View Future GrowthAssetwise 과거 순이익 실적과거 기준 점검 5/6Assetwise은 연평균 4%의 비율로 수입이 증가해 온 반면, Real Estate 산업은 수입이 1.7% 감소했습니다. 매출은 연평균 17.3%의 비율로 증가했습니다. Assetwise의 자기자본이익률은 16.8%이고 순이익률은 12.8%입니다.핵심 정보4.03%순이익 성장률-0.57%주당순이익(EPS) 성장률Real Estate 산업 성장률8.35%매출 성장률17.25%자기자본이익률16.84%순이익률12.82%최근 순이익 업데이트30 Jun 2026최근 과거 실적 업데이트Reported Earnings • Aug 07Second quarter 2026 earnings released: EPS: ฿0.63 (vs ฿0.22 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.63 (up from ฿0.22 in 2Q 2025). Revenue: ฿3.51b (up 93% from 2Q 2025). Net income: ฿562.9m (up 184% from 2Q 2025). Profit margin: 16% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.Reported Earnings • May 13First quarter 2026 earnings released: EPS: ฿0.26 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.26 (up from ฿0.22 in 1Q 2025). Revenue: ฿2.15b (up 20% from 1Q 2025). Net income: ฿229.6m (up 14% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿1.20 (vs ฿1.62 in FY 2024)Full year 2025 results: EPS: ฿1.20 (down from ฿1.62 in FY 2024). Revenue: ฿9.42b (down 5.2% from FY 2024). Net income: ฿1.08b (down 26% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ฿0.32 (vs ฿0.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.32 (down from ฿0.50 in 3Q 2024). Revenue: ฿2.60b (down 17% from 3Q 2024). Net income: ฿289.5m (down 36% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. 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 7% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.66 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.22 (down from ฿0.66 in 2Q 2024). Revenue: ฿1.82b (down 37% from 2Q 2024). Net income: ฿198.5m (down 67% from 2Q 2024). Profit margin: 11% (down from 21% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.28 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (down from ฿0.28 in 1Q 2024). Revenue: ฿1.79b (up 2.5% from 1Q 2024). Net income: ฿201.4m (down 21% from 1Q 2024). Profit margin: 11% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updatesPrice Target Changed • 45mPrice target increased by 15% to ฿9.58Up from ฿8.32, the current price target is an average from 4 analysts. New target price is 21% above last closing price of ฿7.90. Stock is up 22% over the past year. The company is forecast to post earnings per share of ฿1.78 for next year compared to ฿1.20 last year.Reported Earnings • Aug 07Second quarter 2026 earnings released: EPS: ฿0.63 (vs ฿0.22 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.63 (up from ฿0.22 in 2Q 2025). Revenue: ฿3.51b (up 93% from 2Q 2025). Net income: ฿562.9m (up 184% from 2Q 2025). Profit margin: 16% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.Major Estimate Revision • Aug 01Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ฿12.5b to ฿13.1b. EPS estimate increased from ฿1.52 to ฿1.69 per share. Net income forecast to grow 48% next year vs 12% growth forecast for Real Estate industry in Thailand. Consensus price target down from ฿8.32 to ฿7.97. Share price was steady at ฿7.45 over the past week.Reported Earnings • May 13First quarter 2026 earnings released: EPS: ฿0.26 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.26 (up from ฿0.22 in 1Q 2025). Revenue: ฿2.15b (up 20% from 1Q 2025). Net income: ฿229.6m (up 14% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.Upcoming Dividend • Apr 23Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.7%).Buy Or Sell Opportunity • Mar 16Now 20% undervaluedOver the last 90 days, the stock has risen 26% to ฿7.50. The fair value is estimated to be ฿9.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿1.20 (vs ฿1.62 in FY 2024)Full year 2025 results: EPS: ฿1.20 (down from ฿1.62 in FY 2024). Revenue: ฿9.42b (down 5.2% from FY 2024). Net income: ฿1.08b (down 26% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.New Risk • Feb 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).공고 • Feb 20+ 1 more updateAssetwise Public Company Limited announces Annual dividend, payable on May 22, 2026Assetwise Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 22, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿6.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Thailand. Total loss to shareholders of 9.7% over the past three years.Price Target Changed • Nov 15Price target increased by 11% to ฿8.42Up from ฿7.62, the current price target is an average from 3 analysts. New target price is 39% above last closing price of ฿6.05. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿1.62 last year.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ฿0.32 (vs ฿0.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.32 (down from ฿0.50 in 3Q 2024). Revenue: ฿2.60b (down 17% from 3Q 2024). Net income: ฿289.5m (down 36% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. 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 7% per year, which means it is significantly lagging earnings.공고 • Aug 26Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897).Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025. Assetwise Public Company Limited (SET:ASW) completed the acquisition of 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025.Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.66 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.22 (down from ฿0.66 in 2Q 2024). Revenue: ฿1.82b (down 37% from 2Q 2024). Net income: ฿198.5m (down 67% from 2Q 2024). Profit margin: 11% (down from 21% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Major Estimate Revision • May 15Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ฿1.43 to ฿1.14. Revenue forecast unchanged from ฿9.32b at last update. Net income forecast to shrink 15% next year vs 4.9% growth forecast for Real Estate industry in Thailand . Consensus price target down from ฿8.55 to ฿7.10. Share price was steady at ฿6.85 over the past week.Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.28 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (down from ฿0.28 in 1Q 2024). Revenue: ฿1.79b (up 2.5% from 1Q 2024). Net income: ฿201.4m (down 21% from 1Q 2024). Profit margin: 11% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Price Target Changed • May 06Price target decreased by 14% to ฿7.85Down from ฿9.15, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿7.00. Stock is down 13% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.62 last year.공고 • Apr 24Assetwise Public Company Limited Approves Omission of Dividend Payment for the Period Ending on December 31, 2024Assetwise Public Company Limited at its AGM held on April 24, 2025, approved the omission of dividend payment for the Company's operating results of the accounting period ending on December 31, 2024.Reported Earnings • Feb 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.62 (up from ฿1.25 in FY 2023). Revenue: ฿9.94b (up 47% from FY 2023). Net income: ฿1.46b (up 33% from FY 2023). Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공고 • Feb 21+ 1 more updateAssetwise Public Company Limited Proposes Omission of Dividend Payment for the Year 2024Assetwise Public Company Limited proposed to approve the omitted dividend payment for the year 2024 due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth.Price Target Changed • Feb 15Price target decreased by 13% to ฿9.15Down from ฿10.55, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ฿7.50. Stock is down 10% over the past year. The company is forecast to post earnings per share of ฿1.46 for next year compared to ฿1.25 last year.New Risk • Nov 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Major Estimate Revision • Nov 02Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿8.61b to ฿9.49b. EPS estimate increased from ฿1.35 to ฿1.45 per share. Net income forecast to shrink 8.4% next year vs 1.9% growth forecast for Real Estate industry in Thailand . Consensus price target up from ฿9.65 to ฿10.55. Share price was steady at ฿8.05 over the past week.New Risk • Oct 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.66 (vs ฿0.18 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.66 (up from ฿0.18 in 2Q 2023). Revenue: ฿2.87b (up 130% from 2Q 2023). Net income: ฿593.1m (up 278% from 2Q 2023). Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.28 (down from ฿0.33 in 1Q 2023). Revenue: ฿1.75b (up 8.6% from 1Q 2023). Net income: ฿256.3m (down 9.4% from 1Q 2023). Profit margin: 15% (down from 18% in 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Apr 23Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (4.6%).Declared Dividend • Feb 26Dividend reduced to ฿0.25Dividend of ฿0.25 is 52% lower than last year. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (44% 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 137% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿1.25 (down from ฿1.31 in FY 2022). Revenue: ฿6.77b (up 24% from FY 2022). Net income: ฿1.09b (down 2.4% from FY 2022). Profit margin: 16% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Real Estate industry in Thailand.공고 • Feb 23+ 1 more updateAssetwise Public Company Limited Proposes Dividend for the Year 2023, Payable on May 21, 2024Assetwise Public Company Limited at its AGM to be held on April 23, 2024 approved to propose the dividend payment for the year 2023 at the rate of THB 0.25 per share or value not exceeding THB 224,780,279.75 by paying in cash which was made equivalent to 20.58% of the net profit recorded under the consolidated financial statements. The 2023 dividend payment is not complied by the Company's dividend payment policy due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth. The date for determining the list of shareholders who are entitled to receive dividends (Record Date) is May 2, 2024 and the dividend payment date is May 21, 2024.Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.22 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.19 (down from ฿0.22 in 3Q 2022). Revenue: ฿1.68b (up 90% from 3Q 2022). Net income: ฿168.4m (down 12% from 3Q 2022). Profit margin: 10.0% (down from 22% in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Real Estate industry in Thailand.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.32 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.18 (down from ฿0.32 in 2Q 2022). Revenue: ฿1.25b (down 22% from 2Q 2022). Net income: ฿156.8m (down 43% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Real Estate industry in Thailand.공고 • Jul 22Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million.Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million. Security Name: Ordinary shares Security Type: Common Stock Securities Offered: 43,000,000 Price\Range: THB 8.4New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (5.0% increase in shares outstanding).공고 • Jul 15Assetwise Public Company Limited announced that it has received THB 361.2 million in fundingOn July 13, 2023, Assetwise Public Company Limited closed the transaction.공고 • Jul 13+ 1 more updateAssetwise Public Company Limited announced that it expects to receive THB 361.2 million in fundingAssetwise Public Company Limited announced a private placement of not more than 43,000,000 common shares at an issue price of THB 8.40 per share for gross proceeds of not more than THB 361,200,000 on July 11, 2023. The transaction included participation from Dendanai Hutajuta for 43,000,000 common shares. The transaction was approved by the board of directors of the company. The transaction is expected to close on July 13, 2023.Upcoming Dividend • Apr 21Upcoming dividend of ฿0.52 per share at 6.0% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.0%).Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.18 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.22 (up from ฿0.18 in 3Q 2021). Revenue: ฿881.2m (down 22% from 3Q 2021). Net income: ฿191.0m (up 22% from 3Q 2021). Profit margin: 22% (up from 14% in 3Q 2021). The increase in margin was driven by lower expenses.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.32 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.32. Revenue: ฿1.61b (up 45% from 2Q 2021). Net income: ฿272.6m (up 5.7% from 2Q 2021). Profit margin: 17% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses.Reported Earnings • May 13First quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.51 in 1Q 2021)First quarter 2022 results: EPS: ฿0.26 (down from ฿0.51 in 1Q 2021). Revenue: ฿1.27b (up 8.2% from 1Q 2021). Net income: ฿225.9m (down 30% from 1Q 2021). Profit margin: 18% (down from 27% in 1Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Mar 03Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.21 (down from ฿1.40 in FY 2020). Revenue: ฿4.93b (up 17% from FY 2020). Net income: ฿951.4m (up 8.9% from FY 2020). Profit margin: 19% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.58 (vs ฿0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.17b (up 99% from 1Q 2020). Net income: ฿320.3m (up 330% from 1Q 2020). Profit margin: 27% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue.매출 및 비용 세부 내역Assetwise가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SET:ASW 매출, 비용 및 순이익 (THB Millions)날짜매출순이익일반관리비연구개발비30 Jun 2611,4701,4702,637031 Mar 269,7761,1062,284031 Dec 259,4191,0782,169030 Sep 258,3888462,122030 Jun 258,9331,0072,078031 Mar 259,9841,4022,098031 Dec 249,9411,4572,092030 Sep 2410,1331,7841,973030 Jun 248,7631,5021,841031 Mar 247,1591,0661,710031 Dec 237,1471,0921,619030 Sep 236,6561,0371,521030 Jun 235,7601,0601,366031 Mar 236,1031,1761,332031 Dec 225,4831,1191,245030 Sep 225,1219061,146030 Jun 225,3748721,054031 Mar 224,873857933031 Dec 214,928951882030 Sep 215,4441,298894030 Jun 214,9841,231862031 Mar 214,7871,120850031 Dec 204,205874808031 Mar 202,732372664031 Dec 192,625325640031 Dec 184,346408589031 Dec 17837-70319031 Dec 162,0081112740양질의 수익: ASW는 고품질 수익을 보유하고 있습니다.이익 마진 증가: ASW의 현재 순 이익률 (12.8%)은 지난해 (11.3%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: ASW의 수익은 지난 5년 동안 연평균 4% 증가했습니다.성장 가속화: 지난 1년간 ASW 의 수익 증가율(46%)은 연간 평균(4%)을 초과합니다.수익 대 산업: ASW의 지난 1년 수익 증가율(46%)은 Real Estate 업계의 -4.7%를 상회했습니다.자기자본이익률높은 ROE: ASW의 자본 수익률(16.8%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YReal-estate-management-and-development 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/15 20:40종가2026/08/14 00:00수익2026/06/30연간 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Assetwise Public Company Limited는 5명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Thanyatorn SongwuttiFSS International AdvisorySamanun PolsomboonchokKrungsri Securities Public Company LimitedAdisorn MuangparnchonPhillip Securities (Thailand) PCL2명의 분석가 더 보기
Reported Earnings • Aug 07Second quarter 2026 earnings released: EPS: ฿0.63 (vs ฿0.22 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.63 (up from ฿0.22 in 2Q 2025). Revenue: ฿3.51b (up 93% from 2Q 2025). Net income: ฿562.9m (up 184% from 2Q 2025). Profit margin: 16% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: ฿0.26 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.26 (up from ฿0.22 in 1Q 2025). Revenue: ฿2.15b (up 20% from 1Q 2025). Net income: ฿229.6m (up 14% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿1.20 (vs ฿1.62 in FY 2024)Full year 2025 results: EPS: ฿1.20 (down from ฿1.62 in FY 2024). Revenue: ฿9.42b (down 5.2% from FY 2024). Net income: ฿1.08b (down 26% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ฿0.32 (vs ฿0.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.32 (down from ฿0.50 in 3Q 2024). Revenue: ฿2.60b (down 17% from 3Q 2024). Net income: ฿289.5m (down 36% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. 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 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.66 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.22 (down from ฿0.66 in 2Q 2024). Revenue: ฿1.82b (down 37% from 2Q 2024). Net income: ฿198.5m (down 67% from 2Q 2024). Profit margin: 11% (down from 21% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.28 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (down from ฿0.28 in 1Q 2024). Revenue: ฿1.79b (up 2.5% from 1Q 2024). Net income: ฿201.4m (down 21% from 1Q 2024). Profit margin: 11% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • 45mPrice target increased by 15% to ฿9.58Up from ฿8.32, the current price target is an average from 4 analysts. New target price is 21% above last closing price of ฿7.90. Stock is up 22% over the past year. The company is forecast to post earnings per share of ฿1.78 for next year compared to ฿1.20 last year.
Reported Earnings • Aug 07Second quarter 2026 earnings released: EPS: ฿0.63 (vs ฿0.22 in 2Q 2025)Second quarter 2026 results: EPS: ฿0.63 (up from ฿0.22 in 2Q 2025). Revenue: ฿3.51b (up 93% from 2Q 2025). Net income: ฿562.9m (up 184% from 2Q 2025). Profit margin: 16% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.
Major Estimate Revision • Aug 01Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from ฿12.5b to ฿13.1b. EPS estimate increased from ฿1.52 to ฿1.69 per share. Net income forecast to grow 48% next year vs 12% growth forecast for Real Estate industry in Thailand. Consensus price target down from ฿8.32 to ฿7.97. Share price was steady at ฿7.45 over the past week.
Reported Earnings • May 13First quarter 2026 earnings released: EPS: ฿0.26 (vs ฿0.22 in 1Q 2025)First quarter 2026 results: EPS: ฿0.26 (up from ฿0.22 in 1Q 2025). Revenue: ฿2.15b (up 20% from 1Q 2025). Net income: ฿229.6m (up 14% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year.
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.50 per shareEligible shareholders must have bought the stock before 30 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.7%).
Buy Or Sell Opportunity • Mar 16Now 20% undervaluedOver the last 90 days, the stock has risen 26% to ฿7.50. The fair value is estimated to be ฿9.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 18% per annum over the same time period.
Reported Earnings • Feb 24Full year 2025 earnings released: EPS: ฿1.20 (vs ฿1.62 in FY 2024)Full year 2025 results: EPS: ฿1.20 (down from ฿1.62 in FY 2024). Revenue: ฿9.42b (down 5.2% from FY 2024). Net income: ฿1.08b (down 26% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year.
New Risk • Feb 22New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 7.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).
공고 • Feb 20+ 1 more updateAssetwise Public Company Limited announces Annual dividend, payable on May 22, 2026Assetwise Public Company Limited announced Annual dividend of THB 0.5000 per share payable on May 22, 2026, ex-date on April 30, 2026 and record date on May 05, 2026.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿6.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Thailand. Total loss to shareholders of 9.7% over the past three years.
Price Target Changed • Nov 15Price target increased by 11% to ฿8.42Up from ฿7.62, the current price target is an average from 3 analysts. New target price is 39% above last closing price of ฿6.05. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿1.17 for next year compared to ฿1.62 last year.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ฿0.32 (vs ฿0.50 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.32 (down from ฿0.50 in 3Q 2024). Revenue: ฿2.60b (down 17% from 3Q 2024). Net income: ฿289.5m (down 36% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Thailand. 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 7% per year, which means it is significantly lagging earnings.
공고 • Aug 26Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897).Assetwise Public Company Limited (SET:ASW) acquired 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025. Assetwise Public Company Limited (SET:ASW) completed the acquisition of 49% stake in Wise Estate 3 Co.,Ltd. from MIRARTH HOLDINGS,Inc. (TSE:8897) on August 25, 2025.
Reported Earnings • Aug 08Second quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.66 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.22 (down from ฿0.66 in 2Q 2024). Revenue: ฿1.82b (down 37% from 2Q 2024). Net income: ฿198.5m (down 67% from 2Q 2024). Profit margin: 11% (down from 21% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Major Estimate Revision • May 15Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from ฿1.43 to ฿1.14. Revenue forecast unchanged from ฿9.32b at last update. Net income forecast to shrink 15% next year vs 4.9% growth forecast for Real Estate industry in Thailand . Consensus price target down from ฿8.55 to ฿7.10. Share price was steady at ฿6.85 over the past week.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: ฿0.22 (vs ฿0.28 in 1Q 2024)First quarter 2025 results: EPS: ฿0.22 (down from ฿0.28 in 1Q 2024). Revenue: ฿1.79b (up 2.5% from 1Q 2024). Net income: ฿201.4m (down 21% from 1Q 2024). Profit margin: 11% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Price Target Changed • May 06Price target decreased by 14% to ฿7.85Down from ฿9.15, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ฿7.00. Stock is down 13% over the past year. The company is forecast to post earnings per share of ฿1.37 for next year compared to ฿1.62 last year.
공고 • Apr 24Assetwise Public Company Limited Approves Omission of Dividend Payment for the Period Ending on December 31, 2024Assetwise Public Company Limited at its AGM held on April 24, 2025, approved the omission of dividend payment for the Company's operating results of the accounting period ending on December 31, 2024.
Reported Earnings • Feb 22Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ฿1.62 (up from ฿1.25 in FY 2023). Revenue: ฿9.94b (up 47% from FY 2023). Net income: ฿1.46b (up 33% from FY 2023). Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공고 • Feb 21+ 1 more updateAssetwise Public Company Limited Proposes Omission of Dividend Payment for the Year 2024Assetwise Public Company Limited proposed to approve the omitted dividend payment for the year 2024 due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth.
Price Target Changed • Feb 15Price target decreased by 13% to ฿9.15Down from ฿10.55, the current price target is an average from 2 analysts. New target price is 22% above last closing price of ฿7.50. Stock is down 10% over the past year. The company is forecast to post earnings per share of ฿1.46 for next year compared to ฿1.25 last year.
New Risk • Nov 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Major Estimate Revision • Nov 02Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ฿8.61b to ฿9.49b. EPS estimate increased from ฿1.35 to ฿1.45 per share. Net income forecast to shrink 8.4% next year vs 1.9% growth forecast for Real Estate industry in Thailand . Consensus price target up from ฿9.65 to ฿10.55. Share price was steady at ฿8.05 over the past week.
New Risk • Oct 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Debt is not well covered by operating cash flow (7.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: ฿0.66 (vs ฿0.18 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.66 (up from ฿0.18 in 2Q 2023). Revenue: ฿2.87b (up 130% from 2Q 2023). Net income: ฿593.1m (up 278% from 2Q 2023). Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.33 in 1Q 2023)First quarter 2024 results: EPS: ฿0.28 (down from ฿0.33 in 1Q 2023). Revenue: ฿1.75b (up 8.6% from 1Q 2023). Net income: ฿256.3m (down 9.4% from 1Q 2023). Profit margin: 15% (down from 18% in 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Apr 23Upcoming dividend of ฿0.25 per shareEligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (4.6%).
Declared Dividend • Feb 26Dividend reduced to ฿0.25Dividend of ฿0.25 is 52% lower than last year. Ex-date: 30th April 2024 Payment date: 21st May 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (44% 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 137% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 24Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ฿1.25 (down from ฿1.31 in FY 2022). Revenue: ฿6.77b (up 24% from FY 2022). Net income: ฿1.09b (down 2.4% from FY 2022). Profit margin: 16% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Real Estate industry in Thailand.
공고 • Feb 23+ 1 more updateAssetwise Public Company Limited Proposes Dividend for the Year 2023, Payable on May 21, 2024Assetwise Public Company Limited at its AGM to be held on April 23, 2024 approved to propose the dividend payment for the year 2023 at the rate of THB 0.25 per share or value not exceeding THB 224,780,279.75 by paying in cash which was made equivalent to 20.58% of the net profit recorded under the consolidated financial statements. The 2023 dividend payment is not complied by the Company's dividend payment policy due to the Company intends to invest in future business expansion either in the main business or other business that can be synergy, expand and create strong business growth. The date for determining the list of shareholders who are entitled to receive dividends (Record Date) is May 2, 2024 and the dividend payment date is May 21, 2024.
Reported Earnings • Nov 10Third quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.22 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.19 (down from ฿0.22 in 3Q 2022). Revenue: ฿1.68b (up 90% from 3Q 2022). Net income: ฿168.4m (down 12% from 3Q 2022). Profit margin: 10.0% (down from 22% in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Real Estate industry in Thailand.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.32 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.18 (down from ฿0.32 in 2Q 2022). Revenue: ฿1.25b (down 22% from 2Q 2022). Net income: ฿156.8m (down 43% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Real Estate industry in Thailand.
공고 • Jul 22Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million.Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million. Security Name: Ordinary shares Security Type: Common Stock Securities Offered: 43,000,000 Price\Range: THB 8.4
New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (5.0% increase in shares outstanding).
공고 • Jul 15Assetwise Public Company Limited announced that it has received THB 361.2 million in fundingOn July 13, 2023, Assetwise Public Company Limited closed the transaction.
공고 • Jul 13+ 1 more updateAssetwise Public Company Limited announced that it expects to receive THB 361.2 million in fundingAssetwise Public Company Limited announced a private placement of not more than 43,000,000 common shares at an issue price of THB 8.40 per share for gross proceeds of not more than THB 361,200,000 on July 11, 2023. The transaction included participation from Dendanai Hutajuta for 43,000,000 common shares. The transaction was approved by the board of directors of the company. The transaction is expected to close on July 13, 2023.
Upcoming Dividend • Apr 21Upcoming dividend of ฿0.52 per share at 6.0% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.0%).
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.18 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.22 (up from ฿0.18 in 3Q 2021). Revenue: ฿881.2m (down 22% from 3Q 2021). Net income: ฿191.0m (up 22% from 3Q 2021). Profit margin: 22% (up from 14% in 3Q 2021). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.32 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.32. Revenue: ฿1.61b (up 45% from 2Q 2021). Net income: ฿272.6m (up 5.7% from 2Q 2021). Profit margin: 17% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.51 in 1Q 2021)First quarter 2022 results: EPS: ฿0.26 (down from ฿0.51 in 1Q 2021). Revenue: ฿1.27b (up 8.2% from 1Q 2021). Net income: ฿225.9m (down 30% from 1Q 2021). Profit margin: 18% (down from 27% in 1Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Mar 03Upcoming dividend of ฿0.40 per shareEligible shareholders must have bought the stock before 10 March 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿1.21 (down from ฿1.40 in FY 2020). Revenue: ฿4.93b (up 17% from FY 2020). Net income: ฿951.4m (up 8.9% from FY 2020). Profit margin: 19% (down from 21% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.58 (vs ฿0.13 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿1.17b (up 99% from 1Q 2020). Net income: ฿320.3m (up 330% from 1Q 2020). Profit margin: 27% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue.