View Financial HealthNirvana Development 配当と自社株買い配当金 基準チェック /06Nirvana Development現在配当金を支払っていません。主要情報0%配当利回り0%バイバック利回り総株主利回り0%将来の配当利回りn/a配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向0%最近の配当と自社株買いの更新お知らせ • Feb 23Nirvana Development Public Company Limited Announces Change of Dividend Payout PolicyNirvana Development Public Company Limited announced that the board of directors meeting held on February 20, 2025 has passed the significant resolutions as follows: Approved to change the dividend payout policy. Existing Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit as per the consolidated financial statements. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management. Newly-amended Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management.お知らせ • Feb 20Nirvana Development Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Nirvana Development Public Company Limited's AGM is scheduled to be held on April 25, 2025, the board proposed to consider and approve the non-payment of dividend and the appropriation of the Legal reserve. Omitted dividend payment from: Operating period from 01 January 2024 to 31 December 2024.お知らせ • Apr 27Nirvana Development Public Company Limited Approves Dividend for the Operating Results from 1 January 2023 to 31 December 2023, Payable on May 21, 2024Nirvana Development Public Company Limited at its AGM held on April 25, 2024, approved the payment of dividend for the operating results from 1 January 2023 to 31 December 2023 at the rate of THB 0.026 per share amounting to THB 40,382,563.96, representing to 20.08% of the net profit of the Company's consolidated balance sheet which is 50% of the Company's dividend payment policy. In this regard, the Company has determined the record date for determining the list of shareholders entitling to receive such dividends on March 18, 2024 and the date of dividend payment on May 21, 2024.Upcoming Dividend • Mar 08Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (4.6%).Upcoming Dividend • Mar 05Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).Declared Dividend • Feb 29Dividend reduced to ฿0.026Dividend of ฿0.026 is 57% lower than last year. Ex-date: 12th March 2024 Payment date: 21st May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.0% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.すべての更新を表示Recent updatesNew Risk • May 13New 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 7.8% 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 (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.07b market cap, or US$33.2m).Reported Earnings • May 09First quarter 2026 earnings released: ฿0.002 loss per share (vs ฿0.01 profit in 1Q 2025)First quarter 2026 results: ฿0.002 loss per share (down from ฿0.01 profit in 1Q 2025). Revenue: ฿149.0m (down 51% from 1Q 2025). Net loss: ฿4.00m (down 124% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Board Change • Mar 28Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Director Sudhikrit Thanombooncharoen was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 25Full year 2025 earnings releasedFull year 2025 results: Revenue: ฿1.70b (up 17% from FY 2024). Net income: ฿156.0m (up 81% from FY 2024). Profit margin: 9.2% (up from 5.9% in FY 2024).お知らせ • Feb 24Nirvana Development Public Company Limited, Annual General Meeting, Apr 24, 2026Nirvana Development Public Company Limited, Annual General Meeting, Apr 24, 2026, at 10:00 SE Asia Standard Time. Location: at benjasiri 1-2 room, 5th floor, novotel bangkok sukhumvit 20, 19/9 soi sukhumvit, 20, klong toey sub-district, klong toey district, bangkok 10110 ThailandReported Earnings • Nov 17Third quarter 2025 earnings released: EPS: ฿0.026 (vs ฿0.002 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.026 (up from ฿0.002 in 3Q 2024). Revenue: ฿403.8m (up 23% from 3Q 2024). Net income: ฿44.5m (up ฿40.7m from 3Q 2024). Profit margin: 11% (up from 1.2% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 08Second quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.003 profit in 2Q 2024)Second quarter 2025 results: ฿0.02 loss per share (down from ฿0.003 profit in 2Q 2024). Revenue: ฿120.2m (down 61% from 2Q 2024). Net loss: ฿32.3m (down ฿36.9m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.New Risk • Jul 11New 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 Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (฿1.83b market cap, or US$56.3m).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 8.0% 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 (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (฿1.87b market cap, or US$57.4m).Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.011 (vs ฿0.014 in 1Q 2024)First quarter 2025 results: EPS: ฿0.011 (down from ฿0.014 in 1Q 2024). Revenue: ฿321.6m (up 1.8% from 1Q 2024). Net income: ฿16.8m (down 23% from 1Q 2024). Profit margin: 5.2% (down from 6.9% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.New Risk • Apr 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (฿2.09b market cap, or US$62.4m).お知らせ • Mar 06Nirvana Development Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 388.343804 million.Nirvana Development Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 388.343804 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 298,726,003 Price\Range: THB 1.3 Transaction Features: Rights Offeringお知らせ • Feb 23Nirvana Development Public Company Limited Announces Change of Dividend Payout PolicyNirvana Development Public Company Limited announced that the board of directors meeting held on February 20, 2025 has passed the significant resolutions as follows: Approved to change the dividend payout policy. Existing Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit as per the consolidated financial statements. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management. Newly-amended Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management.Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿0.056 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.056 (down from ฿0.13 in FY 2023). Revenue: ฿1.50b (down 26% from FY 2023). Net income: ฿86.3m (down 57% from FY 2023). Profit margin: 5.7% (down from 9.9% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.お知らせ • Feb 21Nirvana Development Public Company Limited, Annual General Meeting, Apr 25, 2025Nirvana Development Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Location: at benjasiri 1-2 room,5th floor, novotel bangkok, sukhumvit 20, 19/9 soi sukhumvit 20, klong toey subdistrict klong toey district, bangkok 10110 Thailandお知らせ • Feb 20Nirvana Development Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Nirvana Development Public Company Limited's AGM is scheduled to be held on April 25, 2025, the board proposed to consider and approve the non-payment of dividend and the appropriation of the Legal reserve. Omitted dividend payment from: Operating period from 01 January 2024 to 31 December 2024.New Risk • Feb 03New 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 6.4% 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 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 (6.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.97b market cap, or US$58.0m).Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.002 (vs ฿0.02 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.002 (down from ฿0.02 in 3Q 2023). Revenue: ฿351.5m (down 37% from 3Q 2023). Net income: ฿3.85m (down 87% from 3Q 2023). Profit margin: 1.1% (down from 5.5% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.003 (vs ฿0.011 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.003 (down from ฿0.011 in 2Q 2023). Revenue: ฿326.2m (down 29% from 2Q 2023). Net income: ฿4.55m (down 74% from 2Q 2023). Profit margin: 1.4% (down from 3.7% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year.お知らせ • Jul 09+ 1 more updateNirvana Development Public Company Limited Announces Chief Financial Officer ChangesNirvana Development Public Company Limited announced termination of Anothai Xanthavanij as Chief Financial Officer. Effective Date of Termination: 15-Jul-2024. The company announced appointment of Miss Varaporn Thanapornpaiboon as Acting Chief Financial Officer. Effective Date of Appointment: 16-Jul-2024.Reported Earnings • May 11First quarter 2024 earnings released: EPS: ฿0.014 (vs ฿0.022 in 1Q 2023)First quarter 2024 results: EPS: ฿0.014 (down from ฿0.022 in 1Q 2023). Revenue: ฿318.5m (down 35% from 1Q 2023). Net income: ฿21.9m (down 37% from 1Q 2023). Profit margin: 6.9% (down from 7.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • May 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Sudhikrit Thanombooncharoen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 27Nirvana Development Public Company Limited Approves Dividend for the Operating Results from 1 January 2023 to 31 December 2023, Payable on May 21, 2024Nirvana Development Public Company Limited at its AGM held on April 25, 2024, approved the payment of dividend for the operating results from 1 January 2023 to 31 December 2023 at the rate of THB 0.026 per share amounting to THB 40,382,563.96, representing to 20.08% of the net profit of the Company's consolidated balance sheet which is 50% of the Company's dividend payment policy. In this regard, the Company has determined the record date for determining the list of shareholders entitling to receive such dividends on March 18, 2024 and the date of dividend payment on May 21, 2024.お知らせ • Apr 26Nirvana Development Public Company Limited Approves Appointment of Sudhikrit Thanombooncharoen as DirectorNirvana Development Public Company Limited at its AGM held on April 25, 2024, approved the appointment of the new director, Mr. Sudhikrit Thanombooncharoen.Upcoming Dividend • Mar 08Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (4.6%).Upcoming Dividend • Mar 05Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).Declared Dividend • Feb 29Dividend reduced to ฿0.026Dividend of ฿0.026 is 57% lower than last year. Ex-date: 12th March 2024 Payment date: 21st May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.0% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.お知らせ • Feb 28Nirvana Development Public Company Limited Proposes Dividend for the Period from January 1, 2023 to December 31, 2023, Payable on May 21, 2024Nirvana Daii Public Company Limited proposed the payment of dividends for the operating results from 1 January 2023 to 31 December 2023 equivalent to THB 0.026 per share totaling of THB 40,382,563.96. In this regard, the company has determined the record date for determining the list of shareholders entitled to receive such dividends on March 13, 2024, and the date of dividend payment on May 21, 2024. Ex-dividend date is 12-March-2024.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in FY 2022)Full year 2023 results: EPS: ฿0.13 (in line with FY 2022). Revenue: ฿2.08b (down 19% from FY 2022). Net income: ฿201.1m (flat on FY 2022). Profit margin: 9.7% (up from 7.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.013 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.02 (up from ฿0.013 in 3Q 2022). Revenue: ฿555.1m (up 30% from 3Q 2022). Net income: ฿30.6m (up 47% from 3Q 2022). Profit margin: 5.5% (up from 4.9% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 41% 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 • Aug 08Second quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.009 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.011 (up from ฿0.009 in 2Q 2022). Revenue: ฿459.4m (down 39% from 2Q 2022). Net income: ฿17.2m (up 27% from 2Q 2022). Profit margin: 3.7% (up from 1.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 10First quarter 2023 earnings released: EPS: ฿0.022 (vs ฿0.10 in 1Q 2022)First quarter 2023 results: EPS: ฿0.022 (down from ฿0.10 in 1Q 2022). Revenue: ฿486.4m (down 55% from 1Q 2022). Net income: ฿34.9m (down 78% from 1Q 2022). Profit margin: 7.2% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. 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 29% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.10, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 133% over the past three years.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿2.40, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 169% over the past three years.Upcoming Dividend • Mar 02Upcoming dividend of ฿0.06 per share at 3.0% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (3.8%).Reported Earnings • Feb 23Full year 2022 earnings released: EPS: ฿0.13 (vs ฿0.26 in FY 2021)Full year 2022 results: EPS: ฿0.13 (down from ฿0.26 in FY 2021). Revenue: ฿2.57b (down 15% from FY 2021). Net income: ฿201.0m (down 51% from FY 2021). Profit margin: 7.8% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.08 loss in 3Q 2021)Third quarter 2022 results: EPS: ฿0.01 (up from ฿0.08 loss in 3Q 2021). Revenue: ฿426.6m (down 35% from 3Q 2021). Net income: ฿20.8m (up ฿145.7m from 3Q 2021). Profit margin: 4.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. CFO & Director Anothai Xanthavanij was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.009 (vs ฿0.003 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.009 (up from ฿0.003 loss in 2Q 2021). Revenue: ฿758.5m (down 4.5% from 2Q 2021). Net income: ฿13.5m (up ฿17.1m from 2Q 2021). Profit margin: 1.8% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • May 12First quarter 2022 earnings released: EPS: ฿0.10 (vs ฿0.027 in 1Q 2021)First quarter 2022 results: EPS: ฿0.10 (up from ฿0.027 in 1Q 2021). Revenue: ฿1.09b (up 47% from 1Q 2021). Net income: ฿155.9m (up 282% from 1Q 2021). Profit margin: 14% (up from 5.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Independent Director Kampanart Lohacharoenvanich is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Upcoming Dividend • Mar 02Inaugural dividend of ฿0.014 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 09 May 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in February 2020. The average dividend yield among industry peers is 3.1%.Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.30 (up from ฿0.037 loss in FY 2020). Revenue: ฿3.02b (up 22% from FY 2020). Net income: ฿408.3m (up ฿459.3m from FY 2020). Profit margin: 14% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 07Third quarter 2021 earnings released: ฿0.09 loss per share (vs ฿0.048 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: ฿654.0m (down 44% from 3Q 2020). Net loss: ฿124.9m (down 291% 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 99 percentage points per year, which is a significant difference in performance.Executive Departure • Aug 23Independent Director Tawatchai Sudthikitpisan has left the companyOn the 10th of August, Tawatchai Sudthikitpisan's tenure as Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Tawatchai's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Executive Departure • Aug 23Vice Chairman of the Board of Directors Kittsanan Kittamaytrapemadej has left the companyOn the 10th of August, Kittsanan Kittamaytrapemadej's tenure as Vice Chairman of the Board of Directors ended. We don't have any record of a personal shareholding under Kittsanan's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.Reported Earnings • Aug 09Second quarter 2021 earnings released: ฿0.003 loss per share (vs ฿0.023 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿794.5m (up 137% from 2Q 2020). Net loss: ฿3.64m (loss narrowed 88% from 2Q 2020). 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.お知らせ • Jun 03Chatchai Piyasombatkul made an offer to acquire remaining 75% stake in Nirvana Daii Public Company Limited (SET:NVD) for THB 2.6 billion.Chatchai Piyasombatkul made an offer to acquire remaining 75% stake in Nirvana Daii Public Company Limited (SET:NVD) for THB 2.6 billion on June 2, 2021. Under the term, Chatchai Piyasombatkul will acquire 1.04 billion shares of Nirvana Daii Public Company Limited at THB 2.52 per share. Post completion, Chatchai Piyasombatkul will hold 100% stake in Nirvana Daii Public Company Limited. The tender offer is expected to be submitted by June 14, 2021. Allen & Overy (Thailand) Company Limited acted as a legal advisor to Chatchai Piyasombatkul. Krungthai Zmico Securities Company Limited prepared the offer.Reported Earnings • May 09First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.007 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿740.6m (up 113% from 1Q 2020). Net income: ฿40.8m (up ฿50.4m from 1Q 2020). Profit margin: 5.5% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 24Full year 2020 earnings released: ฿0.037 loss per share (vs ฿0.021 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿2.47b (down 8.8% from FY 2019). Net loss: ฿51.0m (down 280% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 23New 90-day high: ฿2.76The company is up 23% from its price of ฿2.24 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period.Is New 90 Day High Low • Jan 08New 90-day high: ฿2.58The company is up 132% from its price of ฿1.11 on 09 October 2020. The Thai market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 16% over the same period.Is New 90 Day High Low • Dec 04New 90-day high: ฿2.46The company is up 102% from its price of ฿1.22 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.Is New 90 Day High Low • Nov 16New 90-day high: ฿1.25The company is up 2.0% from its price of ฿1.22 on 18 August 2020. The Thai market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.048The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿1.17b (up 82% from 3Q 2019). Net income: ฿65.6m (up 76% from 3Q 2019). Profit margin: 5.6% (down from 5.8% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 65% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 15New 90-day low: ฿1.03The company is down 23% from its price of ฿1.33 on 17 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 6.0% over the same period.決済の安定と成長配当データの取得安定した配当: NVDの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: NVDの配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Nirvana Development 配当利回り対市場NVD 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (NVD)0%市場下位25% (TH)3.3%市場トップ25% (TH)7.4%業界平均 (Real Estate)4.6%アナリスト予想 (NVD) (最長3年)n/a注目すべき配当: NVDは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: NVDは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: NVD TH市場において目立った配当金を支払っていません。株主配当金キャッシュフローカバレッジ: NVDが配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YTH 市場の強力な配当支払い企業。View Management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2026/05/28 15:45終値2026/05/28 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Nirvana Development 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。0
お知らせ • Feb 23Nirvana Development Public Company Limited Announces Change of Dividend Payout PolicyNirvana Development Public Company Limited announced that the board of directors meeting held on February 20, 2025 has passed the significant resolutions as follows: Approved to change the dividend payout policy. Existing Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit as per the consolidated financial statements. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management. Newly-amended Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management.
お知らせ • Feb 20Nirvana Development Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Nirvana Development Public Company Limited's AGM is scheduled to be held on April 25, 2025, the board proposed to consider and approve the non-payment of dividend and the appropriation of the Legal reserve. Omitted dividend payment from: Operating period from 01 January 2024 to 31 December 2024.
お知らせ • Apr 27Nirvana Development Public Company Limited Approves Dividend for the Operating Results from 1 January 2023 to 31 December 2023, Payable on May 21, 2024Nirvana Development Public Company Limited at its AGM held on April 25, 2024, approved the payment of dividend for the operating results from 1 January 2023 to 31 December 2023 at the rate of THB 0.026 per share amounting to THB 40,382,563.96, representing to 20.08% of the net profit of the Company's consolidated balance sheet which is 50% of the Company's dividend payment policy. In this regard, the Company has determined the record date for determining the list of shareholders entitling to receive such dividends on March 18, 2024 and the date of dividend payment on May 21, 2024.
Upcoming Dividend • Mar 08Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (4.6%).
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).
Declared Dividend • Feb 29Dividend reduced to ฿0.026Dividend of ฿0.026 is 57% lower than last year. Ex-date: 12th March 2024 Payment date: 21st May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.0% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.
New Risk • May 13New 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 7.8% 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 (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.07b market cap, or US$33.2m).
Reported Earnings • May 09First quarter 2026 earnings released: ฿0.002 loss per share (vs ฿0.01 profit in 1Q 2025)First quarter 2026 results: ฿0.002 loss per share (down from ฿0.01 profit in 1Q 2025). Revenue: ฿149.0m (down 51% from 1Q 2025). Net loss: ฿4.00m (down 124% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Board Change • Mar 28Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. Director Sudhikrit Thanombooncharoen was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 25Full year 2025 earnings releasedFull year 2025 results: Revenue: ฿1.70b (up 17% from FY 2024). Net income: ฿156.0m (up 81% from FY 2024). Profit margin: 9.2% (up from 5.9% in FY 2024).
お知らせ • Feb 24Nirvana Development Public Company Limited, Annual General Meeting, Apr 24, 2026Nirvana Development Public Company Limited, Annual General Meeting, Apr 24, 2026, at 10:00 SE Asia Standard Time. Location: at benjasiri 1-2 room, 5th floor, novotel bangkok sukhumvit 20, 19/9 soi sukhumvit, 20, klong toey sub-district, klong toey district, bangkok 10110 Thailand
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: ฿0.026 (vs ฿0.002 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.026 (up from ฿0.002 in 3Q 2024). Revenue: ฿403.8m (up 23% from 3Q 2024). Net income: ฿44.5m (up ฿40.7m from 3Q 2024). Profit margin: 11% (up from 1.2% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 08Second quarter 2025 earnings released: ฿0.02 loss per share (vs ฿0.003 profit in 2Q 2024)Second quarter 2025 results: ฿0.02 loss per share (down from ฿0.003 profit in 2Q 2024). Revenue: ฿120.2m (down 61% from 2Q 2024). Net loss: ฿32.3m (down ฿36.9m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
New Risk • Jul 11New 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 Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (฿1.83b market cap, or US$56.3m).
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 8.0% 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 (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (฿1.87b market cap, or US$57.4m).
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.011 (vs ฿0.014 in 1Q 2024)First quarter 2025 results: EPS: ฿0.011 (down from ฿0.014 in 1Q 2024). Revenue: ฿321.6m (up 1.8% from 1Q 2024). Net income: ฿16.8m (down 23% from 1Q 2024). Profit margin: 5.2% (down from 6.9% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
New Risk • Apr 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (฿2.09b market cap, or US$62.4m).
お知らせ • Mar 06Nirvana Development Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 388.343804 million.Nirvana Development Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 388.343804 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 298,726,003 Price\Range: THB 1.3 Transaction Features: Rights Offering
お知らせ • Feb 23Nirvana Development Public Company Limited Announces Change of Dividend Payout PolicyNirvana Development Public Company Limited announced that the board of directors meeting held on February 20, 2025 has passed the significant resolutions as follows: Approved to change the dividend payout policy. Existing Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit as per the consolidated financial statements. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management. Newly-amended Policy: The Company has a policy to pay dividends at a rate of not less than 40% of the net profit. However, the dividend payout ratio may be subject to change depending on the Company's performance, financial position, liquidity, business expansion, and other relevant factors related to the Company's management.
Reported Earnings • Feb 21Full year 2024 earnings released: EPS: ฿0.056 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.056 (down from ฿0.13 in FY 2023). Revenue: ฿1.50b (down 26% from FY 2023). Net income: ฿86.3m (down 57% from FY 2023). Profit margin: 5.7% (down from 9.9% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 21Nirvana Development Public Company Limited, Annual General Meeting, Apr 25, 2025Nirvana Development Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Location: at benjasiri 1-2 room,5th floor, novotel bangkok, sukhumvit 20, 19/9 soi sukhumvit 20, klong toey subdistrict klong toey district, bangkok 10110 Thailand
お知らせ • Feb 20Nirvana Development Public Company Limited Proposes Omission of Dividend for the Operating Period from 01 January 2024 to 31 December 2024Nirvana Development Public Company Limited's AGM is scheduled to be held on April 25, 2025, the board proposed to consider and approve the non-payment of dividend and the appropriation of the Legal reserve. Omitted dividend payment from: Operating period from 01 January 2024 to 31 December 2024.
New Risk • Feb 03New 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 6.4% 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 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 (6.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (฿1.97b market cap, or US$58.0m).
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.002 (vs ฿0.02 in 3Q 2023)Third quarter 2024 results: EPS: ฿0.002 (down from ฿0.02 in 3Q 2023). Revenue: ฿351.5m (down 37% from 3Q 2023). Net income: ฿3.85m (down 87% from 3Q 2023). Profit margin: 1.1% (down from 5.5% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.003 (vs ฿0.011 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.003 (down from ฿0.011 in 2Q 2023). Revenue: ฿326.2m (down 29% from 2Q 2023). Net income: ฿4.55m (down 74% from 2Q 2023). Profit margin: 1.4% (down from 3.7% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year.
お知らせ • Jul 09+ 1 more updateNirvana Development Public Company Limited Announces Chief Financial Officer ChangesNirvana Development Public Company Limited announced termination of Anothai Xanthavanij as Chief Financial Officer. Effective Date of Termination: 15-Jul-2024. The company announced appointment of Miss Varaporn Thanapornpaiboon as Acting Chief Financial Officer. Effective Date of Appointment: 16-Jul-2024.
Reported Earnings • May 11First quarter 2024 earnings released: EPS: ฿0.014 (vs ฿0.022 in 1Q 2023)First quarter 2024 results: EPS: ฿0.014 (down from ฿0.022 in 1Q 2023). Revenue: ฿318.5m (down 35% from 1Q 2023). Net income: ฿21.9m (down 37% from 1Q 2023). Profit margin: 6.9% (down from 7.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • May 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Sudhikrit Thanombooncharoen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 27Nirvana Development Public Company Limited Approves Dividend for the Operating Results from 1 January 2023 to 31 December 2023, Payable on May 21, 2024Nirvana Development Public Company Limited at its AGM held on April 25, 2024, approved the payment of dividend for the operating results from 1 January 2023 to 31 December 2023 at the rate of THB 0.026 per share amounting to THB 40,382,563.96, representing to 20.08% of the net profit of the Company's consolidated balance sheet which is 50% of the Company's dividend payment policy. In this regard, the Company has determined the record date for determining the list of shareholders entitling to receive such dividends on March 18, 2024 and the date of dividend payment on May 21, 2024.
お知らせ • Apr 26Nirvana Development Public Company Limited Approves Appointment of Sudhikrit Thanombooncharoen as DirectorNirvana Development Public Company Limited at its AGM held on April 25, 2024, approved the appointment of the new director, Mr. Sudhikrit Thanombooncharoen.
Upcoming Dividend • Mar 08Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 15 March 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.1%). Lower than average of industry peers (4.6%).
Upcoming Dividend • Mar 05Upcoming dividend of ฿0.026 per shareEligible shareholders must have bought the stock before 12 March 2024. Payment date: 21 May 2024. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).
Declared Dividend • Feb 29Dividend reduced to ฿0.026Dividend of ฿0.026 is 57% lower than last year. Ex-date: 12th March 2024 Payment date: 21st May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.0% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.
お知らせ • Feb 28Nirvana Development Public Company Limited Proposes Dividend for the Period from January 1, 2023 to December 31, 2023, Payable on May 21, 2024Nirvana Daii Public Company Limited proposed the payment of dividends for the operating results from 1 January 2023 to 31 December 2023 equivalent to THB 0.026 per share totaling of THB 40,382,563.96. In this regard, the company has determined the record date for determining the list of shareholders entitled to receive such dividends on March 13, 2024, and the date of dividend payment on May 21, 2024. Ex-dividend date is 12-March-2024.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in FY 2022)Full year 2023 results: EPS: ฿0.13 (in line with FY 2022). Revenue: ฿2.08b (down 19% from FY 2022). Net income: ฿201.1m (flat on FY 2022). Profit margin: 9.7% (up from 7.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.013 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.02 (up from ฿0.013 in 3Q 2022). Revenue: ฿555.1m (up 30% from 3Q 2022). Net income: ฿30.6m (up 47% from 3Q 2022). Profit margin: 5.5% (up from 4.9% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 41% 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 • Aug 08Second quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.009 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.011 (up from ฿0.009 in 2Q 2022). Revenue: ฿459.4m (down 39% from 2Q 2022). Net income: ฿17.2m (up 27% from 2Q 2022). Profit margin: 3.7% (up from 1.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 10First quarter 2023 earnings released: EPS: ฿0.022 (vs ฿0.10 in 1Q 2022)First quarter 2023 results: EPS: ฿0.022 (down from ฿0.10 in 1Q 2022). Revenue: ฿486.4m (down 55% from 1Q 2022). Net income: ฿34.9m (down 78% from 1Q 2022). Profit margin: 7.2% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. 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 29% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ฿2.10, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 133% over the past three years.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 21%After last week's 21% share price gain to ฿2.40, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 169% over the past three years.
Upcoming Dividend • Mar 02Upcoming dividend of ฿0.06 per share at 3.0% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (3.8%).
Reported Earnings • Feb 23Full year 2022 earnings released: EPS: ฿0.13 (vs ฿0.26 in FY 2021)Full year 2022 results: EPS: ฿0.13 (down from ฿0.26 in FY 2021). Revenue: ฿2.57b (down 15% from FY 2021). Net income: ฿201.0m (down 51% from FY 2021). Profit margin: 7.8% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.08 loss in 3Q 2021)Third quarter 2022 results: EPS: ฿0.01 (up from ฿0.08 loss in 3Q 2021). Revenue: ฿426.6m (down 35% from 3Q 2021). Net income: ฿20.8m (up ฿145.7m from 3Q 2021). Profit margin: 4.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. CFO & Director Anothai Xanthavanij was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: ฿0.009 (vs ฿0.003 loss in 2Q 2021)Second quarter 2022 results: EPS: ฿0.009 (up from ฿0.003 loss in 2Q 2021). Revenue: ฿758.5m (down 4.5% from 2Q 2021). Net income: ฿13.5m (up ฿17.1m from 2Q 2021). Profit margin: 1.8% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • May 12First quarter 2022 earnings released: EPS: ฿0.10 (vs ฿0.027 in 1Q 2021)First quarter 2022 results: EPS: ฿0.10 (up from ฿0.027 in 1Q 2021). Revenue: ฿1.09b (up 47% from 1Q 2021). Net income: ฿155.9m (up 282% from 1Q 2021). Profit margin: 14% (up from 5.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Independent Director Kampanart Lohacharoenvanich is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Upcoming Dividend • Mar 02Inaugural dividend of ฿0.014 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 09 May 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in February 2020. The average dividend yield among industry peers is 3.1%.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.30 (up from ฿0.037 loss in FY 2020). Revenue: ฿3.02b (up 22% from FY 2020). Net income: ฿408.3m (up ฿459.3m from FY 2020). Profit margin: 14% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 07Third quarter 2021 earnings released: ฿0.09 loss per share (vs ฿0.048 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: ฿654.0m (down 44% from 3Q 2020). Net loss: ฿124.9m (down 291% 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 99 percentage points per year, which is a significant difference in performance.
Executive Departure • Aug 23Independent Director Tawatchai Sudthikitpisan has left the companyOn the 10th of August, Tawatchai Sudthikitpisan's tenure as Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Tawatchai's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Executive Departure • Aug 23Vice Chairman of the Board of Directors Kittsanan Kittamaytrapemadej has left the companyOn the 10th of August, Kittsanan Kittamaytrapemadej's tenure as Vice Chairman of the Board of Directors ended. We don't have any record of a personal shareholding under Kittsanan's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years.
Reported Earnings • Aug 09Second quarter 2021 earnings released: ฿0.003 loss per share (vs ฿0.023 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ฿794.5m (up 137% from 2Q 2020). Net loss: ฿3.64m (loss narrowed 88% from 2Q 2020). 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.
お知らせ • Jun 03Chatchai Piyasombatkul made an offer to acquire remaining 75% stake in Nirvana Daii Public Company Limited (SET:NVD) for THB 2.6 billion.Chatchai Piyasombatkul made an offer to acquire remaining 75% stake in Nirvana Daii Public Company Limited (SET:NVD) for THB 2.6 billion on June 2, 2021. Under the term, Chatchai Piyasombatkul will acquire 1.04 billion shares of Nirvana Daii Public Company Limited at THB 2.52 per share. Post completion, Chatchai Piyasombatkul will hold 100% stake in Nirvana Daii Public Company Limited. The tender offer is expected to be submitted by June 14, 2021. Allen & Overy (Thailand) Company Limited acted as a legal advisor to Chatchai Piyasombatkul. Krungthai Zmico Securities Company Limited prepared the offer.
Reported Earnings • May 09First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.007 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿740.6m (up 113% from 1Q 2020). Net income: ฿40.8m (up ฿50.4m from 1Q 2020). Profit margin: 5.5% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 24Full year 2020 earnings released: ฿0.037 loss per share (vs ฿0.021 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿2.47b (down 8.8% from FY 2019). Net loss: ฿51.0m (down 280% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 23New 90-day high: ฿2.76The company is up 23% from its price of ฿2.24 on 25 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Jan 08New 90-day high: ฿2.58The company is up 132% from its price of ฿1.11 on 09 October 2020. The Thai market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 16% over the same period.
Is New 90 Day High Low • Dec 04New 90-day high: ฿2.46The company is up 102% from its price of ฿1.22 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.
Is New 90 Day High Low • Nov 16New 90-day high: ฿1.25The company is up 2.0% from its price of ฿1.22 on 18 August 2020. The Thai market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS ฿0.048The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: ฿1.17b (up 82% from 3Q 2019). Net income: ฿65.6m (up 76% from 3Q 2019). Profit margin: 5.6% (down from 5.8% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 65% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 15New 90-day low: ฿1.03The company is down 23% from its price of ฿1.33 on 17 July 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 6.0% over the same period.