View ValuationJAS Asset 将来の成長Future 基準チェック /06現在、 JAS Assetの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Real Estate 収益成長7.2%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • Jul 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.39b market cap, or US$41.4m).Buy Or Sell Opportunity • Jul 14Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 51% to ฿0.95. The fair value is estimated to be ฿0.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.New Risk • Jun 05New 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 7.4% 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 (0.7x net interest cover). Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿1.11b market cap, or US$34.0m).お知らせ • May 14JAS Asset Public Company Limited to Report Q1, 2026 Results on May 19, 2026JAS Asset Public Company Limited announced that they will report Q1, 2026 results on May 19, 2026Reported Earnings • Feb 15Full year 2025 earnings released: ฿0.54 loss per share (vs ฿0.12 profit in FY 2024)Full year 2025 results: ฿0.54 loss per share (down from ฿0.12 profit in FY 2024). Revenue: ฿686.9m (up 9.4% from FY 2024). Net loss: ฿785.0m (down ฿950.6m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.お知らせ • Feb 12JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2026JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2026, at 09:00 SE Asia Standard Time. Location: jaymart group holdings public company limited`s, meeting room, 2nd floor, building b, located at 189 jaymart building, ramkhamhaeng road, rat phatthana sub-district, saphan sung district, bangkok ThailandBuy Or Sell Opportunity • Jan 29Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to ฿0.60. The fair value is estimated to be ฿0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Nov 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿0.70. The fair value is estimated to be ฿0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 09Third quarter 2025 earnings released: ฿0.078 loss per share (vs ฿0.012 profit in 3Q 2024)Third quarter 2025 results: ฿0.078 loss per share (down from ฿0.012 profit in 3Q 2024). Revenue: ฿171.4m (up 13% from 3Q 2024). Net loss: ฿113.7m (down ฿131.2m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings.お知らせ • Nov 08JAS Asset Public Company Limited to Report Q3, 2025 Results on Nov 07, 2025JAS Asset Public Company Limited announced that they will report Q3, 2025 results on Nov 07, 2025Buy Or Sell Opportunity • Sep 08Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 7.3% to ฿0.88. The fair value is estimated to be ฿0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 10Second quarter 2025 earnings released: ฿0.069 loss per share (vs ฿0.092 profit in 2Q 2024)Second quarter 2025 results: ฿0.069 loss per share (down from ฿0.092 profit in 2Q 2024). Revenue: ฿183.1m (up 19% from 2Q 2024). Net loss: ฿101.4m (down 176% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.New Risk • Jul 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (฿1.20b market cap, or US$37.0m).New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 33% 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 (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (฿1.67b market cap, or US$50.0m).New Risk • Apr 30New 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 5.0% 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 Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.29b market cap, or US$38.5m).Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿1.10, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Real Estate industry in Thailand. Total loss to shareholders of 77% over the past three years.お知らせ • Feb 12JAS Asset Public Company Limited, Annual General Meeting, Apr 10, 2025JAS Asset Public Company Limited, Annual General Meeting, Apr 10, 2025, at 09:00 SE Asia Standard Time. Location: jaymart group holdings public company-, limited`s meeting room, 2nd floor, building b, located at 189 jaymart building, ramkhamhaeng road, rat phatthana sub-district, saphan sung district, Thailandお知らせ • Feb 11Jas Asset Public Company Limited Announces Resignation of Adisak Sukumvitaya as DirectorJAS Asset Public Company Limited informed that Mr. Adisak Sukumvitaya the Company's director, has resigned from his directorship effective since February 10, 2025, onwards.Reported Earnings • Feb 11Full year 2024 earnings released: EPS: ฿0.12 (vs ฿0.17 in FY 2023)Full year 2024 results: EPS: ฿0.12 (down from ฿0.17 in FY 2023). Revenue: ฿631.2m (up 18% from FY 2023). Net income: ฿165.6m (down 14% from FY 2023). Profit margin: 26% (down from 36% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 11+ 2 more updatesJAS Asset Public Company Limited Announces Notification of Changes to Sub-Committee Names and PositionsThe Board of Directors meeting of JAS Asset Public Company Limited (the "Company") held on February 10, 2025, a resolution was passed to change the names of the sub-committees and the titles of their members, as detailed below: Sub-Committee Names: Previous name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Positions: Name - Ms. Pannee Choedrumphai: Previous position name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New position name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Mr. Anucha Viriyachai: Previous position name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New position name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Ms. Yuvadee Pong-acha: Previous position name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New position name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee.Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.012 (vs ฿0.11 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.012 (down from ฿0.11 in 3Q 2023). Revenue: ฿153.0m (up 19% from 3Q 2023). Net income: ฿17.4m (down 87% from 3Q 2023). Profit margin: 11% (down from 100% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.51, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 10x in the Real Estate industry in Thailand. Total loss to shareholders of 45% over the past three years.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.092 (vs ฿0.015 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.092 (up from ฿0.015 loss in 2Q 2023). Revenue: ฿154.8m (up 20% from 2Q 2023). Net income: ฿134.3m (up ฿151.5m from 2Q 2023). Profit margin: 87% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿1.31, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 51% over the past three years.Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.02 in 1Q 2023)First quarter 2024 results: EPS: ฿0.005 (down from ฿0.02 in 1Q 2023). Revenue: ฿142.4m (up 5.0% from 1Q 2023). Net income: ฿6.06m (down 73% from 1Q 2023). Profit margin: 4.3% (down from 17% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • Apr 06JAS Asset Public Company Limited Approves Non-Payment Dividend for the Year 2023JAS Asset Public Company Limited held its the Annual General Meeting of Shareholders 2024 on 5 April 2024 approved the non-payment dividend for the year 2023, with the majority.お知らせ • Feb 10+ 1 more updateJAS Asset Public Company Limited to Report Fiscal Year 2023 Results on Feb 09, 2024JAS Asset Public Company Limited announced that they will report fiscal year 2023 results on Feb 09, 2024New Risk • Feb 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (฿2.92b market cap, or US$82.3m).Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.52, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 105% over the past three years.Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.016 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.016 in 3Q 2022). Revenue: ฿133.9m (up 4.6% from 3Q 2022). Net income: ฿129.1m (up ฿111.1m from 3Q 2022). Profit margin: 96% (up from 14% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year and the company’s share price has also increased by 29% per year.New Risk • Aug 23New 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 6.2% 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: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). Market cap is less than US$100m (฿3.49b market cap, or US$99.4m).Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.86, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total returns to shareholders of 177% over the past three years.New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 28% Last year net profit margin: 42% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). Market cap is less than US$100m (฿2.69b market cap, or US$77.0m).Reported Earnings • Aug 09Second quarter 2023 earnings released: ฿0.015 loss per share (vs ฿0.045 profit in 2Q 2022)Second quarter 2023 results: ฿0.015 loss per share (down from ฿0.045 profit in 2Q 2022). Revenue: ฿133.1m (up 8.3% from 2Q 2022). Net loss: ฿17.1m (down 137% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 33% per year.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿2.34, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total returns to shareholders of 191% over the past three years.Reported Earnings • May 12First quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.014 in 1Q 2022)First quarter 2023 results: EPS: ฿0.02 (up from ฿0.014 in 1Q 2022). Revenue: ฿136.8m (up 3.6% from 1Q 2022). Net income: ฿22.5m (up 78% from 1Q 2022). Profit margin: 16% (up from 9.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 04Upcoming dividend of ฿0.03 per share at 0.9% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 02 May 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (3.9%).Reported Earnings • Feb 10Full year 2022 earnings released: EPS: ฿0.19 (vs ฿0.18 in FY 2021)Full year 2022 results: EPS: ฿0.19 (up from ฿0.18 in FY 2021). Revenue: ฿522.2m (up 36% from FY 2021). Net income: ฿202.3m (up 25% from FY 2021). Profit margin: 39% (down from 42% in FY 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Director Adisak Sukumvitaya was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: ฿0.016 (vs ฿0.007 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.016 (up from ฿0.007 in 3Q 2021). Revenue: ฿128.0m (up 62% from 3Q 2021). Net income: ฿18.0m (up 198% from 3Q 2021). Profit margin: 14% (up from 7.7% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 60% per year whereas the company’s share price has increased by 63% per year.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.045 (vs ฿0.024 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.045 (up from ฿0.024 in 2Q 2021). Revenue: ฿122.9m (up 28% from 2Q 2021). Net income: ฿46.3m (up 108% from 2Q 2021). Profit margin: 38% (up from 23% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 13First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: ฿0.014 (down from ฿0.026 in 1Q 2021). Revenue: ฿132.1m (up 5.6% from 1Q 2021). Net income: ฿12.6m (down 40% from 1Q 2021). Profit margin: 9.6% (down from 17% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Director Adisak Sukumvitaya was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 12Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.0%).Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿5.05, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 15x in the Real Estate industry in Thailand. Total returns to shareholders of 339% over the past three years.お知らせ • Feb 24JAS Asset Public Company Limited, Annual General Meeting, Apr 08, 2022JAS Asset Public Company Limited, Annual General Meeting, Apr 08, 2022, at 02:00 Coordinated Universal Time. Agenda: To certify the minutes of Annual General Meeting of Shareholder 2021;to acknowledge the report on the Company's operating result for the year 2021; to consider and approve the audited financial statement for the year ended 31 December 2021;to consider and approve the payment of dividend derived from the operating result in respect of the year ended 31 December 2021;to consider and approve the appointment of directors to replace those retiring by rotation;to consider and approve the determination of directors' remuneration;to consider and approve the appointment of the auditor and the determination of the auditor's remuneration;to consider and approve the increase of the Company's registered capital and the amendment to Clause 4 of the Company's Memorandum of Association to reflect the capital increase;and to consider other matters (if any).Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: ฿0.18 (up from ฿0.071 in FY 2020). Revenue: ฿383.6m (down 25% from FY 2020). Net income: ฿161.4m (up 186% from FY 2020). Profit margin: 42% (up from 11% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 24JAS Asset Public Company Limited Proposes Dividend for 2021, Payable on May 5, 2022JAS Asset Public Company Limited will propose dividend at the rate of THB 0.03 per share for 2021 to its AGM to be held on 8 April 2022. The date fixed to determine the list of shareholders who are entitled to receive dividends is on 20 April 2022 (Record Date) and is scheduled to pay dividends to shareholders on 5 May 2022.Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿4.50, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 235% over the past three years.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.54, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 173% over the past three years.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.033 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿78.9m (down 36% from 3Q 2020). Net income: ฿6.06m (down 77% from 3Q 2020). Profit margin: 7.7% (down from 22% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.024 (vs ฿0.006 in 2Q 2020)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ฿96.2m (flat on 2Q 2020). Net income: ฿22.2m (up 371% from 2Q 2020). Profit margin: 23% (up from 4.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.021 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿130.8m (down 21% from 1Q 2020). Net income: ฿21.0m (up 26% from 1Q 2020). Profit margin: 16% (up from 10% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 14Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 20 April 2021. Payment date: 07 May 2021. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (3.8%).Is New 90 Day High Low • Mar 10New 90-day high: ฿3.74The company is up 194% from its price of ฿1.27 on 09 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿3.74, the stock is trading at a trailing P/E ratio of 52.6x, up from the previous P/E ratio of 43x. This compares to an average P/E of 13x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 81%.お知らせ • Feb 24JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2021JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2021, at 09:00 SE Asia Standard Time. Location: No. 187, Jay Mart B Building, 2nd Floor, Ramkhamhaeng Road Rat Phatthana Sub-district, Saphan Sung District Bangkok Thailand Agenda: To consider and approve the Company's financial statements for the fiscal year ended December 31, 2020; to consider and approve the dividend payment for the operating results ended December 31, 2020; to consider and approve the appointment of directors to replace those who are due to retire by rotation; to consider and approve the determination of directors' remuneration; to consider and approve the appointment of auditors and determine the audit fee; to consider and approve the amendment of objectives and an amendment to Clause 3 of the Company's Memorandum of Association; and to consider any other business (if any).Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿0.07 (vs ฿0.026 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿512.5m (down 43% from FY 2019). Net income: ฿56.4m (up 228% from FY 2019). Profit margin: 11% (up from 1.9% in FY 2019). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 37% share price gain to ฿2.56, the stock is trading at a trailing P/E ratio of 20.6x, up from the previous P/E ratio of 15x. This compares to an average P/E of 14x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 18%.Is New 90 Day High Low • Jan 20New 90-day high: ฿1.93The company is up 57% from its price of ฿1.23 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 23% over the same period.Is New 90 Day High Low • Dec 30New 90-day high: ฿1.66The company is up 34% from its price of ฿1.24 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period.Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 33% share price gain to ฿1.66, the stock is trading at a trailing P/E ratio of 13.3x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 11x in the Real Estate industry in Thailand. Total return to shareholders over the past three years is a loss of 24%.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.03The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿122.4m (down 23% from 3Q 2019). Net income: ฿26.3m (up ฿42.7m from 3Q 2019). Profit margin: 22% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 12New 90-day high: ฿1.41The company is up 50% from its price of ฿0.94 on 14 July 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 7.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、JAS Asset は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SET:J - アナリストの将来予測と過去の財務データ ( )THB Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2026695-817209215N/A12/31/2025685-785201204N/A9/30/2025700-238237193N/A6/30/2025682-107215174N/A3/31/2025653129210183N/A12/31/2024628166290296N/A9/30/2024588216238306N/A6/30/2024564328284316N/A3/31/2024539176309324N/A12/31/2023533193208213N/A9/30/2023532260225231N/A6/30/2023531149207231N/A3/31/2023525212176204N/A12/31/2022521202218220N/A9/30/2022466189237234N/A6/30/2022417177229234N/A3/31/2022391153226228N/A12/31/2021384161218218N/A9/30/202142958227232N/A6/30/202147378263269N/A3/31/202147261247252N/A12/31/202051256301306N/A9/30/202077699406428N/A6/30/202081256249275N/A3/31/202088433209243N/A12/31/201989117N/A138N/A9/30/2019859-14N/A101N/A6/30/2019872-21N/A166N/A3/31/2019873-17N/A165N/A12/31/2018880-17N/A194N/A9/30/2018696-27N/A13N/A6/30/2018711-10N/A46N/A3/31/201872611N/A66N/A12/31/20177266N/A0N/A9/30/2017692-10N/A-89N/A6/30/2017631-10N/A-96N/A3/31/2017583-9N/A-88N/A12/31/20165456N/A-21N/A9/30/201653927N/A104N/A6/30/201653948N/A88N/A3/31/201652349N/A84N/A12/31/201550658N/A97N/A9/30/201548833N/A67N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: Jの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: Jの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: Jの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: Jの収益がTH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: Jの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: Jの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance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2026/07/19 08:39終値2026/07/17 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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JAS Asset Public Company Limited 0 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。1 アナリスト機関Nuanpun NoiruchchukornAsia Plus Securities Company Limited
New Risk • Jul 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.39b market cap, or US$41.4m).
Buy Or Sell Opportunity • Jul 14Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 51% to ฿0.95. The fair value is estimated to be ฿0.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Jun 05New 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 7.4% 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 (0.7x net interest cover). Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (฿1.11b market cap, or US$34.0m).
お知らせ • May 14JAS Asset Public Company Limited to Report Q1, 2026 Results on May 19, 2026JAS Asset Public Company Limited announced that they will report Q1, 2026 results on May 19, 2026
Reported Earnings • Feb 15Full year 2025 earnings released: ฿0.54 loss per share (vs ฿0.12 profit in FY 2024)Full year 2025 results: ฿0.54 loss per share (down from ฿0.12 profit in FY 2024). Revenue: ฿686.9m (up 9.4% from FY 2024). Net loss: ฿785.0m (down ฿950.6m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 12JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2026JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2026, at 09:00 SE Asia Standard Time. Location: jaymart group holdings public company limited`s, meeting room, 2nd floor, building b, located at 189 jaymart building, ramkhamhaeng road, rat phatthana sub-district, saphan sung district, bangkok Thailand
Buy Or Sell Opportunity • Jan 29Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to ฿0.60. The fair value is estimated to be ฿0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Nov 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to ฿0.70. The fair value is estimated to be ฿0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 09Third quarter 2025 earnings released: ฿0.078 loss per share (vs ฿0.012 profit in 3Q 2024)Third quarter 2025 results: ฿0.078 loss per share (down from ฿0.012 profit in 3Q 2024). Revenue: ฿171.4m (up 13% from 3Q 2024). Net loss: ฿113.7m (down ฿131.2m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 08JAS Asset Public Company Limited to Report Q3, 2025 Results on Nov 07, 2025JAS Asset Public Company Limited announced that they will report Q3, 2025 results on Nov 07, 2025
Buy Or Sell Opportunity • Sep 08Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 7.3% to ฿0.88. The fair value is estimated to be ฿0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 10Second quarter 2025 earnings released: ฿0.069 loss per share (vs ฿0.092 profit in 2Q 2024)Second quarter 2025 results: ฿0.069 loss per share (down from ฿0.092 profit in 2Q 2024). Revenue: ฿183.1m (up 19% from 2Q 2024). Net loss: ฿101.4m (down 176% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
New Risk • Jul 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (฿1.20b market cap, or US$37.0m).
New Risk • May 14New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 20% Last year net profit margin: 33% 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 (0.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (20% net profit margin). Market cap is less than US$100m (฿1.67b market cap, or US$50.0m).
New Risk • Apr 30New 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 5.0% 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 Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.29b market cap, or US$38.5m).
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿1.10, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Real Estate industry in Thailand. Total loss to shareholders of 77% over the past three years.
お知らせ • Feb 12JAS Asset Public Company Limited, Annual General Meeting, Apr 10, 2025JAS Asset Public Company Limited, Annual General Meeting, Apr 10, 2025, at 09:00 SE Asia Standard Time. Location: jaymart group holdings public company-, limited`s meeting room, 2nd floor, building b, located at 189 jaymart building, ramkhamhaeng road, rat phatthana sub-district, saphan sung district, Thailand
お知らせ • Feb 11Jas Asset Public Company Limited Announces Resignation of Adisak Sukumvitaya as DirectorJAS Asset Public Company Limited informed that Mr. Adisak Sukumvitaya the Company's director, has resigned from his directorship effective since February 10, 2025, onwards.
Reported Earnings • Feb 11Full year 2024 earnings released: EPS: ฿0.12 (vs ฿0.17 in FY 2023)Full year 2024 results: EPS: ฿0.12 (down from ฿0.17 in FY 2023). Revenue: ฿631.2m (up 18% from FY 2023). Net income: ฿165.6m (down 14% from FY 2023). Profit margin: 26% (down from 36% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 11+ 2 more updatesJAS Asset Public Company Limited Announces Notification of Changes to Sub-Committee Names and PositionsThe Board of Directors meeting of JAS Asset Public Company Limited (the "Company") held on February 10, 2025, a resolution was passed to change the names of the sub-committees and the titles of their members, as detailed below: Sub-Committee Names: Previous name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Positions: Name - Ms. Pannee Choedrumphai: Previous position name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New position name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Mr. Anucha Viriyachai: Previous position name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New position name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee. Ms. Yuvadee Pong-acha: Previous position name - Nomination and Remuneration Committee, and Corporate Governance for Sustainability Committee; New position name - Nomination and Remuneration Committee, Corporate Governance and Sustainability Development Committee.
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.012 (vs ฿0.11 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.012 (down from ฿0.11 in 3Q 2023). Revenue: ฿153.0m (up 19% from 3Q 2023). Net income: ฿17.4m (down 87% from 3Q 2023). Profit margin: 11% (down from 100% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.51, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 10x in the Real Estate industry in Thailand. Total loss to shareholders of 45% over the past three years.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.092 (vs ฿0.015 loss in 2Q 2023)Second quarter 2024 results: EPS: ฿0.092 (up from ฿0.015 loss in 2Q 2023). Revenue: ฿154.8m (up 20% from 2Q 2023). Net income: ฿134.3m (up ฿151.5m from 2Q 2023). Profit margin: 87% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿1.31, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total loss to shareholders of 51% over the past three years.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.02 in 1Q 2023)First quarter 2024 results: EPS: ฿0.005 (down from ฿0.02 in 1Q 2023). Revenue: ฿142.4m (up 5.0% from 1Q 2023). Net income: ฿6.06m (down 73% from 1Q 2023). Profit margin: 4.3% (down from 17% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Apr 06JAS Asset Public Company Limited Approves Non-Payment Dividend for the Year 2023JAS Asset Public Company Limited held its the Annual General Meeting of Shareholders 2024 on 5 April 2024 approved the non-payment dividend for the year 2023, with the majority.
お知らせ • Feb 10+ 1 more updateJAS Asset Public Company Limited to Report Fiscal Year 2023 Results on Feb 09, 2024JAS Asset Public Company Limited announced that they will report fiscal year 2023 results on Feb 09, 2024
New Risk • Feb 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (฿2.92b market cap, or US$82.3m).
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿2.52, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 105% over the past three years.
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: ฿0.11 (vs ฿0.016 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.11 (up from ฿0.016 in 3Q 2022). Revenue: ฿133.9m (up 4.6% from 3Q 2022). Net income: ฿129.1m (up ฿111.1m from 3Q 2022). Profit margin: 96% (up from 14% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year and the company’s share price has also increased by 29% per year.
New Risk • Aug 23New 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 6.2% 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: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). Market cap is less than US$100m (฿3.49b market cap, or US$99.4m).
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.86, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total returns to shareholders of 177% over the past three years.
New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 28% Last year net profit margin: 42% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (28% net profit margin). Market cap is less than US$100m (฿2.69b market cap, or US$77.0m).
Reported Earnings • Aug 09Second quarter 2023 earnings released: ฿0.015 loss per share (vs ฿0.045 profit in 2Q 2022)Second quarter 2023 results: ฿0.015 loss per share (down from ฿0.045 profit in 2Q 2022). Revenue: ฿133.1m (up 8.3% from 2Q 2022). Net loss: ฿17.1m (down 137% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 33% per year.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿2.34, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 11x in the Real Estate industry in Thailand. Total returns to shareholders of 191% over the past three years.
Reported Earnings • May 12First quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.014 in 1Q 2022)First quarter 2023 results: EPS: ฿0.02 (up from ฿0.014 in 1Q 2022). Revenue: ฿136.8m (up 3.6% from 1Q 2022). Net income: ฿22.5m (up 78% from 1Q 2022). Profit margin: 16% (up from 9.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 04Upcoming dividend of ฿0.03 per share at 0.9% yieldEligible shareholders must have bought the stock before 11 April 2023. Payment date: 02 May 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.9%). Lower than average of industry peers (3.9%).
Reported Earnings • Feb 10Full year 2022 earnings released: EPS: ฿0.19 (vs ฿0.18 in FY 2021)Full year 2022 results: EPS: ฿0.19 (up from ฿0.18 in FY 2021). Revenue: ฿522.2m (up 36% from FY 2021). Net income: ฿202.3m (up 25% from FY 2021). Profit margin: 39% (down from 42% in FY 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Director Adisak Sukumvitaya was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: ฿0.016 (vs ฿0.007 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.016 (up from ฿0.007 in 3Q 2021). Revenue: ฿128.0m (up 62% from 3Q 2021). Net income: ฿18.0m (up 198% from 3Q 2021). Profit margin: 14% (up from 7.7% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 60% per year whereas the company’s share price has increased by 63% per year.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.045 (vs ฿0.024 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.045 (up from ฿0.024 in 2Q 2021). Revenue: ฿122.9m (up 28% from 2Q 2021). Net income: ฿46.3m (up 108% from 2Q 2021). Profit margin: 38% (up from 23% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 13First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: EPS: ฿0.014 (down from ฿0.026 in 1Q 2021). Revenue: ฿132.1m (up 5.6% from 1Q 2021). Net income: ฿12.6m (down 40% from 1Q 2021). Profit margin: 9.6% (down from 17% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Director Adisak Sukumvitaya was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 12Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 19 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.0%).
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿5.05, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 15x in the Real Estate industry in Thailand. Total returns to shareholders of 339% over the past three years.
お知らせ • Feb 24JAS Asset Public Company Limited, Annual General Meeting, Apr 08, 2022JAS Asset Public Company Limited, Annual General Meeting, Apr 08, 2022, at 02:00 Coordinated Universal Time. Agenda: To certify the minutes of Annual General Meeting of Shareholder 2021;to acknowledge the report on the Company's operating result for the year 2021; to consider and approve the audited financial statement for the year ended 31 December 2021;to consider and approve the payment of dividend derived from the operating result in respect of the year ended 31 December 2021;to consider and approve the appointment of directors to replace those retiring by rotation;to consider and approve the determination of directors' remuneration;to consider and approve the appointment of the auditor and the determination of the auditor's remuneration;to consider and approve the increase of the Company's registered capital and the amendment to Clause 4 of the Company's Memorandum of Association to reflect the capital increase;and to consider other matters (if any).
Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: ฿0.18 (up from ฿0.071 in FY 2020). Revenue: ฿383.6m (down 25% from FY 2020). Net income: ฿161.4m (up 186% from FY 2020). Profit margin: 42% (up from 11% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 24JAS Asset Public Company Limited Proposes Dividend for 2021, Payable on May 5, 2022JAS Asset Public Company Limited will propose dividend at the rate of THB 0.03 per share for 2021 to its AGM to be held on 8 April 2022. The date fixed to determine the list of shareholders who are entitled to receive dividends is on 20 April 2022 (Record Date) and is scheduled to pay dividends to shareholders on 5 May 2022.
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿4.50, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 235% over the past three years.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿3.54, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 173% over the past three years.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS ฿0.007 (vs ฿0.033 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿78.9m (down 36% from 3Q 2020). Net income: ฿6.06m (down 77% from 3Q 2020). Profit margin: 7.7% (down from 22% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS ฿0.024 (vs ฿0.006 in 2Q 2020)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: ฿96.2m (flat on 2Q 2020). Net income: ฿22.2m (up 371% from 2Q 2020). Profit margin: 23% (up from 4.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.021 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ฿130.8m (down 21% from 1Q 2020). Net income: ฿21.0m (up 26% from 1Q 2020). Profit margin: 16% (up from 10% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 14Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 20 April 2021. Payment date: 07 May 2021. Trailing yield: 0.9%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (3.8%).
Is New 90 Day High Low • Mar 10New 90-day high: ฿3.74The company is up 194% from its price of ฿1.27 on 09 December 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improved over the past weekAfter last week's 22% share price gain to ฿3.74, the stock is trading at a trailing P/E ratio of 52.6x, up from the previous P/E ratio of 43x. This compares to an average P/E of 13x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 81%.
お知らせ • Feb 24JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2021JAS Asset Public Company Limited, Annual General Meeting, Apr 09, 2021, at 09:00 SE Asia Standard Time. Location: No. 187, Jay Mart B Building, 2nd Floor, Ramkhamhaeng Road Rat Phatthana Sub-district, Saphan Sung District Bangkok Thailand Agenda: To consider and approve the Company's financial statements for the fiscal year ended December 31, 2020; to consider and approve the dividend payment for the operating results ended December 31, 2020; to consider and approve the appointment of directors to replace those who are due to retire by rotation; to consider and approve the determination of directors' remuneration; to consider and approve the appointment of auditors and determine the audit fee; to consider and approve the amendment of objectives and an amendment to Clause 3 of the Company's Memorandum of Association; and to consider any other business (if any).
Reported Earnings • Feb 24Full year 2020 earnings released: EPS ฿0.07 (vs ฿0.026 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿512.5m (down 43% from FY 2019). Net income: ฿56.4m (up 228% from FY 2019). Profit margin: 11% (up from 1.9% in FY 2019). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 37% share price gain to ฿2.56, the stock is trading at a trailing P/E ratio of 20.6x, up from the previous P/E ratio of 15x. This compares to an average P/E of 14x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 18%.
Is New 90 Day High Low • Jan 20New 90-day high: ฿1.93The company is up 57% from its price of ฿1.23 on 22 October 2020. The Thai market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 23% over the same period.
Is New 90 Day High Low • Dec 30New 90-day high: ฿1.66The company is up 34% from its price of ฿1.24 on 01 October 2020. The Thai market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period.
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 33% share price gain to ฿1.66, the stock is trading at a trailing P/E ratio of 13.3x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 11x in the Real Estate industry in Thailand. Total return to shareholders over the past three years is a loss of 24%.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.03The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿122.4m (down 23% from 3Q 2019). Net income: ฿26.3m (up ฿42.7m from 3Q 2019). Profit margin: 22% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 12New 90-day high: ฿1.41The company is up 50% from its price of ฿0.94 on 14 July 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 7.0% over the same period.