View Financial HealthSena Development 配当と自社株買い配当金 基準チェック /56Sena Developmentは配当を支払う会社で、現在の利回りは7.77%ですが、利益によって十分にカバーされています。次の支払い日は 25th May, 2026で、権利落ち日は13th May, 2026 。主要情報7.8%配当利回り-14.7%バイバック利回り総株主利回り-7.0%将来の配当利回りn/a配当成長3.3%次回配当支払日25 May 26配当落ち日13 May 26一株当たり配当金n/a配当性向76%最近の配当と自社株買いの更新Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.お知らせ • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but 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 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).すべての更新を表示Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.035 (vs ฿0.077 in 1Q 2025)First quarter 2026 results: EPS: ฿0.035 (down from ฿0.077 in 1Q 2025). Revenue: ฿1.22b (down 1.2% from 1Q 2025). Net income: ฿50.6m (down 55% from 1Q 2025). Profit margin: 4.2% (down from 9.0% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year.Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.お知らせ • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.お知らせ • Feb 27Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.054 (vs ฿0.081 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.054 (down from ฿0.081 in 3Q 2024). Revenue: ฿1.17b (up 43% from 3Q 2024). Net income: ฿77.7m (down 33% from 3Q 2024). Profit margin: 6.7% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.069 (vs ฿0.052 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.069 (up from ฿0.052 in 2Q 2024). Revenue: ฿1.26b (up 104% from 2Q 2024). Net income: ฿98.8m (up 33% from 2Q 2024). Profit margin: 7.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.お知らせ • May 21Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million.Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million on May 20, 2025. A cash consideration of THB 70.43 million will be paid by Mitsubishi Corporation LT (Thailand) Company Limited. After the acquisition Sena Development Public Company Limited will hold 50.99% stake in Sena Metrobox, previously it held 99.99% stake. The transaction has been approved by board of Sena Development Public Company Limited.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.077 (vs ฿0.077 in 1Q 2024)First quarter 2025 results: EPS: ฿0.077 (in line with 1Q 2024). Revenue: ฿1.23b (up 66% from 1Q 2024). Net income: ฿111.4m (flat on 1Q 2024). Profit margin: 9.0% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but 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 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.28 (vs ฿0.28 in FY 2023)Full year 2024 results: EPS: ฿0.28 (down from ฿0.28 in FY 2023). Revenue: ฿3.33b (down 9.1% from FY 2023). Net income: ฿399.6m (down 1.7% from FY 2023). Profit margin: 12% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • Mar 03+ 1 more updateSena Development Public Company Limited, Annual General Meeting, Apr 25, 2025Sena Development Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time.Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to ฿2.14. The fair value is estimated to be ฿2.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 46%.New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.37b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.37b market cap, or US$99.8m).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.052 (vs ฿0.088 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.052 (down from ฿0.088 in 2Q 2023). Revenue: ฿620.7m (down 33% from 2Q 2023). Net income: ฿74.6m (down 41% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to ฿2.26. The fair value is estimated to be ฿2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 34%.New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿3.61b market cap, or US$99.3m).Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.077 (vs ฿0.06 in 1Q 2023)First quarter 2024 results: EPS: ฿0.077 (up from ฿0.06 in 1Q 2023). Revenue: ฿741.1m (down 17% from 1Q 2023). Net income: ฿110.9m (up 29% from 1Q 2023). Profit margin: 15% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).お知らせ • Apr 27+ 1 more updateSena Development Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024Sena Development Public Company Limited at its AGM held on April 26, 2024 Approved the allocation of net profit to the legal reserve and approve the payment of dividend deriving from the operating results for the year 2023. The performance of the accounting period from January 1, 2023 to December 31, 2023 totaling approximately 337,800,389 Baht or at the rate of 0.234214 Baht per share. The proposed dividend consists of profit derived from the Company's business promoted by the Board of Investment in the amount of approximately 7,831,540 Baht or equivalent to 0.005430 Baht per share and profit derived from the Company's business, not promoted by the Board of Investment in the amount of approximately 329,968,849 Baht or Baht 0.228784 per share. However, the company will deduct withholding tax for income from receiving dividends at the rate prescribed by law. The record date to determine names of shareholders who have the right to receive dividend payment will be on May 13, 2024 (Record Date) and the dividend payment date will be no later than May 24, 2024.お知らせ • Mar 15Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million.Sena Development Public Company Limited (SET:SENA) entered into agreement 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024. Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.28 (vs ฿0.63 in FY 2022)Full year 2023 results: EPS: ฿0.28 (down from ฿0.63 in FY 2022). Revenue: ฿3.66b (flat on FY 2022). Net income: ฿406.7m (down 55% from FY 2022). Profit margin: 11% (down from 25% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% 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.Declared Dividend • Feb 29Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 10th May 2024 Payment date: 24th May 2024 Dividend yield will be 8.7%, which is higher than the industry average of 4.3%.お知らせ • Feb 28+ 2 more updatesSena Development Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024The board of directors of SENA Development Public Company Limited meeting held on February 27, 2024, approved and proposed the 2024 Annual General Meeting of Shareholders to be held on April 26, 2024, to consider and approve the dividend payment for the period ended December 31, 2023 as follows. Approved the payment of dividends for the performance the accounting period January 1, 2023 to December 31, 2023 in the amount of approximately THB 337,800,389 or equivalent to THB 0.234214 in the proposed dividend payment consists of profit from the Company's operations which has been promoted by the Board of Investment (BOI) in the amount of approximately THB 7,831,540 or equivalent to THB 0.005430 per share and profit derived from the Company's business, not promoted by the Board of Investment (Non BOI) in the amount approximately THB 329,968,489 or THB 0.228784 per share. However, The company will deduct withholding tax on income from dividends at the rate required by law. To determine the record date for the right to receive the dividend (Record Date) on May 13, 2024 and to pay dividend on May 24, 2024.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.044 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.043 (down from ฿0.044 in 3Q 2022). Revenue: ฿837.0m (down 16% from 3Q 2022). Net income: ฿61.8m (down 3.6% from 3Q 2022). Profit margin: 7.4% (up from 6.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.New Risk • Oct 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.63b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿3.63b market cap, or US$99.5m).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.088 (vs ฿0.21 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.088 (down from ฿0.21 in 2Q 2022). Revenue: ฿922.1m (down 4.6% from 2Q 2022). Net income: ฿127.0m (down 58% from 2Q 2022). Profit margin: 14% (down from 31% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.06 (down from ฿0.23 in 1Q 2022). Revenue: ฿888.8m (up 76% from 1Q 2022). Net income: ฿86.3m (down 74% from 1Q 2022). Profit margin: 9.7% (down from 67% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Upcoming Dividend • May 04Upcoming dividend of ฿0.078 per share at 4.6% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (4.1%).Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.044 (vs ฿0.12 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.044 (down from ฿0.12 in 3Q 2021). Revenue: ฿995.9m (up 37% from 3Q 2021). Net income: ฿64.1m (down 62% from 3Q 2021). Profit margin: 6.4% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year.Board Change • Nov 16Insufficient 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. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.13 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 8.2%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.2%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.15 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.21 (up from ฿0.15 in 2Q 2021). Revenue: ฿966.2m (up 21% from 2Q 2021). Net income: ฿303.1m (up 39% from 2Q 2021). Profit margin: 31% (up from 27% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.16 in 1Q 2021)First quarter 2022 results: EPS: ฿0.23 (up from ฿0.16 in 1Q 2021). Revenue: ฿504.4m (down 41% from 1Q 2021). Net income: ฿336.3m (up 47% from 1Q 2021). Profit margin: 67% (up from 27% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 04Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).Board Change • Apr 27Insufficient 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. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿4.40, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total returns to shareholders of 60% over the past three years.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.87 (up from ฿0.79 in FY 2020). Revenue: ฿3.04b (down 26% from FY 2020). Net income: ฿1.25b (up 12% from FY 2020). Profit margin: 41% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.84, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 73% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.20 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿729.4m (down 24% from 3Q 2020). Net income: ฿166.4m (down 40% from 3Q 2020). Profit margin: 23% (down from 29% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Executive Departure • Aug 24Independent Director Pramote Chotmongkol has left the companyOn the 12th of August, Pramote Chotmongkol's tenure as Independent Director ended after 10.3 years in the role. We don't have any record of a personal shareholding under Pramote's name. Pramote is the only executive to leave the company over the last 12 months.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.16 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿798.3m (down 21% from 2Q 2020). Net income: ฿217.5m (down 5.0% from 2Q 2020). Profit margin: 27% (up from 23% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.16 in 1Q 2020)The company reported a mediocre first quarter result with weaker revenues, although earnings were flat and profit margins improved. First quarter 2021 results: Revenue: ฿859.5m (down 7.5% from 1Q 2020). Net income: ฿229.3m (flat on 1Q 2020). Profit margin: 27% (up from 25% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • May 04Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 21 May 2021. Trailing yield: 6.8%. Within top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (3.8%).Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 5.2% compared to a 10% growth forecast for the Real Estate industry in Thailand.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.79 (vs ฿0.63 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: ฿4.09b (down 21% from FY 2019). Net income: ฿1.12b (up 26% from FY 2019). Profit margin: 27% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Feb 25New 90-day high: ฿3.82The company is up 14% from its price of ฿3.36 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period.Is New 90 Day High Low • Dec 09New 90-day high: ฿3.44The company is up 26% from its price of ฿2.74 on 10 September 2020. The Thai market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period.Valuation Update With 7 Day Price Move • Nov 21Market bids up stock over the past weekAfter last week's 17% share price gain to ฿3.40, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 10x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 33%.Is New 90 Day High Low • Nov 16New 90-day high: ฿3.06The company is up 1.0% from its price of ฿3.02 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also up 1.0% over the same period.Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.20The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿960.1m (down 15% from 3Q 2019). Net income: ฿278.2m (up 148% from 3Q 2019). Profit margin: 29% (up from 10.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 19New 90-day low: ฿2.62The company is down 6.0% from its price of ฿2.78 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 10.0% 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: SENAの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: SENAの配当金は過去10年間にわたって増加しています。配当利回り対市場Sena Development 配当利回り対市場SENA 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 (SENA)7.8%市場下位25% (TH)3.4%市場トップ25% (TH)7.6%業界平均 (Real Estate)4.6%アナリスト予想 (SENA) (最長3年)n/a注目すべき配当: SENAの配当金 ( 7.77% ) はTH市場の配当金支払者の下位 25% ( 3.39% ) よりも高くなっています。高配当: SENAの配当金 ( 7.77% ) はTH市場 ( 7.59% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 現在の配当性向（ 75.9% ）では、 SENAの支払いは利益によってカバーされています。株主配当金キャッシュフローカバレッジ: SENAの 現金配当性向 ( 30.2% ) は比較的低く、配当金の支払いはキャッシュフローによって十分にカバーされています。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2026/05/22 11:24終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sena 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。1 アナリスト機関Padon VannaratYuanta Securities (Thailand) Company Limited
Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).
Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.
お知らせ • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.
Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).
Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but 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 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.
Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.035 (vs ฿0.077 in 1Q 2025)First quarter 2026 results: EPS: ฿0.035 (down from ฿0.077 in 1Q 2025). Revenue: ฿1.22b (down 1.2% from 1Q 2025). Net income: ฿50.6m (down 55% from 1Q 2025). Profit margin: 4.2% (down from 9.0% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year.
Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).
Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.
お知らせ • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.
お知らせ • Feb 27Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.054 (vs ฿0.081 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.054 (down from ฿0.081 in 3Q 2024). Revenue: ฿1.17b (up 43% from 3Q 2024). Net income: ฿77.7m (down 33% from 3Q 2024). Profit margin: 6.7% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.069 (vs ฿0.052 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.069 (up from ฿0.052 in 2Q 2024). Revenue: ฿1.26b (up 104% from 2Q 2024). Net income: ฿98.8m (up 33% from 2Q 2024). Profit margin: 7.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
お知らせ • May 21Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million.Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million on May 20, 2025. A cash consideration of THB 70.43 million will be paid by Mitsubishi Corporation LT (Thailand) Company Limited. After the acquisition Sena Development Public Company Limited will hold 50.99% stake in Sena Metrobox, previously it held 99.99% stake. The transaction has been approved by board of Sena Development Public Company Limited.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.077 (vs ฿0.077 in 1Q 2024)First quarter 2025 results: EPS: ฿0.077 (in line with 1Q 2024). Revenue: ฿1.23b (up 66% from 1Q 2024). Net income: ฿111.4m (flat on 1Q 2024). Profit margin: 9.0% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).
Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but 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 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.28 (vs ฿0.28 in FY 2023)Full year 2024 results: EPS: ฿0.28 (down from ฿0.28 in FY 2023). Revenue: ฿3.33b (down 9.1% from FY 2023). Net income: ฿399.6m (down 1.7% from FY 2023). Profit margin: 12% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 03+ 1 more updateSena Development Public Company Limited, Annual General Meeting, Apr 25, 2025Sena Development Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time.
Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to ฿2.14. The fair value is estimated to be ฿2.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 46%.
New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.37b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.37b market cap, or US$99.8m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.052 (vs ฿0.088 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.052 (down from ฿0.088 in 2Q 2023). Revenue: ฿620.7m (down 33% from 2Q 2023). Net income: ฿74.6m (down 41% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to ฿2.26. The fair value is estimated to be ฿2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 34%.
New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿3.61b market cap, or US$99.3m).
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.077 (vs ฿0.06 in 1Q 2023)First quarter 2024 results: EPS: ฿0.077 (up from ฿0.06 in 1Q 2023). Revenue: ฿741.1m (down 17% from 1Q 2023). Net income: ฿110.9m (up 29% from 1Q 2023). Profit margin: 15% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).
お知らせ • Apr 27+ 1 more updateSena Development Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024Sena Development Public Company Limited at its AGM held on April 26, 2024 Approved the allocation of net profit to the legal reserve and approve the payment of dividend deriving from the operating results for the year 2023. The performance of the accounting period from January 1, 2023 to December 31, 2023 totaling approximately 337,800,389 Baht or at the rate of 0.234214 Baht per share. The proposed dividend consists of profit derived from the Company's business promoted by the Board of Investment in the amount of approximately 7,831,540 Baht or equivalent to 0.005430 Baht per share and profit derived from the Company's business, not promoted by the Board of Investment in the amount of approximately 329,968,849 Baht or Baht 0.228784 per share. However, the company will deduct withholding tax for income from receiving dividends at the rate prescribed by law. The record date to determine names of shareholders who have the right to receive dividend payment will be on May 13, 2024 (Record Date) and the dividend payment date will be no later than May 24, 2024.
お知らせ • Mar 15Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million.Sena Development Public Company Limited (SET:SENA) entered into agreement 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024. Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.28 (vs ฿0.63 in FY 2022)Full year 2023 results: EPS: ฿0.28 (down from ฿0.63 in FY 2022). Revenue: ฿3.66b (flat on FY 2022). Net income: ฿406.7m (down 55% from FY 2022). Profit margin: 11% (down from 25% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% 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.
Declared Dividend • Feb 29Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 10th May 2024 Payment date: 24th May 2024 Dividend yield will be 8.7%, which is higher than the industry average of 4.3%.
お知らせ • Feb 28+ 2 more updatesSena Development Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024The board of directors of SENA Development Public Company Limited meeting held on February 27, 2024, approved and proposed the 2024 Annual General Meeting of Shareholders to be held on April 26, 2024, to consider and approve the dividend payment for the period ended December 31, 2023 as follows. Approved the payment of dividends for the performance the accounting period January 1, 2023 to December 31, 2023 in the amount of approximately THB 337,800,389 or equivalent to THB 0.234214 in the proposed dividend payment consists of profit from the Company's operations which has been promoted by the Board of Investment (BOI) in the amount of approximately THB 7,831,540 or equivalent to THB 0.005430 per share and profit derived from the Company's business, not promoted by the Board of Investment (Non BOI) in the amount approximately THB 329,968,489 or THB 0.228784 per share. However, The company will deduct withholding tax on income from dividends at the rate required by law. To determine the record date for the right to receive the dividend (Record Date) on May 13, 2024 and to pay dividend on May 24, 2024.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.044 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.043 (down from ฿0.044 in 3Q 2022). Revenue: ฿837.0m (down 16% from 3Q 2022). Net income: ฿61.8m (down 3.6% from 3Q 2022). Profit margin: 7.4% (up from 6.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
New Risk • Oct 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.63b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿3.63b market cap, or US$99.5m).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.088 (vs ฿0.21 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.088 (down from ฿0.21 in 2Q 2022). Revenue: ฿922.1m (down 4.6% from 2Q 2022). Net income: ฿127.0m (down 58% from 2Q 2022). Profit margin: 14% (down from 31% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.06 (down from ฿0.23 in 1Q 2022). Revenue: ฿888.8m (up 76% from 1Q 2022). Net income: ฿86.3m (down 74% from 1Q 2022). Profit margin: 9.7% (down from 67% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 04Upcoming dividend of ฿0.078 per share at 4.6% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (4.1%).
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.044 (vs ฿0.12 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.044 (down from ฿0.12 in 3Q 2021). Revenue: ฿995.9m (up 37% from 3Q 2021). Net income: ฿64.1m (down 62% from 3Q 2021). Profit margin: 6.4% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year.
Board Change • Nov 16Insufficient 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. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.13 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 8.2%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.2%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.15 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.21 (up from ฿0.15 in 2Q 2021). Revenue: ฿966.2m (up 21% from 2Q 2021). Net income: ฿303.1m (up 39% from 2Q 2021). Profit margin: 31% (up from 27% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.16 in 1Q 2021)First quarter 2022 results: EPS: ฿0.23 (up from ฿0.16 in 1Q 2021). Revenue: ฿504.4m (down 41% from 1Q 2021). Net income: ฿336.3m (up 47% from 1Q 2021). Profit margin: 67% (up from 27% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 04Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).
Board Change • Apr 27Insufficient 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. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿4.40, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total returns to shareholders of 60% over the past three years.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.87 (up from ฿0.79 in FY 2020). Revenue: ฿3.04b (down 26% from FY 2020). Net income: ฿1.25b (up 12% from FY 2020). Profit margin: 41% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.84, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 73% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.20 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿729.4m (down 24% from 3Q 2020). Net income: ฿166.4m (down 40% from 3Q 2020). Profit margin: 23% (down from 29% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Executive Departure • Aug 24Independent Director Pramote Chotmongkol has left the companyOn the 12th of August, Pramote Chotmongkol's tenure as Independent Director ended after 10.3 years in the role. We don't have any record of a personal shareholding under Pramote's name. Pramote is the only executive to leave the company over the last 12 months.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.16 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿798.3m (down 21% from 2Q 2020). Net income: ฿217.5m (down 5.0% from 2Q 2020). Profit margin: 27% (up from 23% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.16 in 1Q 2020)The company reported a mediocre first quarter result with weaker revenues, although earnings were flat and profit margins improved. First quarter 2021 results: Revenue: ฿859.5m (down 7.5% from 1Q 2020). Net income: ฿229.3m (flat on 1Q 2020). Profit margin: 27% (up from 25% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • May 04Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 21 May 2021. Trailing yield: 6.8%. Within top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (3.8%).
Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 5.2% compared to a 10% growth forecast for the Real Estate industry in Thailand.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.79 (vs ฿0.63 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: ฿4.09b (down 21% from FY 2019). Net income: ฿1.12b (up 26% from FY 2019). Profit margin: 27% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Feb 25New 90-day high: ฿3.82The company is up 14% from its price of ฿3.36 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Dec 09New 90-day high: ฿3.44The company is up 26% from its price of ฿2.74 on 10 September 2020. The Thai market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period.
Valuation Update With 7 Day Price Move • Nov 21Market bids up stock over the past weekAfter last week's 17% share price gain to ฿3.40, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 10x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 33%.
Is New 90 Day High Low • Nov 16New 90-day high: ฿3.06The company is up 1.0% from its price of ฿3.02 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also up 1.0% over the same period.
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.20The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿960.1m (down 15% from 3Q 2019). Net income: ฿278.2m (up 148% from 3Q 2019). Profit margin: 29% (up from 10.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 19New 90-day low: ฿2.62The company is down 6.0% from its price of ฿2.78 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 10.0% over the same period.