View Future GrowthNL Development 과거 순이익 실적과거 기준 점검 0/6NL Development 의 수입은 연평균 -56.6%의 비율로 감소해 온 반면, Construction 산업은 연평균 4.6%의 비율로 증가했습니다. 매출은 연평균 21.6%의 비율로 감소해 왔습니다.핵심 정보-56.57%순이익 성장률-57.71%주당순이익(EPS) 성장률Construction 산업 성장률-2.73%매출 성장률-21.62%자기자본이익률-3.29%순이익률-2.16%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 16First quarter 2026 earnings released: ฿0.01 loss per share (vs ฿0.011 profit in 1Q 2025)First quarter 2026 results: ฿0.01 loss per share (down from ฿0.011 profit in 1Q 2025). Revenue: ฿324.3m (up 4.4% from 1Q 2025). Net loss: ฿5.08m (down 189% from profit in 1Q 2025).Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.029 loss per share (vs ฿0.017 profit in FY 2024)Full year 2025 results: ฿0.029 loss per share (down from ฿0.017 profit in FY 2024). Revenue: ฿1.16b (down 10% from FY 2024). Net loss: ฿14.7m (down 282% from profit in FY 2024).Reported Earnings • Nov 12Third quarter 2025 earnings released: ฿0.016 loss per share (vs ฿0.004 profit in 3Q 2024)Third quarter 2025 results: ฿0.016 loss per share (down from ฿0.004 profit in 3Q 2024). Revenue: ฿295.6m (down 7.3% from 3Q 2024). Net loss: ฿8.02m (down ฿9.97m from profit in 3Q 2024).Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.039 loss per share (vs ฿0.011 profit in 2Q 2024)Second quarter 2025 results: ฿0.039 loss per share (down from ฿0.011 profit in 2Q 2024). Revenue: ฿188.0m (down 44% from 2Q 2024). Net loss: ฿19.6m (down 456% from profit in 2Q 2024).Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.011 (down from ฿0.12 in 2Q 2023). Revenue: ฿336.7m (down 48% from 2Q 2023). Net income: ฿5.50m (down 88% from 2Q 2023). Profit margin: 1.6% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue.모든 업데이트 보기Recent updatesReported Earnings • May 16First quarter 2026 earnings released: ฿0.01 loss per share (vs ฿0.011 profit in 1Q 2025)First quarter 2026 results: ฿0.01 loss per share (down from ฿0.011 profit in 1Q 2025). Revenue: ฿324.3m (up 4.4% from 1Q 2025). Net loss: ฿5.08m (down 189% from profit in 1Q 2025).Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.029 loss per share (vs ฿0.017 profit in FY 2024)Full year 2025 results: ฿0.029 loss per share (down from ฿0.017 profit in FY 2024). Revenue: ฿1.16b (down 10% from FY 2024). Net loss: ฿14.7m (down 282% from profit in FY 2024).공시 • Feb 26NL Development Public Company Limited, Annual General Meeting, Apr 27, 2026NL Development Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time. Location: bongkotcharat a room fl.2th ,royal river hotel, bangkok,219 soi charansanitwong 66/1, charansanitwong rd., bangplad , bangkok 10700 ThailandNew Risk • Jan 14New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿300.0m (US$9.53m) This is considered a major 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (฿300.0m market cap, or US$9.53m).Reported Earnings • Nov 12Third quarter 2025 earnings released: ฿0.016 loss per share (vs ฿0.004 profit in 3Q 2024)Third quarter 2025 results: ฿0.016 loss per share (down from ฿0.004 profit in 3Q 2024). Revenue: ฿295.6m (down 7.3% from 3Q 2024). Net loss: ฿8.02m (down ฿9.97m from profit in 3Q 2024).Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.039 loss per share (vs ฿0.011 profit in 2Q 2024)Second quarter 2025 results: ฿0.039 loss per share (down from ฿0.011 profit in 2Q 2024). Revenue: ฿188.0m (down 44% from 2Q 2024). Net loss: ฿19.6m (down 456% from profit in 2Q 2024).New Risk • May 27New major risk - Revenue and earnings growthEarnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 24x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 6.8% per year over the past 5 years. High level of non-cash earnings (168% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.07% net profit margin). Market cap is less than US$100m (฿445.0m market cap, or US$13.6m).Upcoming Dividend • Apr 29Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 22 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (3.0%).New Risk • Mar 05New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 240% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 240% Paying a dividend despite having no free cash flows. High level of non-cash earnings (63% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (฿455.0m market cap, or US$13.5m).Declared Dividend • Feb 27Dividend reduced to ฿0.04Dividend of ฿0.04 is 67% lower than last year. Ex-date: 6th May 2025 Payment date: 22nd May 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (39% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 57% to shift the payout ratio to a potentially unsustainable range, which is more than the 39% EPS decline seen over the last 5 years.공시 • Feb 26+ 1 more updateNl Development Public Company Limited Proposes Dividend Payment for the Period Ended 31-December-2024, Payable 22 May 2025Nl Development Public Company Limited proposed the shareholders' meeting to consider and approve the dividend payment from the Company's operating result and retained earnings at the rate of THB 0.04 per share for the Operating period from 01-January-2024 to 31-December-2024. The company fix the record date on 7 May 2025 and dividend payment is scheduled for 22 May 2025.New Risk • Nov 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 57% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (57% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (฿585.0m market cap, or US$16.8m).Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.011 (down from ฿0.12 in 2Q 2023). Revenue: ฿336.7m (down 48% from 2Q 2023). Net income: ฿5.50m (down 88% from 2Q 2023). Profit margin: 1.6% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.80, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 18x in the Construction industry in Thailand.Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿2.74, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 22x in the Construction industry in Thailand.Buy Or Sell Opportunity • Feb 29Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at ฿2.30. The fair value is estimated to be ฿3.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 35%.공시 • Feb 29Nl Development Public Company Limited Proposes Dividend for the Operating Period from January 1, 2023 to December 31, 2023, Payable on May 21, 2024Nl Development Public Company Limited proposed dividend of THB 0.12082 for the operating period from January 1, 2023 to December 31, 2023. Dividend payable on May 21, 2024, record date of May 8, 2024 and ex-dividend date of May 7, 2024.공시 • Feb 28Nl Development Public Company Limited, Annual General Meeting, Apr 24, 2024Nl Development Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Location: Phanumas Room, 10th Floor, The Royal River Hotel, No. 219. Soi Charansanitwong 66/1 Charansanitwong Road, Bang Phlad Bangkok Thailand Agenda: To consider and approve the Company's audited financial statements for the year ended December 31, 2023; to consider and approve the payment of dividend; to consider election of directors; and to consider any other matter thereof.Board Change • Feb 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.매출 및 비용 세부 내역NL Development가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:NL 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비31 Mar 261,176-25176031 Dec 251,163-15176030 Sep 251,073-34175030 Jun 251,096-24174031 Mar 251,2451176031 Dec 241,2948177030 Sep 241,48446178030 Jun 241,73181185031 Mar 242,043120187031 Dec 232,177130184030 Sep 232,190154185030 Jun 231,902148180031 Mar 231,46572180031 Dec 221,21958184031 Dec 211,38557163031 Dec 201,69151191031 Dec 191,970622080양질의 수익: NL 은(는) 현재 수익성이 없습니다.이익 마진 증가: NL는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: NL은 수익성이 없으며 지난 5년 동안 손실이 연평균 56.6% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 NL의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: NL은 수익성이 없어 지난 해 수익 성장률을 Construction 업계(53.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: NL는 현재 수익성이 없으므로 자본 수익률이 음수(-3.29%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 04:10종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스NL Development Public Company Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • May 16First quarter 2026 earnings released: ฿0.01 loss per share (vs ฿0.011 profit in 1Q 2025)First quarter 2026 results: ฿0.01 loss per share (down from ฿0.011 profit in 1Q 2025). Revenue: ฿324.3m (up 4.4% from 1Q 2025). Net loss: ฿5.08m (down 189% from profit in 1Q 2025).
Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.029 loss per share (vs ฿0.017 profit in FY 2024)Full year 2025 results: ฿0.029 loss per share (down from ฿0.017 profit in FY 2024). Revenue: ฿1.16b (down 10% from FY 2024). Net loss: ฿14.7m (down 282% from profit in FY 2024).
Reported Earnings • Nov 12Third quarter 2025 earnings released: ฿0.016 loss per share (vs ฿0.004 profit in 3Q 2024)Third quarter 2025 results: ฿0.016 loss per share (down from ฿0.004 profit in 3Q 2024). Revenue: ฿295.6m (down 7.3% from 3Q 2024). Net loss: ฿8.02m (down ฿9.97m from profit in 3Q 2024).
Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.039 loss per share (vs ฿0.011 profit in 2Q 2024)Second quarter 2025 results: ฿0.039 loss per share (down from ฿0.011 profit in 2Q 2024). Revenue: ฿188.0m (down 44% from 2Q 2024). Net loss: ฿19.6m (down 456% from profit in 2Q 2024).
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.011 (down from ฿0.12 in 2Q 2023). Revenue: ฿336.7m (down 48% from 2Q 2023). Net income: ฿5.50m (down 88% from 2Q 2023). Profit margin: 1.6% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue.
Reported Earnings • May 16First quarter 2026 earnings released: ฿0.01 loss per share (vs ฿0.011 profit in 1Q 2025)First quarter 2026 results: ฿0.01 loss per share (down from ฿0.011 profit in 1Q 2025). Revenue: ฿324.3m (up 4.4% from 1Q 2025). Net loss: ฿5.08m (down 189% from profit in 1Q 2025).
Reported Earnings • Mar 02Full year 2025 earnings released: ฿0.029 loss per share (vs ฿0.017 profit in FY 2024)Full year 2025 results: ฿0.029 loss per share (down from ฿0.017 profit in FY 2024). Revenue: ฿1.16b (down 10% from FY 2024). Net loss: ฿14.7m (down 282% from profit in FY 2024).
공시 • Feb 26NL Development Public Company Limited, Annual General Meeting, Apr 27, 2026NL Development Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time. Location: bongkotcharat a room fl.2th ,royal river hotel, bangkok,219 soi charansanitwong 66/1, charansanitwong rd., bangplad , bangkok 10700 Thailand
New Risk • Jan 14New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: ฿300.0m (US$9.53m) This is considered a major 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (฿300.0m market cap, or US$9.53m).
Reported Earnings • Nov 12Third quarter 2025 earnings released: ฿0.016 loss per share (vs ฿0.004 profit in 3Q 2024)Third quarter 2025 results: ฿0.016 loss per share (down from ฿0.004 profit in 3Q 2024). Revenue: ฿295.6m (down 7.3% from 3Q 2024). Net loss: ฿8.02m (down ฿9.97m from profit in 3Q 2024).
Reported Earnings • Aug 15Second quarter 2025 earnings released: ฿0.039 loss per share (vs ฿0.011 profit in 2Q 2024)Second quarter 2025 results: ฿0.039 loss per share (down from ฿0.011 profit in 2Q 2024). Revenue: ฿188.0m (down 44% from 2Q 2024). Net loss: ฿19.6m (down 456% from profit in 2Q 2024).
New Risk • May 27New major risk - Revenue and earnings growthEarnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 24x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 6.8% per year over the past 5 years. High level of non-cash earnings (168% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.07% net profit margin). Market cap is less than US$100m (฿445.0m market cap, or US$13.6m).
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.04 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 22 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (3.0%).
New Risk • Mar 05New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 240% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 240% Paying a dividend despite having no free cash flows. High level of non-cash earnings (63% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (฿455.0m market cap, or US$13.5m).
Declared Dividend • Feb 27Dividend reduced to ฿0.04Dividend of ฿0.04 is 67% lower than last year. Ex-date: 6th May 2025 Payment date: 22nd May 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (39% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 57% to shift the payout ratio to a potentially unsustainable range, which is more than the 39% EPS decline seen over the last 5 years.
공시 • Feb 26+ 1 more updateNl Development Public Company Limited Proposes Dividend Payment for the Period Ended 31-December-2024, Payable 22 May 2025Nl Development Public Company Limited proposed the shareholders' meeting to consider and approve the dividend payment from the Company's operating result and retained earnings at the rate of THB 0.04 per share for the Operating period from 01-January-2024 to 31-December-2024. The company fix the record date on 7 May 2025 and dividend payment is scheduled for 22 May 2025.
New Risk • Nov 22New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 57% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (57% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (฿585.0m market cap, or US$16.8m).
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: ฿0.011 (vs ฿0.12 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.011 (down from ฿0.12 in 2Q 2023). Revenue: ฿336.7m (down 48% from 2Q 2023). Net income: ฿5.50m (down 88% from 2Q 2023). Profit margin: 1.6% (down from 6.8% in 2Q 2023). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ฿1.80, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 18x in the Construction industry in Thailand.
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿2.74, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 22x in the Construction industry in Thailand.
Buy Or Sell Opportunity • Feb 29Now 24% undervaluedThe stock has been flat over the last 90 days, currently trading at ฿2.30. The fair value is estimated to be ฿3.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 35%.
공시 • Feb 29Nl Development Public Company Limited Proposes Dividend for the Operating Period from January 1, 2023 to December 31, 2023, Payable on May 21, 2024Nl Development Public Company Limited proposed dividend of THB 0.12082 for the operating period from January 1, 2023 to December 31, 2023. Dividend payable on May 21, 2024, record date of May 8, 2024 and ex-dividend date of May 7, 2024.
공시 • Feb 28Nl Development Public Company Limited, Annual General Meeting, Apr 24, 2024Nl Development Public Company Limited, Annual General Meeting, Apr 24, 2024, at 10:00 SE Asia Standard Time. Location: Phanumas Room, 10th Floor, The Royal River Hotel, No. 219. Soi Charansanitwong 66/1 Charansanitwong Road, Bang Phlad Bangkok Thailand Agenda: To consider and approve the Company's audited financial statements for the year ended December 31, 2023; to consider and approve the payment of dividend; to consider election of directors; and to consider any other matter thereof.
Board Change • Feb 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.