View Future GrowthAnanda Development 過去の業績過去 基準チェック /36Ananda Developmentは、平均年間27.8%の収益成長を遂げていますが、 Real Estate業界の収益は、年間 減少しています。収益は、平均年間1.4% 12.7%収益成長率で 成長しています。 Ananda Developmentの自己資本利益率は1.7%であり、純利益率は6.7%です。主要情報27.84%収益成長率30.19%EPS成長率Real Estate 業界の成長8.35%収益成長率12.69%株主資本利益率1.71%ネット・マージン6.74%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 19First quarter 2026 earnings released: ฿0.034 loss per share (vs ฿0.065 loss in 1Q 2025)First quarter 2026 results: ฿0.034 loss per share (improved from ฿0.065 loss in 1Q 2025). Revenue: ฿1.29b (up 68% from 1Q 2025). Net loss: ฿71.8m (loss narrowed 74% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 25Full year 2025 earnings releasedFull year 2025 results: Revenue: ฿6.55b (up 1.6% from FY 2024). Net income: ฿55.7m (up 1.1% from FY 2024). Profit margin: 0.8% (down from 0.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 22% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Thailand are expected to grow by 4.7%.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.012 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (up from ฿0.012 loss in 3Q 2024). Revenue: ฿2.05b (up 83% from 3Q 2024). Net income: ฿129.6m (up ฿179.3m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.044 (vs ฿0.008 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.044 (up from ฿0.008 in 2Q 2024). Revenue: ฿1.26b (down 28% from 2Q 2024). Net income: ฿253.6m (up ฿218.3m from 2Q 2024). Profit margin: 20% (up from 2.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.Reported Earnings • May 10First quarter 2025 earnings released: ฿0.078 loss per share (vs ฿0.03 profit in 1Q 2024)First quarter 2025 results: ฿0.078 loss per share (down from ฿0.03 profit in 1Q 2024). Revenue: ฿750.2m (down 64% from 1Q 2024). Net loss: ฿256.9m (down 303% from profit in 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 01Full year 2024 earnings released: EPS: ฿0.013 (vs ฿0.28 loss in FY 2023)Full year 2024 results: EPS: ฿0.013 (up from ฿0.28 loss in FY 2023). Revenue: ฿6.68b (up 96% from FY 2023). Net income: ฿334.2m (up ฿1.50b from FY 2023). Profit margin: 5.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: ฿0.034 loss per share (vs ฿0.065 loss in 1Q 2025)First quarter 2026 results: ฿0.034 loss per share (improved from ฿0.065 loss in 1Q 2025). Revenue: ฿1.29b (up 68% from 1Q 2025). Net loss: ฿71.8m (loss narrowed 74% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.New Risk • Mar 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 99% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings are forecast to decline by an average of 99% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (฿1.62b market cap, or US$51.5m).New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.2% Last year net profit margin: 10.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (฿1.75b market cap, or US$55.7m).Reported Earnings • Feb 25Full year 2025 earnings releasedFull year 2025 results: Revenue: ฿6.55b (up 1.6% from FY 2024). Net income: ฿55.7m (up 1.1% from FY 2024). Profit margin: 0.8% (down from 0.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 22% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Thailand are expected to grow by 4.7%.お知らせ • Feb 25Ananda Development Public Company Limited (SET:ANAN) entered into shareholders agreement to acquire remaining 49% stake in Ananda MF Asia Thonglor Co., Ltd. from Mitsui Fudosan Asia (Thailand) Co., Ltd. for approximately THB 290 million.Ananda Development Public Company Limited (SET:ANAN) entered into shareholders agreement to acquire remaining 49% stake in Ananda MF Asia Thonglor Co., Ltd. from Mitsui Fudosan Asia (Thailand) Co., Ltd. for approximately THB 290 million on February 23, 2026. A cash consideration of THB 290 million will be paid by Ananda Development Public Company Limited. As part of consideration, THB 290 million is paid towards common equity of Ananda MF Asia Thonglor Co., Ltd. Upon completion, Ananda Development Public Company Limited will own 100% stake in Ananda MF Asia Thonglor Co., Ltd. The transaction is expected to be completed by 31 March 2026. The transaction is subject to approval of Ananda Development Public Company board. The transaction is approved by Ananda Development Public Company board.お知らせ • Feb 24Ananda Development Public Company Limited, Annual General Meeting, Apr 23, 2026Ananda Development Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time.New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿2.00b market cap, or US$63.8m).Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.012 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (up from ฿0.012 loss in 3Q 2024). Revenue: ฿2.05b (up 83% from 3Q 2024). Net income: ฿129.6m (up ฿179.3m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.お知らせ • Nov 15+ 1 more updateAnanda Development Public Company Limited (SET:ANAN) agreed to acquire an additional 13.51% stake in Ananda Apac Phraram 9 Two Co., Ltd from APAC Development Fund 1 Pte. Ltd for THB 98.9 million.Ananda Development Public Company Limited (SET:ANAN) agreed to acquire an additional 13.51% stake in Ananda Apac Phraram 9 Two Co., Ltd from APAC Development Fund 1 Pte. Ltd for THB 98.9 million on November 13, 2025. A cash consideration valued at THB 94.76 per share will be paid by Ananda Development Public Company Limited. The transaction will be financed through working capital of Ananda Development. After the completion of the transaction, Ananda Apac Phraram9 Two Co., Ltd. will be a subsidiary of Ananda Development. The board will consist of Sermsak Khwanpuang and Patcharavalai Ruangkritya after the transaction. The deal has been approved by the board of Ananda Development. The expected completion of the transaction is November 24, 2025.New Risk • Sep 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿2.29b market cap, or US$72.1m).Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.044 (vs ฿0.008 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.044 (up from ฿0.008 in 2Q 2024). Revenue: ฿1.26b (down 28% from 2Q 2024). Net income: ฿253.6m (up ฿218.3m from 2Q 2024). Profit margin: 20% (up from 2.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.New Risk • Jun 13New major risk - Revenue and earnings growthEarnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (฿1.67b market cap, or US$51.3m).Reported Earnings • May 10First quarter 2025 earnings released: ฿0.078 loss per share (vs ฿0.03 profit in 1Q 2024)First quarter 2025 results: ฿0.078 loss per share (down from ฿0.03 profit in 1Q 2024). Revenue: ฿750.2m (down 64% from 1Q 2024). Net loss: ฿256.9m (down 303% from profit in 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.New Risk • Mar 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (฿2.29b market cap, or US$68.1m).Reported Earnings • Mar 01Full year 2024 earnings released: EPS: ฿0.013 (vs ฿0.28 loss in FY 2023)Full year 2024 results: EPS: ฿0.013 (up from ฿0.28 loss in FY 2023). Revenue: ฿6.68b (up 96% from FY 2023). Net income: ฿334.2m (up ฿1.50b from FY 2023). Profit margin: 5.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.お知らせ • Feb 28Ananda Development Public Company Limited, Annual General Meeting, Apr 24, 2025Ananda Development Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time.Price Target Changed • Feb 11Price target decreased by 11% to ฿0.62Down from ฿0.70, the current price target is an average from 3 analysts. New target price is 52% above last closing price of ฿0.41. Stock is down 54% over the past year. The company is forecast to post earnings per share of ฿0 next year compared to a net loss per share of ฿0.28 last year.New Risk • Nov 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿2.71b market cap, or US$78.0m).Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.037 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.008 (up from ฿0.037 loss in 2Q 2023). Revenue: ฿1.89b (up 215% from 2Q 2023). Net income: ฿104.9m (up ฿259.2m from 2Q 2023). Profit margin: 5.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.Price Target Changed • May 16Price target increased by 9.1% to ฿0.72Up from ฿0.66, the current price target is an average from 3 analysts. New target price is 11% below last closing price of ฿0.81. Stock is down 20% over the past year. The company is forecast to post a net loss per share of ฿0.11 next year compared to a net loss per share of ฿0.28 last year.Breakeven Date Change • May 15Forecast to breakeven in 2026The 3 analysts covering Ananda Development expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 34% per year to 2025. The company is expected to make a profit of ฿60.0m in 2026. Average annual earnings growth of 64% is required to achieve expected profit on schedule.Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.03 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (up from ฿0.03 loss in 1Q 2023). Revenue: ฿2.11b (up 188% from 1Q 2023). Net income: ฿195.4m (up ฿321.7m from 1Q 2023). Profit margin: 9.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.Breakeven Date Change • Mar 31Forecast to breakeven in 2026The 2 analysts covering Ananda Development expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 48% per year to 2025. The company is expected to make a profit of ฿112.0m in 2026. Average annual earnings growth of 81% is required to achieve expected profit on schedule.Reported Earnings • Mar 02Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: ฿0.28 loss per share (further deteriorated from ฿0.16 loss in FY 2022). Revenue: ฿3.82b (up 23% from FY 2022). Net loss: ฿887.0m (loss widened 35% from FY 2022). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to stay flat during the next 2 years compared to a 1.8% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.お知らせ • Mar 01Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the report on the Company's operation for the year 2023; To consider and approve the financial statements of the Company for the year 2023 ended 31 December 2023; To consider and approve the omission of dividend payment; To consider and approve the determination of the directors' remuneration for the year 2024; To consider and approve the election of the directors to replace the directors who will retire by rotation; and to discuss other matters.Price Target Changed • Dec 29Price target decreased by 18% to ฿0.89Down from ฿1.07, the current price target is an average from 2 analysts. New target price is 15% above last closing price of ฿0.77. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ฿0.23 next year compared to a net loss per share of ฿0.16 last year.Reported Earnings • Nov 14Third quarter 2023 earnings released: ฿0.15 loss per share (vs ฿0.026 loss in 3Q 2022)Third quarter 2023 results: ฿0.15 loss per share (further deteriorated from ฿0.026 loss in 3Q 2022). Revenue: ฿936.8m (up 15% from 3Q 2022). Net loss: ฿542.5m (loss widened 405% from 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.037 loss per share (vs ฿0.031 loss in 2Q 2022)Second quarter 2023 results: ฿0.037 loss per share. Revenue: ฿818.2m (down 12% from 2Q 2022). Net loss: ฿84.5m (loss narrowed 35% from 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Real Estate industry in Thailand.New Risk • Aug 03New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.29b (US$95.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (฿3.29b market cap, or US$95.4m).Major Estimate Revision • Jul 29Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿4.68b to ฿4.21b. Forecast losses increased from -฿0.03 to -฿0.06 per share. Real Estate industry in Thailand expected to see average net income growth of 1.5% next year. Consensus price target down from ฿1.23 to ฿1.07. Share price fell 12% to ฿0.84 over the past week.Price Target Changed • Jul 28Price target decreased by 18% to ฿1.07Down from ฿1.31, the current price target is an average from 3 analysts. New target price is 28% above last closing price of ฿0.84. Stock is down 38% over the past year. The company is forecast to post a net loss per share of ฿0.04 next year compared to a net loss per share of ฿0.16 last year.New Risk • Jul 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.50b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (฿3.50b market cap, or US$99.3m).Reported Earnings • May 18First quarter 2023 earnings released: ฿0.03 loss per share (vs ฿0.09 loss in 1Q 2022)First quarter 2023 results: ฿0.03 loss per share (improved from ฿0.09 loss in 1Q 2022). Revenue: ฿731.1m (up 7.3% from 1Q 2022). Net loss: ฿59.6m (loss narrowed 84% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Mar 23Consensus EPS estimates fall by 47%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -฿0.025 to -฿0.037 per share. Revenue forecast of ฿4.37b unchanged since last update. Real Estate industry in Thailand expected to see average net income growth of 4.3% next year. Consensus price target broadly unchanged at ฿1.32. Share price fell 2.4% to ฿1.24 over the past week.Reported Earnings • Feb 27Full year 2022 earnings released: ฿0.16 loss per share (vs ฿0.26 loss in FY 2021)Full year 2022 results: ฿0.16 loss per share (improved from ฿0.26 loss in FY 2021). Revenue: ฿4.04b (up 8.9% from FY 2021). Net loss: ฿292.6m (loss narrowed 67% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Nov 17Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿3.95b to ฿3.82b. Now expected to report a loss of ฿0.08 per share instead of ฿0.04 per share profit previously forecast. Real Estate industry in Thailand expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at ฿1.34. Share price fell 6.9% to ฿1.34 over the past week.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Pisit Serewiwattana was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Price Target Changed • Sep 08Price target increased to ฿1.10Up from ฿0.99, the current price target is an average from 4 analysts. New target price is 13% below last closing price of ฿1.27. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year.Price Target Changed • Aug 16Price target increased to ฿1.23Up from ฿1.01, the current price target is an average from 4 analysts. New target price is 7.9% below last closing price of ฿1.33. Stock is down 14% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year.Reported Earnings • Aug 13Second quarter 2022 earnings released: ฿0.029 loss per share (vs ฿0.029 loss in 2Q 2021)Second quarter 2022 results: ฿0.029 loss per share (vs ฿0.029 loss in 2Q 2021). Revenue: ฿1.03b (down 7.1% from 2Q 2021). Net loss: ฿41.5m (loss narrowed 58% from 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.Price Target Changed • May 16Price target increased to ฿1.20Up from ฿1.12, the current price target is an average from 3 analysts. New target price is 6.2% above last closing price of ฿1.13. Stock is down 44% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year.Reported Earnings • May 15First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿0.099 loss per share (down from ฿0.038 loss in 1Q 2021). Revenue: ฿778.3m (down 16% from 1Q 2021). Net loss: ฿278.7m (loss widened 119% from 1Q 2021). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 524%. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Chairman Narongchai Akrasanee was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: ฿0.27 loss per share (down from ฿0.12 profit in FY 2020). Revenue: ฿4.18b (up 1.8% from FY 2020). Net loss: ฿465.9m (down 215% from profit in FY 2020). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 524%. Over the next year, revenue is forecast to grow 8.2%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Price Target Changed • Dec 09Price target decreased to ฿1.05Down from ฿1.16, the current price target is an average from 5 analysts. New target price is 34% below last closing price of ฿1.60. Stock is down 22% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year.Price Target Changed • Nov 24Price target decreased to ฿1.08Down from ฿1.17, the current price target is an average from 5 analysts. New target price is 33% below last closing price of ฿1.62. Stock is down 5.8% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year.Reported Earnings • Nov 16Third quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.067 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿662.1m (down 19% from 3Q 2020). Net loss: ฿356.2m (down 259% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Price Target Changed • Nov 16Price target decreased to ฿1.16Down from ฿1.25, the current price target is an average from 5 analysts. New target price is 24% below last closing price of ฿1.53. Stock is down 12% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year.Price Target Changed • Aug 21Price target decreased to ฿1.09Down from ฿1.39, the current price target is an average from 4 analysts. New target price is 31% below last closing price of ฿1.57. Stock is up 9.0% over the past year.Reported Earnings • Aug 13Second quarter 2021 earnings released: ฿0.029 loss per share (vs ฿0.017 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿989.9m (up 2.3% from 2Q 2020). Net loss: ฿98.1m (loss widened 78% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.Price Target Changed • May 15Price target increased to ฿1.45Up from ฿1.29, the current price target is an average from 5 analysts. New target price is 24% below last closing price of ฿1.91. Stock is up 31% over the past year.Reported Earnings • May 13First quarter 2021 earnings released: ฿0.04 loss per share (vs ฿0.015 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿1.05b (down 25% from 1Q 2020). Net loss: ฿25.9m (down 153% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.Executive Departure • Mar 02Chief Financial Officer has left the companyOn the 28th of February, Chaiyuth Chunnahacha's tenure as Chief Financial Officer ended after 2.7 years in the role. We don't have any record of a personal shareholding under Chaiyuth's name. A total of 2 executives have left over the last 12 months.Price Target Changed • Jan 31Price target raised to ฿1.29Up from ฿1.19, the current price target is an average from 6 analysts. The new target price is 34% below the current share price of ฿1.94. As of last close, the stock is down 5.8% over the past year.Is New 90 Day High Low • Dec 04New 90-day high: ฿1.81The company is up 27% from its price of ฿1.43 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.48 per share.Is New 90 Day High Low • Nov 10New 90-day high: ฿1.57The company is up 5.0% from its price of ฿1.49 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.61 per share.Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS ฿0.06The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿1.37b (down 47% from 3Q 2019). Net income: ฿292.3m (up 123% from 3Q 2019). Profit margin: 21% (up from 5.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 10Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is expected to shrink by 23% compared to a 5.7% decline forecast for the Real Estate industry in Thailand.Is New 90 Day High Low • Sep 24New 90-day low: ฿1.34The company is down 17% from its price of ฿1.62 on 25 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.59 per share.収支内訳Ananda Development の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SET:ANAN 収益、費用、利益 ( )THB Millions日付収益収益G+A経費研究開発費31 Mar 266,9644691,562031 Dec 256,4673371,458030 Sep 255,491-1301,327030 Jun 254,580-2311,382031 Mar 255,196-3501,531031 Dec 246,4256421,731030 Sep 246,233-1161,868030 Jun 245,950-6841,861031 Mar 244,706-9041,735031 Dec 233,412-1,1631,551030 Sep 232,856-9371,525030 Jun 232,834-4331,536031 Mar 233,065-4091,583031 Dec 223,112-6601,584030 Sep 223,494-9171,416030 Jun 223,349-1,1661,323031 Mar 223,602-1,1341,330031 Dec 213,771-8851,388030 Sep 213,999-6001,516030 Jun 214,469-191,609031 Mar 214,373241,706031 Dec 204,4954051,782030 Sep 204,2157951,755030 Jun 205,6447022,101031 Mar 206,5877752,193031 Dec 197,2256692,435030 Sep 198,6579232,980030 Jun 198,6731,7193,017031 Mar 199,0882,2343,095031 Dec 1810,1072,1803,085030 Sep 1811,7042,2712,802030 Jun 1811,7941,4332,661031 Mar 1813,1181,1292,712031 Dec 1712,5751,1352,570030 Sep 1712,1681,2762,607030 Jun 1712,4091,4012,526031 Mar 1711,5761,3552,433031 Dec 1611,9281,3862,505030 Sep 1613,6921,4282,483030 Jun 1613,4251,3662,524031 Mar 1612,1071,2552,380031 Dec 1510,9511,1982,152030 Sep 159,7819452,179030 Jun 159,1481,0181,9860質の高い収益: ANANは 高品質の収益 を持っています。利益率の向上: ANAN過去に利益を上げました。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ANANの収益は過去 5 年間で年間27.8%増加しました。成長の加速: ANANは昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: ANAN昨年収益を上げたため、昨年の収益成長をReal Estate業界 ( -10.9% ) と比較することは困難です。株主資本利益率高いROE: ANANの 自己資本利益率 ( 1.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 21:31終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ananda Development Public Company Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Therdsak ThaveeteerathamAsia Plus Securities Company LimitedKwok Yi LouieBarclaysTricia SongBarclays6 その他のアナリストを表示
Reported Earnings • May 19First quarter 2026 earnings released: ฿0.034 loss per share (vs ฿0.065 loss in 1Q 2025)First quarter 2026 results: ฿0.034 loss per share (improved from ฿0.065 loss in 1Q 2025). Revenue: ฿1.29b (up 68% from 1Q 2025). Net loss: ฿71.8m (loss narrowed 74% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 25Full year 2025 earnings releasedFull year 2025 results: Revenue: ฿6.55b (up 1.6% from FY 2024). Net income: ฿55.7m (up 1.1% from FY 2024). Profit margin: 0.8% (down from 0.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 22% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Thailand are expected to grow by 4.7%.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.012 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (up from ฿0.012 loss in 3Q 2024). Revenue: ฿2.05b (up 83% from 3Q 2024). Net income: ฿129.6m (up ฿179.3m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.044 (vs ฿0.008 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.044 (up from ฿0.008 in 2Q 2024). Revenue: ฿1.26b (down 28% from 2Q 2024). Net income: ฿253.6m (up ฿218.3m from 2Q 2024). Profit margin: 20% (up from 2.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
Reported Earnings • May 10First quarter 2025 earnings released: ฿0.078 loss per share (vs ฿0.03 profit in 1Q 2024)First quarter 2025 results: ฿0.078 loss per share (down from ฿0.03 profit in 1Q 2024). Revenue: ฿750.2m (down 64% from 1Q 2024). Net loss: ฿256.9m (down 303% from profit in 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 01Full year 2024 earnings released: EPS: ฿0.013 (vs ฿0.28 loss in FY 2023)Full year 2024 results: EPS: ฿0.013 (up from ฿0.28 loss in FY 2023). Revenue: ฿6.68b (up 96% from FY 2023). Net income: ฿334.2m (up ฿1.50b from FY 2023). Profit margin: 5.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
Reported Earnings • May 19First quarter 2026 earnings released: ฿0.034 loss per share (vs ฿0.065 loss in 1Q 2025)First quarter 2026 results: ฿0.034 loss per share (improved from ฿0.065 loss in 1Q 2025). Revenue: ฿1.29b (up 68% from 1Q 2025). Net loss: ฿71.8m (loss narrowed 74% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
New Risk • Mar 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 99% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings are forecast to decline by an average of 99% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (฿1.62b market cap, or US$51.5m).
New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.2% Last year net profit margin: 10.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (฿1.75b market cap, or US$55.7m).
Reported Earnings • Feb 25Full year 2025 earnings releasedFull year 2025 results: Revenue: ฿6.55b (up 1.6% from FY 2024). Net income: ฿55.7m (up 1.1% from FY 2024). Profit margin: 0.8% (down from 0.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 22% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Thailand are expected to grow by 4.7%.
お知らせ • Feb 25Ananda Development Public Company Limited (SET:ANAN) entered into shareholders agreement to acquire remaining 49% stake in Ananda MF Asia Thonglor Co., Ltd. from Mitsui Fudosan Asia (Thailand) Co., Ltd. for approximately THB 290 million.Ananda Development Public Company Limited (SET:ANAN) entered into shareholders agreement to acquire remaining 49% stake in Ananda MF Asia Thonglor Co., Ltd. from Mitsui Fudosan Asia (Thailand) Co., Ltd. for approximately THB 290 million on February 23, 2026. A cash consideration of THB 290 million will be paid by Ananda Development Public Company Limited. As part of consideration, THB 290 million is paid towards common equity of Ananda MF Asia Thonglor Co., Ltd. Upon completion, Ananda Development Public Company Limited will own 100% stake in Ananda MF Asia Thonglor Co., Ltd. The transaction is expected to be completed by 31 March 2026. The transaction is subject to approval of Ananda Development Public Company board. The transaction is approved by Ananda Development Public Company board.
お知らせ • Feb 24Ananda Development Public Company Limited, Annual General Meeting, Apr 23, 2026Ananda Development Public Company Limited, Annual General Meeting, Apr 23, 2026, at 14:00 SE Asia Standard Time.
New Risk • Jan 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (฿2.00b market cap, or US$63.8m).
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.014 (vs ฿0.012 loss in 3Q 2024)Third quarter 2025 results: EPS: ฿0.014 (up from ฿0.012 loss in 3Q 2024). Revenue: ฿2.05b (up 83% from 3Q 2024). Net income: ฿129.6m (up ฿179.3m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
お知らせ • Nov 15+ 1 more updateAnanda Development Public Company Limited (SET:ANAN) agreed to acquire an additional 13.51% stake in Ananda Apac Phraram 9 Two Co., Ltd from APAC Development Fund 1 Pte. Ltd for THB 98.9 million.Ananda Development Public Company Limited (SET:ANAN) agreed to acquire an additional 13.51% stake in Ananda Apac Phraram 9 Two Co., Ltd from APAC Development Fund 1 Pte. Ltd for THB 98.9 million on November 13, 2025. A cash consideration valued at THB 94.76 per share will be paid by Ananda Development Public Company Limited. The transaction will be financed through working capital of Ananda Development. After the completion of the transaction, Ananda Apac Phraram9 Two Co., Ltd. will be a subsidiary of Ananda Development. The board will consist of Sermsak Khwanpuang and Patcharavalai Ruangkritya after the transaction. The deal has been approved by the board of Ananda Development. The expected completion of the transaction is November 24, 2025.
New Risk • Sep 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (฿2.29b market cap, or US$72.1m).
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.044 (vs ฿0.008 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.044 (up from ฿0.008 in 2Q 2024). Revenue: ฿1.26b (down 28% from 2Q 2024). Net income: ฿253.6m (up ฿218.3m from 2Q 2024). Profit margin: 20% (up from 2.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
New Risk • Jun 13New major risk - Revenue and earnings growthEarnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (฿1.67b market cap, or US$51.3m).
Reported Earnings • May 10First quarter 2025 earnings released: ฿0.078 loss per share (vs ฿0.03 profit in 1Q 2024)First quarter 2025 results: ฿0.078 loss per share (down from ฿0.03 profit in 1Q 2024). Revenue: ฿750.2m (down 64% from 1Q 2024). Net loss: ฿256.9m (down 303% from profit in 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
New Risk • Mar 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (฿2.29b market cap, or US$68.1m).
Reported Earnings • Mar 01Full year 2024 earnings released: EPS: ฿0.013 (vs ฿0.28 loss in FY 2023)Full year 2024 results: EPS: ฿0.013 (up from ฿0.28 loss in FY 2023). Revenue: ฿6.68b (up 96% from FY 2023). Net income: ฿334.2m (up ฿1.50b from FY 2023). Profit margin: 5.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
お知らせ • Feb 28Ananda Development Public Company Limited, Annual General Meeting, Apr 24, 2025Ananda Development Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time.
Price Target Changed • Feb 11Price target decreased by 11% to ฿0.62Down from ฿0.70, the current price target is an average from 3 analysts. New target price is 52% above last closing price of ฿0.41. Stock is down 54% over the past year. The company is forecast to post earnings per share of ฿0 next year compared to a net loss per share of ฿0.28 last year.
New Risk • Nov 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (฿2.71b market cap, or US$78.0m).
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: ฿0.008 (vs ฿0.037 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.008 (up from ฿0.037 loss in 2Q 2023). Revenue: ฿1.89b (up 215% from 2Q 2023). Net income: ฿104.9m (up ฿259.2m from 2Q 2023). Profit margin: 5.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
Price Target Changed • May 16Price target increased by 9.1% to ฿0.72Up from ฿0.66, the current price target is an average from 3 analysts. New target price is 11% below last closing price of ฿0.81. Stock is down 20% over the past year. The company is forecast to post a net loss per share of ฿0.11 next year compared to a net loss per share of ฿0.28 last year.
Breakeven Date Change • May 15Forecast to breakeven in 2026The 3 analysts covering Ananda Development expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 34% per year to 2025. The company is expected to make a profit of ฿60.0m in 2026. Average annual earnings growth of 64% is required to achieve expected profit on schedule.
Reported Earnings • May 14First quarter 2024 earnings released: EPS: ฿0.03 (vs ฿0.03 loss in 1Q 2023)First quarter 2024 results: EPS: ฿0.03 (up from ฿0.03 loss in 1Q 2023). Revenue: ฿2.11b (up 188% from 1Q 2023). Net income: ฿195.4m (up ฿321.7m from 1Q 2023). Profit margin: 9.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
Breakeven Date Change • Mar 31Forecast to breakeven in 2026The 2 analysts covering Ananda Development expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 48% per year to 2025. The company is expected to make a profit of ฿112.0m in 2026. Average annual earnings growth of 81% is required to achieve expected profit on schedule.
Reported Earnings • Mar 02Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: ฿0.28 loss per share (further deteriorated from ฿0.16 loss in FY 2022). Revenue: ฿3.82b (up 23% from FY 2022). Net loss: ฿887.0m (loss widened 35% from FY 2022). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to stay flat during the next 2 years compared to a 1.8% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 01Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024Ananda Development Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Agenda: To acknowledge the report on the Company's operation for the year 2023; To consider and approve the financial statements of the Company for the year 2023 ended 31 December 2023; To consider and approve the omission of dividend payment; To consider and approve the determination of the directors' remuneration for the year 2024; To consider and approve the election of the directors to replace the directors who will retire by rotation; and to discuss other matters.
Price Target Changed • Dec 29Price target decreased by 18% to ฿0.89Down from ฿1.07, the current price target is an average from 2 analysts. New target price is 15% above last closing price of ฿0.77. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ฿0.23 next year compared to a net loss per share of ฿0.16 last year.
Reported Earnings • Nov 14Third quarter 2023 earnings released: ฿0.15 loss per share (vs ฿0.026 loss in 3Q 2022)Third quarter 2023 results: ฿0.15 loss per share (further deteriorated from ฿0.026 loss in 3Q 2022). Revenue: ฿936.8m (up 15% from 3Q 2022). Net loss: ฿542.5m (loss widened 405% from 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 17Second quarter 2023 earnings released: ฿0.037 loss per share (vs ฿0.031 loss in 2Q 2022)Second quarter 2023 results: ฿0.037 loss per share. Revenue: ฿818.2m (down 12% from 2Q 2022). Net loss: ฿84.5m (loss narrowed 35% from 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Real Estate industry in Thailand.
New Risk • Aug 03New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.29b (US$95.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (฿3.29b market cap, or US$95.4m).
Major Estimate Revision • Jul 29Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ฿4.68b to ฿4.21b. Forecast losses increased from -฿0.03 to -฿0.06 per share. Real Estate industry in Thailand expected to see average net income growth of 1.5% next year. Consensus price target down from ฿1.23 to ฿1.07. Share price fell 12% to ฿0.84 over the past week.
Price Target Changed • Jul 28Price target decreased by 18% to ฿1.07Down from ฿1.31, the current price target is an average from 3 analysts. New target price is 28% above last closing price of ฿0.84. Stock is down 38% over the past year. The company is forecast to post a net loss per share of ฿0.04 next year compared to a net loss per share of ฿0.16 last year.
New Risk • Jul 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).
New Risk • Jun 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.50b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (฿3.50b market cap, or US$99.3m).
Reported Earnings • May 18First quarter 2023 earnings released: ฿0.03 loss per share (vs ฿0.09 loss in 1Q 2022)First quarter 2023 results: ฿0.03 loss per share (improved from ฿0.09 loss in 1Q 2022). Revenue: ฿731.1m (up 7.3% from 1Q 2022). Net loss: ฿59.6m (loss narrowed 84% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Mar 23Consensus EPS estimates fall by 47%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -฿0.025 to -฿0.037 per share. Revenue forecast of ฿4.37b unchanged since last update. Real Estate industry in Thailand expected to see average net income growth of 4.3% next year. Consensus price target broadly unchanged at ฿1.32. Share price fell 2.4% to ฿1.24 over the past week.
Reported Earnings • Feb 27Full year 2022 earnings released: ฿0.16 loss per share (vs ฿0.26 loss in FY 2021)Full year 2022 results: ฿0.16 loss per share (improved from ฿0.26 loss in FY 2021). Revenue: ฿4.04b (up 8.9% from FY 2021). Net loss: ฿292.6m (loss narrowed 67% from FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Nov 17Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from ฿3.95b to ฿3.82b. Now expected to report a loss of ฿0.08 per share instead of ฿0.04 per share profit previously forecast. Real Estate industry in Thailand expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at ฿1.34. Share price fell 6.9% to ฿1.34 over the past week.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Pisit Serewiwattana was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Price Target Changed • Sep 08Price target increased to ฿1.10Up from ฿0.99, the current price target is an average from 4 analysts. New target price is 13% below last closing price of ฿1.27. Stock is down 26% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year.
Price Target Changed • Aug 16Price target increased to ฿1.23Up from ฿1.01, the current price target is an average from 4 analysts. New target price is 7.9% below last closing price of ฿1.33. Stock is down 14% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year.
Reported Earnings • Aug 13Second quarter 2022 earnings released: ฿0.029 loss per share (vs ฿0.029 loss in 2Q 2021)Second quarter 2022 results: ฿0.029 loss per share (vs ฿0.029 loss in 2Q 2021). Revenue: ฿1.03b (down 7.1% from 2Q 2021). Net loss: ฿41.5m (loss narrowed 58% from 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
Price Target Changed • May 16Price target increased to ฿1.20Up from ฿1.12, the current price target is an average from 3 analysts. New target price is 6.2% above last closing price of ฿1.13. Stock is down 44% over the past year. The company is forecast to post earnings per share of ฿0.04 next year compared to a net loss per share of ฿0.26 last year.
Reported Earnings • May 15First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: ฿0.099 loss per share (down from ฿0.038 loss in 1Q 2021). Revenue: ฿778.3m (down 16% from 1Q 2021). Net loss: ฿278.7m (loss widened 119% from 1Q 2021). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 524%. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Chairman Narongchai Akrasanee was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: ฿0.27 loss per share (down from ฿0.12 profit in FY 2020). Revenue: ฿4.18b (up 1.8% from FY 2020). Net loss: ฿465.9m (down 215% from profit in FY 2020). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 524%. Over the next year, revenue is forecast to grow 8.2%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Price Target Changed • Dec 09Price target decreased to ฿1.05Down from ฿1.16, the current price target is an average from 5 analysts. New target price is 34% below last closing price of ฿1.60. Stock is down 22% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year.
Price Target Changed • Nov 24Price target decreased to ฿1.08Down from ฿1.17, the current price target is an average from 5 analysts. New target price is 33% below last closing price of ฿1.62. Stock is down 5.8% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year.
Reported Earnings • Nov 16Third quarter 2021 earnings released: ฿0.11 loss per share (vs ฿0.067 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿662.1m (down 19% from 3Q 2020). Net loss: ฿356.2m (down 259% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Price Target Changed • Nov 16Price target decreased to ฿1.16Down from ฿1.25, the current price target is an average from 5 analysts. New target price is 24% below last closing price of ฿1.53. Stock is down 12% over the past year. The company is forecast to post a net loss per share of ฿0.042 compared to earnings per share of ฿0.12 last year.
Price Target Changed • Aug 21Price target decreased to ฿1.09Down from ฿1.39, the current price target is an average from 4 analysts. New target price is 31% below last closing price of ฿1.57. Stock is up 9.0% over the past year.
Reported Earnings • Aug 13Second quarter 2021 earnings released: ฿0.029 loss per share (vs ฿0.017 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: ฿989.9m (up 2.3% from 2Q 2020). Net loss: ฿98.1m (loss widened 78% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance.
Price Target Changed • May 15Price target increased to ฿1.45Up from ฿1.29, the current price target is an average from 5 analysts. New target price is 24% below last closing price of ฿1.91. Stock is up 31% over the past year.
Reported Earnings • May 13First quarter 2021 earnings released: ฿0.04 loss per share (vs ฿0.015 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: ฿1.05b (down 25% from 1Q 2020). Net loss: ฿25.9m (down 153% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
Executive Departure • Mar 02Chief Financial Officer has left the companyOn the 28th of February, Chaiyuth Chunnahacha's tenure as Chief Financial Officer ended after 2.7 years in the role. We don't have any record of a personal shareholding under Chaiyuth's name. A total of 2 executives have left over the last 12 months.
Price Target Changed • Jan 31Price target raised to ฿1.29Up from ฿1.19, the current price target is an average from 6 analysts. The new target price is 34% below the current share price of ฿1.94. As of last close, the stock is down 5.8% over the past year.
Is New 90 Day High Low • Dec 04New 90-day high: ฿1.81The company is up 27% from its price of ฿1.43 on 03 September 2020. The Thai market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.48 per share.
Is New 90 Day High Low • Nov 10New 90-day high: ฿1.57The company is up 5.0% from its price of ฿1.49 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.61 per share.
Reported Earnings • Nov 10Third quarter 2020 earnings released: EPS ฿0.06The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿1.37b (down 47% from 3Q 2019). Net income: ฿292.3m (up 123% from 3Q 2019). Profit margin: 21% (up from 5.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 10Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is expected to shrink by 23% compared to a 5.7% decline forecast for the Real Estate industry in Thailand.
Is New 90 Day High Low • Sep 24New 90-day low: ฿1.34The company is down 17% from its price of ฿1.62 on 25 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿0.59 per share.