View ValuationSiamese Asset 将来の成長Future 基準チェック /06現在、 Siamese 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7.0%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Price Target Changed • Apr 27Price target increased to ฿18.00Up from ฿8.70, the current price target is provided by 1 analyst. New target price is 88% above last closing price of ฿9.55. Stock is up 35% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.13 last year.すべての更新を表示Recent updatesReported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.001 (vs ฿0.063 in 1Q 2025)First quarter 2026 results: EPS: ฿0.001 (down from ฿0.063 in 1Q 2025). Revenue: ฿652.8m (down 17% from 1Q 2025). Net income: ฿10.2m (down 87% from 1Q 2025). Profit margin: 1.6% (down from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. VP of Accounting & Executive Director Suwichada Sroythong was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 22Siamese Asset Public Company Limited Approves the Omission of Dividend PaymentSiamese Asset Public Company Limited at its AGM held on April 21, 2026, resolved to approve the omission of dividend payment.New Risk • Mar 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 342% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.28 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.28 in FY 2024). Revenue: ฿2.72b (down 41% from FY 2024). Net income: ฿116.5m (down 66% from FY 2024). Profit margin: 4.3% (down from 7.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 751% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin).Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.083 in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (down from ฿0.083 in 3Q 2024). Revenue: ฿505.7m (down 53% from 3Q 2024). Net income: ฿10.9m (down 89% from 3Q 2024). Profit margin: 2.2% (down from 9.3% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings.Board Change • Oct 09Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 90% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.048 profit in 2Q 2024)Second quarter 2025 results: ฿0.01 loss per share (down from ฿0.048 profit in 2Q 2024). Revenue: ฿562.4m (down 42% from 2Q 2024). Net income: ฿6.20m (down 89% from 2Q 2024). Profit margin: 1.1% (down from 6.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.New Risk • Jul 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.New Risk • May 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.082 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.082 in 1Q 2024). Revenue: ฿935.0m (down 18% from 1Q 2024). Net income: ฿86.8m (down 12% from 1Q 2024). Profit margin: 9.3% (up from 8.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Apr 25Siamese Asset Public Company Limited Approves Cash Dividend for the Year 2024Siamese Asset Public Company Limited approved cash dividend of THB 0.08 per share, totaling an amount not exceeding THB 95,912,560 for the year 2024.New Risk • Mar 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 11% 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 Risks Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Earnings have declined by 25% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.29 (up from ฿0.13 in FY 2023). Revenue: ฿4.74b (up 235% from FY 2023). Net income: ฿386.3m (up 142% from FY 2023). Profit margin: 8.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Feb 26Siamese Asset Public Company Limited Proposes Cash Dividend for the Year End December 31, 2024, Payable on 23 May, 2025Siamese Asset Public Company Limited proposed cash dividend of THB 0.08 per share. Record date for the right to receive dividends 12 March, 2025. Ex-dividend date is 11 March, 2025, Payment date 23 May, 2025.お知らせ • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Location: broadcast from the meeting room of siamese asset-, public company limited, no. 1077/48, phaholyothin road, phaya thai subdistrict, phaya thai district, bangkok ThailandReported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.083 (vs ฿0.005 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.083 (up from ฿0.005 loss in 3Q 2023). Revenue: ฿1.11b (up 452% from 3Q 2023). Net income: ฿110.3m (up ฿116.6m from 3Q 2023). Profit margin: 10.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.05 (up from ฿0 in 2Q 2023). Revenue: ฿1.00b (up 210% from 2Q 2023). Net income: ฿68.7m (up ฿68.3m from 2Q 2023). Profit margin: 6.9% (up from 0.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Aug 10Siamese Asset Public Company Limited Approves Appointment of Panthep Asanitthong from Directorship Position to Independent DirectorSiamese Asset Public Company Limited at its meeting held on August 9, 2024 approved the appointment of Mr. Panthep Asanitthong from the Directorship position to become the Independent Director as Mr. Panthep Asanitthong has the qualifications as an independent director according to the Notification of Capital Market Supervisory Board TorJor. 39/2559, effective from August 13, 2024 onward. The Independent Director shall have the directorship term equivalent to the remaining directorship term of the Director only.Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.043 in 1Q 2023)First quarter 2024 results: EPS: ฿0.08 (up from ฿0.043 in 1Q 2023). Revenue: ฿1.17b (up 310% from 1Q 2023). Net income: ฿109.7m (up 114% from 1Q 2023). Profit margin: 9.3% (down from 18% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.お知らせ • Mar 23Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time.Upcoming Dividend • Mar 06Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in FY 2022)Full year 2023 results: EPS: ฿0.13. Revenue: ฿2.00b (down 1.8% from FY 2022). Net income: ฿193.1m (up 24% from FY 2022). Profit margin: 9.7% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses.Declared Dividend • Feb 29Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 13th March 2024 Payment date: 24th May 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.3%.お知らせ • Feb 28Siamese Asset Public Company Limited Proposes Cash Dividend for the Year 2023, Payable on May 24, 2024Siamese Asset Public Company Limited informed that the Board of Directors' Meeting held on February 27, 2024, resolved to propose the Annual General Meeting of Shareholders for the year 2024 to be held on April 25, 2024 dividend payment in cash from net profit for the year 2023 at the rate of THB 0.05 per share. The date to determine the list of shareholders who are entitled to receive dividends will be on March 14, 2024 (Record Date), and the such payment will be made on May 24, 2024. Ex-dividend date is March 13, 2024.お知らせ • Dec 26Siamese Asset Public Company Limited Announces Resignation of Pavarisa Damrongsuntisuk as Company SecretarySiamese Asset Public Company Limited announced that Miss Pavarisa Damrongsuntisuk has requested to resign from the position of Company Secretary, effective from December 26, 2023, onwards.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.005 (vs ฿0.009 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.005 (down from ฿0.009 in 2Q 2022). Revenue: ฿502.8m (up 43% from 2Q 2022). Net income: ฿8.56m (down 16% from 2Q 2022). Profit margin: 1.7% (down from 2.9% in 2Q 2022).Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿6.05, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total loss to shareholders of 31% over the past year.お知らせ • Jun 01Siamese Asset Public Company Limited Announces Executive ChangesSiamese Asset Public Company Limited announced the termination of Singsansern Kajonsit as Acting Chief Financial Officer, effective May 31, 2023. The company also announced the appointment of Aksornjirarat Leetita as CFO, effective June 1, 2023.Reported Earnings • May 13First quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.019 in 1Q 2022)First quarter 2023 results: EPS: ฿0.043 (up from ฿0.019 in 1Q 2022). Revenue: ฿488.2m (up 43% from 1Q 2022). Net income: ฿53.7m (up 135% from 1Q 2022). Profit margin: 11% (up from 6.7% in 1Q 2022).お知らせ • May 05Siamese Asset Public Company Limited Announces CFO ChangesSiamese Asset Public Company Limited announced changing of Chief Financial Officer. Position of CFO: Acting Chief Financial Officer. Name: Mr. Suphon Chongchintaraksa. Effective Date of Termination: 29 April 2023. Appoints Mr. Kajonsit Singsansern as the Acting Chief Financial Officer. Effective Date of Appointment is 02 May 2023.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿8.30, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total loss to shareholders of 30% over the past year.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (4.1%).Upcoming Dividend • Feb 28Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (3.5%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.066 (vs ฿0.029 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.066 (up from ฿0.029 in 3Q 2021). Revenue: ฿928.6m (up 81% from 3Q 2021). Net income: ฿78.7m (up 133% from 3Q 2021). Profit margin: 8.5% (up from 6.6% in 3Q 2021).Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.023 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.01 (down from ฿0.023 in 2Q 2021). Revenue: ฿587.7m (up 4.3% from 2Q 2021). Net income: ฿10.2m (down 63% from 2Q 2021). Profit margin: 1.7% (down from 4.8% in 2Q 2021). Over the next year, revenue is forecast to grow 180%, compared to a 18% growth forecast for the industry in Thailand.Buying Opportunity • Aug 10Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be ฿11.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.Buying Opportunity • Jul 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be ฿11.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: ฿0.019 (down from ฿0.038 in 1Q 2021). Revenue: ฿472.1m (down 29% from 1Q 2021). Net income: ฿22.8m (down 49% from 1Q 2021). Profit margin: 4.8% (down from 6.8% in 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 162%, compared to a 18% growth forecast for the industry in Thailand.Price Target Changed • Apr 27Price target increased to ฿18.00Up from ฿8.70, the current price target is provided by 1 analyst. New target price is 88% above last closing price of ฿9.55. Stock is up 35% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.13 last year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 07Upcoming dividend of ฿0.049 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.1%).Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ฿0.13 (down from ฿0.53 in FY 2020). Revenue: ฿2.44b (down 29% from FY 2020). Net income: ฿146.8m (down 73% from FY 2020). Profit margin: 6.0% (down from 16% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 101%, compared to a 17% growth forecast for the industry in Thailand.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿13.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 122% over the past year.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.029 (vs ฿0.19 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿552.7m (down 57% from 3Q 2020). Net income: ฿33.8m (down 82% from 3Q 2020). Profit margin: 6.1% (down from 15% in 3Q 2020).Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿8.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Real Estate industry in Thailand.Reported Earnings • Mar 01Full year 2020 earnings released: EPS ฿0.56 (vs ฿0.53 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: ฿3.42b (down 1.5% from FY 2019). Net income: ฿542.6m (up 8.0% from FY 2019). Profit margin: 16% (up from 14% in FY 2019).Reported Earnings • Dec 28Third quarter 2020 earnings released: EPS ฿0.20The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.29b (up 168% from 3Q 2019). Net income: ฿191.4m (up ฿182.4m from 3Q 2019). Profit margin: 15% (up from 1.9% in 3Q 2019). The increase in margin was driven by higher revenue. 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、Siamese 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:SA - 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3/31/20262,057388145N/A12/31/20252,34080-1043N/A9/30/20253,046157181277N/A6/30/20253,712257395720N/A3/31/20254,227319181640N/A12/31/20244,673342108598N/A9/30/20243,775370-429153N/A6/30/20242,905265-1,242-730N/A3/31/20242,263207-1,835-1,377N/A12/31/20231,415160-2,825-2,363N/A9/30/20231,24180-3,212-2,787N/A6/30/20231,947165-2,684-2,332N/A3/31/20231,976174-2,208-1,901N/A12/31/20222,032146-1,631-1,327N/A9/30/20222,049118-1,149-847N/A6/30/20221,65783-1,471-1,237N/A3/31/20221,869127-1,366-1,152N/A12/31/20212,188147-819-481N/A9/30/20213,173581-438-11N/A6/30/20213,946729125526N/A3/31/20213,585648524974N/A12/31/20203,418635288556N/A9/30/20202,934352401612N/A12/31/20193,470503N/A751N/A9/30/20193,762570N/A483N/A12/31/20182,035163N/A-2,048N/A12/31/20171,41767N/A-683N/A12/31/20161,16745N/AN/AN/A12/31/20151,177-18N/AN/AN/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: SA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: SA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: SA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: SA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: SA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: SA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2026/06/19 13:52終値2026/06/19 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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Siamese 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。3 アナリスト機関Wikij TirawannaratBualuang Securities PCLPoramet TongbuaBualuang Securities PCLPhoowadol PhoosodngernBualuang Securities PCL
Price Target Changed • Apr 27Price target increased to ฿18.00Up from ฿8.70, the current price target is provided by 1 analyst. New target price is 88% above last closing price of ฿9.55. Stock is up 35% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.13 last year.
Reported Earnings • May 21First quarter 2026 earnings released: EPS: ฿0.001 (vs ฿0.063 in 1Q 2025)First quarter 2026 results: EPS: ฿0.001 (down from ฿0.063 in 1Q 2025). Revenue: ฿652.8m (down 17% from 1Q 2025). Net income: ฿10.2m (down 87% from 1Q 2025). Profit margin: 1.6% (down from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. VP of Accounting & Executive Director Suwichada Sroythong was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 22Siamese Asset Public Company Limited Approves the Omission of Dividend PaymentSiamese Asset Public Company Limited at its AGM held on April 21, 2026, resolved to approve the omission of dividend payment.
New Risk • Mar 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 342% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 23% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.07 (vs ฿0.28 in FY 2024)Full year 2025 results: EPS: ฿0.07 (down from ฿0.28 in FY 2024). Revenue: ฿2.72b (down 41% from FY 2024). Net income: ฿116.5m (down 66% from FY 2024). Profit margin: 4.3% (down from 7.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026Siamese Asset Public Company Limited, Annual General Meeting, Apr 21, 2026, at 10:00 SE Asia Standard Time.
New Risk • Nov 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 751% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin).
Reported Earnings • Nov 14Third quarter 2025 earnings released: EPS: ฿0 (vs ฿0.083 in 3Q 2024)Third quarter 2025 results: EPS: ฿0 (down from ฿0.083 in 3Q 2024). Revenue: ฿505.7m (down 53% from 3Q 2024). Net income: ฿10.9m (down 89% from 3Q 2024). Profit margin: 2.2% (down from 9.3% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings.
Board Change • Oct 09Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 90% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 09Second quarter 2025 earnings released: ฿0.01 loss per share (vs ฿0.048 profit in 2Q 2024)Second quarter 2025 results: ฿0.01 loss per share (down from ฿0.048 profit in 2Q 2024). Revenue: ฿562.4m (down 42% from 2Q 2024). Net income: ฿6.20m (down 89% from 2Q 2024). Profit margin: 1.1% (down from 6.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
New Risk • Jul 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risk Large one-off items impacting financial results.
New Risk • May 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • May 10First quarter 2025 earnings released: EPS: ฿0.06 (vs ฿0.082 in 1Q 2024)First quarter 2025 results: EPS: ฿0.06 (down from ฿0.082 in 1Q 2024). Revenue: ฿935.0m (down 18% from 1Q 2024). Net income: ฿86.8m (down 12% from 1Q 2024). Profit margin: 9.3% (up from 8.7% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Apr 25Siamese Asset Public Company Limited Approves Cash Dividend for the Year 2024Siamese Asset Public Company Limited approved cash dividend of THB 0.08 per share, totaling an amount not exceeding THB 95,912,560 for the year 2024.
New Risk • Mar 04New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 11% 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 Risks Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Earnings have declined by 25% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.29 (vs ฿0.13 in FY 2023)Full year 2024 results: EPS: ฿0.29 (up from ฿0.13 in FY 2023). Revenue: ฿4.74b (up 235% from FY 2023). Net income: ฿386.3m (up 142% from FY 2023). Profit margin: 8.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Feb 26Siamese Asset Public Company Limited Proposes Cash Dividend for the Year End December 31, 2024, Payable on 23 May, 2025Siamese Asset Public Company Limited proposed cash dividend of THB 0.08 per share. Record date for the right to receive dividends 12 March, 2025. Ex-dividend date is 11 March, 2025, Payment date 23 May, 2025.
お知らせ • Feb 25Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time. Location: broadcast from the meeting room of siamese asset-, public company limited, no. 1077/48, phaholyothin road, phaya thai subdistrict, phaya thai district, bangkok Thailand
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: ฿0.083 (vs ฿0.005 loss in 3Q 2023)Third quarter 2024 results: EPS: ฿0.083 (up from ฿0.005 loss in 3Q 2023). Revenue: ฿1.11b (up 452% from 3Q 2023). Net income: ฿110.3m (up ฿116.6m from 3Q 2023). Profit margin: 10.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.05 (vs ฿0 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.05 (up from ฿0 in 2Q 2023). Revenue: ฿1.00b (up 210% from 2Q 2023). Net income: ฿68.7m (up ฿68.3m from 2Q 2023). Profit margin: 6.9% (up from 0.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Aug 10Siamese Asset Public Company Limited Approves Appointment of Panthep Asanitthong from Directorship Position to Independent DirectorSiamese Asset Public Company Limited at its meeting held on August 9, 2024 approved the appointment of Mr. Panthep Asanitthong from the Directorship position to become the Independent Director as Mr. Panthep Asanitthong has the qualifications as an independent director according to the Notification of Capital Market Supervisory Board TorJor. 39/2559, effective from August 13, 2024 onward. The Independent Director shall have the directorship term equivalent to the remaining directorship term of the Director only.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.08 (vs ฿0.043 in 1Q 2023)First quarter 2024 results: EPS: ฿0.08 (up from ฿0.043 in 1Q 2023). Revenue: ฿1.17b (up 310% from 1Q 2023). Net income: ฿109.7m (up 114% from 1Q 2023). Profit margin: 9.3% (down from 18% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 23Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024Siamese Asset Public Company Limited, Annual General Meeting, Apr 25, 2024, at 10:00 SE Asia Standard Time.
Upcoming Dividend • Mar 06Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (6.3%). Lower than average of industry peers (4.6%).
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in FY 2022)Full year 2023 results: EPS: ฿0.13. Revenue: ฿2.00b (down 1.8% from FY 2022). Net income: ฿193.1m (up 24% from FY 2022). Profit margin: 9.7% (up from 7.7% in FY 2022). The increase in margin was driven by lower expenses.
Declared Dividend • Feb 29Dividend of ฿0.05 announcedDividend of ฿0.05 is the same as last year. Ex-date: 13th March 2024 Payment date: 24th May 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.3%.
お知らせ • Feb 28Siamese Asset Public Company Limited Proposes Cash Dividend for the Year 2023, Payable on May 24, 2024Siamese Asset Public Company Limited informed that the Board of Directors' Meeting held on February 27, 2024, resolved to propose the Annual General Meeting of Shareholders for the year 2024 to be held on April 25, 2024 dividend payment in cash from net profit for the year 2023 at the rate of THB 0.05 per share. The date to determine the list of shareholders who are entitled to receive dividends will be on March 14, 2024 (Record Date), and the such payment will be made on May 24, 2024. Ex-dividend date is March 13, 2024.
お知らせ • Dec 26Siamese Asset Public Company Limited Announces Resignation of Pavarisa Damrongsuntisuk as Company SecretarySiamese Asset Public Company Limited announced that Miss Pavarisa Damrongsuntisuk has requested to resign from the position of Company Secretary, effective from December 26, 2023, onwards.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.005 (vs ฿0.009 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.005 (down from ฿0.009 in 2Q 2022). Revenue: ฿502.8m (up 43% from 2Q 2022). Net income: ฿8.56m (down 16% from 2Q 2022). Profit margin: 1.7% (down from 2.9% in 2Q 2022).
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ฿6.05, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 12x in the Real Estate industry in Thailand. Total loss to shareholders of 31% over the past year.
お知らせ • Jun 01Siamese Asset Public Company Limited Announces Executive ChangesSiamese Asset Public Company Limited announced the termination of Singsansern Kajonsit as Acting Chief Financial Officer, effective May 31, 2023. The company also announced the appointment of Aksornjirarat Leetita as CFO, effective June 1, 2023.
Reported Earnings • May 13First quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.019 in 1Q 2022)First quarter 2023 results: EPS: ฿0.043 (up from ฿0.019 in 1Q 2022). Revenue: ฿488.2m (up 43% from 1Q 2022). Net income: ฿53.7m (up 135% from 1Q 2022). Profit margin: 11% (up from 6.7% in 1Q 2022).
お知らせ • May 05Siamese Asset Public Company Limited Announces CFO ChangesSiamese Asset Public Company Limited announced changing of Chief Financial Officer. Position of CFO: Acting Chief Financial Officer. Name: Mr. Suphon Chongchintaraksa. Effective Date of Termination: 29 April 2023. Appoints Mr. Kajonsit Singsansern as the Acting Chief Financial Officer. Effective Date of Appointment is 02 May 2023.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿8.30, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total loss to shareholders of 30% over the past year.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.7%). Lower than average of industry peers (4.1%).
Upcoming Dividend • Feb 28Upcoming dividend of ฿0.05 per share at 0.7% yieldEligible shareholders must have bought the stock before 07 March 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Thai dividend payers (5.5%). Lower than average of industry peers (3.5%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: ฿0.066 (vs ฿0.029 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.066 (up from ฿0.029 in 3Q 2021). Revenue: ฿928.6m (up 81% from 3Q 2021). Net income: ฿78.7m (up 133% from 3Q 2021). Profit margin: 8.5% (up from 6.6% in 3Q 2021).
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.023 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.01 (down from ฿0.023 in 2Q 2021). Revenue: ฿587.7m (up 4.3% from 2Q 2021). Net income: ฿10.2m (down 63% from 2Q 2021). Profit margin: 1.7% (down from 4.8% in 2Q 2021). Over the next year, revenue is forecast to grow 180%, compared to a 18% growth forecast for the industry in Thailand.
Buying Opportunity • Aug 10Now 22% undervaluedOver the last 90 days, the stock is up 4.1%. The fair value is estimated to be ฿11.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.
Buying Opportunity • Jul 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be ฿11.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last year. Earnings per share has declined by 81%. Revenue is forecast to grow by 224% in 2 years. Earnings is forecast to grow by 713% in the next 2 years.
Reported Earnings • May 13First quarter 2022 earnings: EPS in line with expectations, revenues disappointFirst quarter 2022 results: EPS: ฿0.019 (down from ฿0.038 in 1Q 2021). Revenue: ฿472.1m (down 29% from 1Q 2021). Net income: ฿22.8m (down 49% from 1Q 2021). Profit margin: 4.8% (down from 6.8% in 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 162%, compared to a 18% growth forecast for the industry in Thailand.
Price Target Changed • Apr 27Price target increased to ฿18.00Up from ฿8.70, the current price target is provided by 1 analyst. New target price is 88% above last closing price of ฿9.55. Stock is up 35% over the past year. The company is forecast to post earnings per share of ฿0.64 for next year compared to ฿0.13 last year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Suthep Ruangpornwisuth was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 07Upcoming dividend of ฿0.049 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Thai dividend payers (5.2%). Lower than average of industry peers (3.1%).
Reported Earnings • Mar 02Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: ฿0.13 (down from ฿0.53 in FY 2020). Revenue: ฿2.44b (down 29% from FY 2020). Net income: ฿146.8m (down 73% from FY 2020). Profit margin: 6.0% (down from 16% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 101%, compared to a 17% growth forecast for the industry in Thailand.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to ฿13.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Real Estate industry in Thailand. Total returns to shareholders of 122% over the past year.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.029 (vs ฿0.19 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿552.7m (down 57% from 3Q 2020). Net income: ฿33.8m (down 82% from 3Q 2020). Profit margin: 6.1% (down from 15% in 3Q 2020).
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to ฿8.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Real Estate industry in Thailand.
Reported Earnings • Mar 01Full year 2020 earnings released: EPS ฿0.56 (vs ฿0.53 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: ฿3.42b (down 1.5% from FY 2019). Net income: ฿542.6m (up 8.0% from FY 2019). Profit margin: 16% (up from 14% in FY 2019).
Reported Earnings • Dec 28Third quarter 2020 earnings released: EPS ฿0.20The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿1.29b (up 168% from 3Q 2019). Net income: ฿191.4m (up ฿182.4m from 3Q 2019). Profit margin: 15% (up from 1.9% in 3Q 2019). The increase in margin was driven by higher revenue.