Operations can signal that a stock is expensive relative to its fundamentals. Cash Flow from Operations is the amount of cash earned or paid from standard business operations. View historical data for Maybank Securities (Thailand) PCL and its competitors. Maybank Securities (Thailand) PCL's current Cash Flow from Operations is ฿5,609 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Cash Flow from Operations of ฿5,609 Mil. The stock's GF Value™ is ฿6.33, compared to a current price of ฿6.85 — trading 8.2% above its estimated fair value. The current Cash Flow from Operations is ฿5,609 Mil. Maybank Securities (Thailand) PCL's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Flow from Operations calculated?
Cash Flow from Operations is calculated from a company's financial statements. For Maybank Securities (Thailand) PCL (BKK:MST-R), the current Cash Flow from Operations is ฿5,609 Mil 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 8.2% above its estimated GF Value™ of ฿6.33.
Key valuation signals for BKK:MST-R:
Cash Flow from Operations: ฿5,609 Mil
GF Value™: ฿6.33 vs. price of ฿6.85 (8.2% above fair value)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
58GF Score
Get the complete analysis for BKK:MST-R
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