Villa Kunalai (KUN) 주식 개요빌라 쿠날라이 퍼블릭 컴퍼니 리미티드는 태국에서 부동산 개발 사업을 하고 있습니다. 자세히 보기KUN 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적1/6재무 건전성2/6배당0/6강점공정 가치 추정치보다 낮은 88.6% 에서 거래위험 분석이자 지급액이 수익으로 잘 충당되지 않음지난 5년간 매년 수익이 42.5% 감소했습니다.지난 3개월 동안 주가 변동성이 TH 시장과 비교했을 때 매우 높았습니다.이익 마진 (1.8%)이 지난해 (3.4%)보다 낮습니다.+ 위험 1건 추가모든 위험 점검 보기KUN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW477,689 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG477,689 investors already sharing narrativesYour Fair Value฿Current Price฿0.61306.7% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture01b2016201920222025202620282031Revenue ฿265.7mEarnings ฿4.8mAdvancedSet Fair ValueView all narrativesVilla Kunalai Public Company Limited 경쟁사SammakornSymbol: SET:SAMCOMarket cap: ฿564.8mPeace & LivingSymbol: SET:PEACEMarket cap: ฿751.0mChaoprayamahanakornSymbol: SET:CMCMarket cap: ฿485.0mSEN XSymbol: SET:SENXMarket cap: ฿879.3m가격 이력 및 성과Villa Kunalai 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가฿0.6152주 최고가฿0.9952주 최저가฿0.52베타0.0781개월 변동-1.61%3개월 변동-4.69%1년 변동-37.11%3년 변동-66.61%5년 변동-78.42%IPO 이후 변동-34.62%최근 뉴스 및 업데이트New Risk • Jun 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (฿508.0m market cap, or US$15.3m).Reported Earnings • May 14First quarter 2026 earnings released: ฿0.003 loss per share (vs ฿0.011 loss in 1Q 2025)First quarter 2026 results: ฿0.003 loss per share (improved from ฿0.011 loss in 1Q 2025). Revenue: ฿106.1m (up 33% from 1Q 2025). Net loss: ฿2.35m (loss narrowed 73% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.New Risk • Mar 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 37% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿598.2m market cap, or US$18.8m).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.004 (vs ฿0.038 in FY 2024)Full year 2025 results: EPS: ฿0.004 (down from ฿0.038 in FY 2024). Revenue: ฿514.0m (down 23% from FY 2024). Net income: ฿3.17m (down 89% from FY 2024). Profit margin: 0.6% (down from 4.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.공고 • Feb 26Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time.Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.012 profit in 3Q 2024)Third quarter 2025 results: ฿0.004 loss per share (down from ฿0.012 profit in 3Q 2024). Revenue: ฿130.5m (down 29% from 3Q 2024). Net loss: ฿3.23m (down 134% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.더 많은 업데이트 보기Recent updatesNew Risk • Jun 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (฿508.0m market cap, or US$15.3m).Reported Earnings • May 14First quarter 2026 earnings released: ฿0.003 loss per share (vs ฿0.011 loss in 1Q 2025)First quarter 2026 results: ฿0.003 loss per share (improved from ฿0.011 loss in 1Q 2025). Revenue: ฿106.1m (up 33% from 1Q 2025). Net loss: ฿2.35m (loss narrowed 73% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.New Risk • Mar 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 37% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿598.2m market cap, or US$18.8m).Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.004 (vs ฿0.038 in FY 2024)Full year 2025 results: EPS: ฿0.004 (down from ฿0.038 in FY 2024). Revenue: ฿514.0m (down 23% from FY 2024). Net income: ฿3.17m (down 89% from FY 2024). Profit margin: 0.6% (down from 4.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.공고 • Feb 26Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time.Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.012 profit in 3Q 2024)Third quarter 2025 results: ฿0.004 loss per share (down from ฿0.012 profit in 3Q 2024). Revenue: ฿130.5m (down 29% from 3Q 2024). Net loss: ฿3.23m (down 134% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.007 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.03 (up from ฿0.007 in 2Q 2024). Revenue: ฿196.3m (up 38% from 2Q 2024). Net income: ฿22.3m (up 311% from 2Q 2024). Profit margin: 11% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.New Risk • Jul 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (฿778.4m market cap, or US$24.0m).Reported Earnings • May 15First quarter 2025 earnings released: ฿0.011 loss per share (vs ฿0.001 profit in 1Q 2024)First quarter 2025 results: ฿0.011 loss per share (down from ฿0.001 profit in 1Q 2024). Revenue: ฿80.1m (down 47% from 1Q 2024). Net loss: ฿8.59m (down ฿9.67m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 29Upcoming dividend of ฿0.01 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (5.8%).공고 • Apr 21Villa Kunalai Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2024, Payable on 20 May 2025Villa Kunalai Public Company Limited at its AGM held on April 21, 2025 approved cash dividend of THB 0.01 per share for the year ended December 31, 2024. In this regard, the Company will schedule 7 May 2025 as the date to determine the names of the shareholders who are entitled to receive dividend (Record Date) and 20 May 2025 is scheduled as the date for dividend payment.공고 • Feb 27Villa Kunalai Public Company Limited, Annual General Meeting, Apr 21, 2025Villa Kunalai Public Company Limited, Annual General Meeting, Apr 21, 2025, at 15:00 SE Asia Standard Time. Location: in person at the adamas club, villa kunalai public company limited., ThailandReported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.04 (vs ฿0.07 in FY 2023)Full year 2024 results: EPS: ฿0.04 (down from ฿0.07 in FY 2023). Revenue: ฿663.1m (down 9.0% from FY 2023). Net income: ฿29.7m (down 41% from FY 2023). Profit margin: 4.5% (down from 7.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.공고 • Feb 26Villa Kunalai Public Company Limited Announces Dividend for Operating Period January 1, 2024 to December 31, 2024, Payable on May 20, 2025The board of directors of Villa Kunalai Public Company Limited meeting held on February 26, 2025, proposed to the shareholders' meeting to be held on April 21, 2025 to approve payment of cash dividend at a rate of THB 0.01 per share, totaling an amount not exceeding THB 7,878,697.64 for Operating Period January 1, 2024 to December 31, 2024. The ex-dividend date is May 6, 2025, record date to shareholder May 7, 2025 and payment date is May 20, 2025.New Risk • Nov 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 6.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.0% 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 (4.4% net profit margin). Market cap is less than US$100m (฿966.4m market cap, or US$28.0m).New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 2.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 2.6% 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 (฿1.05b market cap, or US$29.6m).Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.001 (vs ฿0.008 in 1Q 2023)First quarter 2024 results: EPS: ฿0.001 (down from ฿0.008 in 1Q 2023). Revenue: ฿149.7m (down 13% from 1Q 2023). Net income: ฿1.08m (down 79% from 1Q 2023). Profit margin: 0.7% (down from 3.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.공고 • Apr 26+ 1 more updateVilla Kunalai Public Company Limited Approves the Election of Suradech Prachubsrirat as New DirectorVilla Kunalai Public Company Limited at its AGM held on April 24, 2024, approved the election of the new director by appointing Mr. Suradech Prachubsrirat to be director of the Company and delegate to the Board of Directors and/or the person delegated by the Board of Directors to have authorized to register at the Department of the Business Development, Ministry of Commerce with the power to amend and adding the context in accordance with the registrar's order as the Chairman proposed.공고 • Feb 23Villa Kunalai Public Company Limited, Annual General Meeting, Apr 24, 2024Villa Kunalai Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and certify the minutes of the Extraordinary General Meeting of Shareholders No.1/2023; to consider and acknowledge the Company's operating results of the year 2023; to consider and approve the statement of financial position and the comprehensive income statement of as of 31 December 2023, audited by a certified auditor; to consider and approve the allocation of net profits as legal reserve and the omission of dividend for the Company's operating results as of 31 December 2023; to consider and approve the election of directors of the Company to replace those retiring by rotation; and to discuss other matters.Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿0.07 (vs ฿0.15 in FY 2022)Full year 2023 results: EPS: ฿0.07 (down from ฿0.15 in FY 2022). Revenue: ฿728.5m (down 27% from FY 2022). Net income: ฿50.7m (down 52% from FY 2022). Profit margin: 7.0% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공고 • Feb 22Villa Kunalai Public Company Limited Proposes Omission of Dividend Payment for the Year Ended 31 December 2023Villa Kunalai Public Company Limited at its board meeting held on 21 February 2024, approved to propose to the shareholders' meeting for consideration and approve the omission of dividend payment for the Company's operating results of the year ended 31 December 2023. The reason for the omission is that the Company already complied with its dividend policy where the Company shall pay at least 40% of its net profit by the time it paid the interim dividend at the rate of 61.25% of its net profit according to its separate financial statements. Moreover, the Company has assessed the risks in association with its business operation in terms of e.g. the fluctuation of the economy and the adjustments of interest rates. As a result, there is a need that the Company shall preserve the fund as its working capital and for the operations of various projects. In this regard, the Company has already paid the interim dividend at the rate of THB 0.035 per share to shareholder on 8 December 2023.Upcoming Dividend • Nov 15Upcoming dividend of ฿0.035 per share at 5.1% yieldEligible shareholders must have bought the stock before 22 November 2023. Payment date: 08 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (4.3%).Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.023 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.02 (down from ฿0.023 in 3Q 2022). Revenue: ฿157.7m (down 19% from 3Q 2022). Net income: ฿11.8m (down 27% from 3Q 2022). Profit margin: 7.5% (down from 8.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.공고 • Nov 11Villa Kunalai Public Company Limited Announces Cash Dividend for the Operating Period from 01 January 2023 to 30 September 2023, Payable on 08 December 2023Villa Kunalai Public Company Limited announced the cash dividend of THB 0.035 per share for the Operating period from 01 January 2023 to 30 September 2023. Record date for the right to receive dividends on 23 November 2023 and Ex-dividend date is on 22 November 2023. Payment date is on 08 December 2023.New Risk • Aug 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 94% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.3% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.7% net profit margin). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (฿1.41b market cap, or US$40.1m).Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.054 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.03 (down from ฿0.054 in 2Q 2022). Revenue: ฿224.4m (down 19% from 2Q 2022). Net income: ฿21.0m (down 44% from 2Q 2022). Profit margin: 9.4% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% 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 (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.0% net profit margin). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (฿1.59b market cap, or US$45.9m).공고 • Jun 08Villa Kunalai Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 131.691292 million.Villa Kunalai Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 131.691292 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 62,710,139 Price\Range: THB 2.1 Transaction Features: Rights OfferingUpcoming Dividend • Mar 02Upcoming dividend of ฿0.03 per share at 6.0% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (3.8%).Upcoming Dividend • Nov 10Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 17 November 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (3.1%).공고 • Nov 05Villa Kunalai Public Company Limited Declares Cash Dividend from Operating Period from 01 Jan. 2022 to 30 Sep. 2022, Payable on December 2, 2022Villa Kunalai Public Company Limited declares cash dividend of THB 0.05 for the Operating period from 01 Jan. 2022 to 30 Sep. 2022, payable on December 2, 2022. Record date for the right to receive dividends 18 Nov. 2022 and Ex-dividend date 17-Nov. 2022.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ฿0.02 (vs ฿0.061 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.02 (down from ฿0.061 in 3Q 2021). Revenue: ฿193.9m (down 22% from 3Q 2021). Net income: ฿16.1m (down 62% from 3Q 2021). Profit margin: 8.3% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.06 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.05 (down from ฿0.06 in 2Q 2021). Revenue: ฿277.1m (up 9.0% from 2Q 2021). Net income: ฿37.2m (down 9.6% from 2Q 2021). Profit margin: 13% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses.Reported Earnings • May 17First quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.04 in 1Q 2021)First quarter 2022 results: EPS: ฿0.06 (up from ฿0.04 in 1Q 2021). Revenue: ฿266.6m (up 41% from 1Q 2021). Net income: ฿38.6m (up 41% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021).Upcoming Dividend • Apr 28Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (3.1%).Board Change • Mar 29Insufficient 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. 6 experienced directors. No highly experienced directors. Director Pete Dheva-Aksorn was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.23 (up from ฿0.12 in FY 2020). Revenue: ฿991.6m (up 24% from FY 2020). Net income: ฿155.8m (up 84% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.23 (up from ฿0.12 in FY 2020). Revenue: ฿991.6m (up 24% from FY 2020). Net income: ฿155.8m (up 84% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.공고 • Feb 26+ 1 more updateVilla Kunalai Public Company Limited Approves to Propose Dividend for the Year Ended December 31, 2021, Payable on May 24, 2022Villa Kunalai Public Company Limited at its board meeting held on February 22, 2022 Approved to propose to the shareholders' meeting for consideration and approve the distribution of dividend for the Company's operating results of the year ended December 31, 2021, the payment shall be paid in cash at the rate of THB 0.08 per share, totaling not more than THB 54,910,000 (Since the interim dividend had been paid at the rate of THB 0.05 per share on September 10, 2021. The remaining dividend shall be proposed to present to the shareholders' meeting for the further acknowledgement of details about the interim dividend). In this regard, the determination date for the shareholder list entitled to receive the dividend (Record Date) will be scheduled on May 6, 2022 and the determination date for the distribution of dividend will be on May 24, 2022. However, all dividend is subject to withholding tax at the rate stipulated by law.공고 • Feb 01Villa Kunalai Public Company Limited Appoints Pete Dheva-Aksorn as DirectorVilla Kunalai Public Company Limited at its Board of Directors' Meeting held on January 26, 2022 approved the appointment of Mr. Pete Dheva-Aksorn as the Director of the Board to fill the existing vacancy effective February 1, 2022.Upcoming Dividend • Aug 20Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 10 September 2021. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (3.7%).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.06 (vs ฿0.023 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿256.4m (up 56% from 2Q 2020). Net income: ฿41.1m (up 159% from 2Q 2020). Profit margin: 16% (up from 9.7% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 12First quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.017 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿191.0m (up 18% from 1Q 2020). Net income: ฿27.4m (up 138% from 1Q 2020). Profit margin: 14% (up from 7.1% in 1Q 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • May 04Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 24 May 2021. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.8%).공고 • Apr 29Villa Kunalai Public Company Limited Approves Dividend, Payable on 24 May 2021Villa Kunalai Public Company Limited approved cash dividend at the rate of THB 0.06 per share in the amount of not exceeding THB 37,440,000. In this regard, 12 May 2021 is scheduled as the date to record the names of the shareholders who are entitled to dividend payments; the Company will post an XD Sign on 11 May 2021 and 24 May 2021 is scheduled as the date for dividend payments.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿2.58, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 223% over the past year.Executive Departure • Mar 24Non-Independent Director has left the companyOn the 19th of March, Patinya Dheva-Aksorn's tenure in the role of Non-Independent Director ended. As of December 2020, Patinya personally held 12.48m shares (฿11m worth at the time). Patinya is the only executive to leave the company over the last 12 months.Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.14 (vs ฿0.12 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿799.6m (up 23% from FY 2019). Net income: ฿84.7m (up 50% from FY 2019). Profit margin: 11% (up from 8.7% in FY 2019). The increase in margin was driven by higher revenue.공고 • Feb 25Villa Kunalai Public Company Limited, Annual General Meeting, Apr 28, 2021Villa Kunalai Public Company Limited, Annual General Meeting, Apr 28, 2021, at 14:00 SE Asia Standard Time. Agenda: To consider minutes of the previous AGM; to consider report of company's operational and financial result for the year 2020; to consider payment of dividend; to consider issuance of convertible debenture; to consider offering of warrants to purchase ordinary shares; to consider amendment of memorandum of association; and to consider other matters.Is New 90 Day High Low • Feb 22New 90-day high: ฿2.28The company is up 153% from its price of ฿0.90 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 55% share price gain to ฿2.12, the stock is trading at a trailing P/E ratio of 22.5x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 14x in the Real Estate industry in Thailand. Total returns to shareholders over the past year are 145%.Is New 90 Day High Low • Feb 02New 90-day high: ฿1.37The company is up 54% from its price of ฿0.89 on 04 November 2020. The Thai market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 21% over the same period.Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿1.05, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 9.5x. This compares to an average P/E of 13x in the Real Estate industry in Thailand. Total returns to shareholders over the past year are 18%.Is New 90 Day High Low • Jan 14New 90-day high: ฿0.97The company is up 7.0% from its price of ฿0.91 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 19% over the same period.Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.02The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿170.2m (up 9.2% from 3Q 2019). Net income: ฿14.7m (down 2.6% from 3Q 2019). Profit margin: 8.7% (down from 9.7% in 3Q 2019). The decrease in margin was driven by higher expenses.주주 수익률KUNTH Real EstateTH 시장7D-3.2%2.4%1.6%1Y-37.1%25.3%39.9%전체 주주 수익률 보기수익률 대 산업: KUN은 지난 1년 동안 25.3%의 수익을 기록한 TH Real Estate 산업보다 저조한 성과를 냈습니다.수익률 대 시장: KUN은 지난 1년 동안 39.9%를 기록한 TH 시장보다 저조한 성과를 냈습니다.주가 변동성Is KUN's price volatile compared to industry and market?KUN volatilityKUN Average Weekly Movement12.4%Real Estate Industry Average Movement4.4%Market Average Movement4.1%10% most volatile stocks in TH Market10.2%10% least volatile stocks in TH Market1.9%안정적인 주가: KUN의 주가는 지난 3개월 동안 TH 시장보다 변동성이 컸습니다.시간에 따른 변동성: KUN의 주간 변동성(12%)은 지난 1년 동안 안정적이었지만 TH 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트2007n/aKhuna Dheva-Aksornwww.kunalai.co.th빌라 쿠날라이 퍼블릭 컴퍼니 리미티드는 태국에서 부동산 개발 사업을 하고 있습니다. 이 회사는 2019년에 설립되었으며 태국 방부아통에 본사를 두고 있습니다.더 보기Villa Kunalai Public Company Limited 기초 지표 요약Villa Kunalai의 순이익과 매출은 시가총액과 어떻게 비교됩니까?KUN 기초 통계시가총액฿499.82m순이익 (TTM)฿9.85m매출 (TTM)฿540.05m50.8x주가수익비율(P/E)0.9x주가매출비율(P/S)KUN는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표KUN 손익계산서 (TTM)매출฿540.05m매출원가฿401.65m총이익฿138.41m기타 비용฿128.56m순이익฿9.85m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.012총이익률25.63%순이익률1.82%부채/자본 비율227.0%KUN의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당1.6%현재 배당 수익률32%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/22 03:02종가2026/07/22 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 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 소스Villa Kunalai 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.
New Risk • Jun 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (฿508.0m market cap, or US$15.3m).
Reported Earnings • May 14First quarter 2026 earnings released: ฿0.003 loss per share (vs ฿0.011 loss in 1Q 2025)First quarter 2026 results: ฿0.003 loss per share (improved from ฿0.011 loss in 1Q 2025). Revenue: ฿106.1m (up 33% from 1Q 2025). Net loss: ฿2.35m (loss narrowed 73% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.
New Risk • Mar 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 37% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿598.2m market cap, or US$18.8m).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.004 (vs ฿0.038 in FY 2024)Full year 2025 results: EPS: ฿0.004 (down from ฿0.038 in FY 2024). Revenue: ฿514.0m (down 23% from FY 2024). Net income: ฿3.17m (down 89% from FY 2024). Profit margin: 0.6% (down from 4.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
공고 • Feb 26Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time.
Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.012 profit in 3Q 2024)Third quarter 2025 results: ฿0.004 loss per share (down from ฿0.012 profit in 3Q 2024). Revenue: ฿130.5m (down 29% from 3Q 2024). Net loss: ฿3.23m (down 134% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
New Risk • Jun 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (฿508.0m market cap, or US$15.3m).
Reported Earnings • May 14First quarter 2026 earnings released: ฿0.003 loss per share (vs ฿0.011 loss in 1Q 2025)First quarter 2026 results: ฿0.003 loss per share (improved from ฿0.011 loss in 1Q 2025). Revenue: ฿106.1m (up 33% from 1Q 2025). Net loss: ฿2.35m (loss narrowed 73% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.
New Risk • Mar 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 37% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (฿598.2m market cap, or US$18.8m).
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: ฿0.004 (vs ฿0.038 in FY 2024)Full year 2025 results: EPS: ฿0.004 (down from ฿0.038 in FY 2024). Revenue: ฿514.0m (down 23% from FY 2024). Net income: ฿3.17m (down 89% from FY 2024). Profit margin: 0.6% (down from 4.5% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
공고 • Feb 26Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026Villa Kunalai Public Company Limited, Annual General Meeting, Apr 22, 2026, at 14:00 SE Asia Standard Time.
Reported Earnings • Nov 14Third quarter 2025 earnings released: ฿0.004 loss per share (vs ฿0.012 profit in 3Q 2024)Third quarter 2025 results: ฿0.004 loss per share (down from ฿0.012 profit in 3Q 2024). Revenue: ฿130.5m (down 29% from 3Q 2024). Net loss: ฿3.23m (down 134% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 14Second quarter 2025 earnings released: EPS: ฿0.03 (vs ฿0.007 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.03 (up from ฿0.007 in 2Q 2024). Revenue: ฿196.3m (up 38% from 2Q 2024). Net income: ฿22.3m (up 311% from 2Q 2024). Profit margin: 11% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
New Risk • Jul 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Thai stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (฿778.4m market cap, or US$24.0m).
Reported Earnings • May 15First quarter 2025 earnings released: ฿0.011 loss per share (vs ฿0.001 profit in 1Q 2024)First quarter 2025 results: ฿0.011 loss per share (down from ฿0.001 profit in 1Q 2024). Revenue: ฿80.1m (down 47% from 1Q 2024). Net loss: ฿8.59m (down ฿9.67m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 29Upcoming dividend of ฿0.01 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Thai dividend payers (7.9%). Lower than average of industry peers (5.8%).
공고 • Apr 21Villa Kunalai Public Company Limited Approves Cash Dividend for the Year Ended December 31, 2024, Payable on 20 May 2025Villa Kunalai Public Company Limited at its AGM held on April 21, 2025 approved cash dividend of THB 0.01 per share for the year ended December 31, 2024. In this regard, the Company will schedule 7 May 2025 as the date to determine the names of the shareholders who are entitled to receive dividend (Record Date) and 20 May 2025 is scheduled as the date for dividend payment.
공고 • Feb 27Villa Kunalai Public Company Limited, Annual General Meeting, Apr 21, 2025Villa Kunalai Public Company Limited, Annual General Meeting, Apr 21, 2025, at 15:00 SE Asia Standard Time. Location: in person at the adamas club, villa kunalai public company limited., Thailand
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: ฿0.04 (vs ฿0.07 in FY 2023)Full year 2024 results: EPS: ฿0.04 (down from ฿0.07 in FY 2023). Revenue: ฿663.1m (down 9.0% from FY 2023). Net income: ฿29.7m (down 41% from FY 2023). Profit margin: 4.5% (down from 7.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance.
공고 • Feb 26Villa Kunalai Public Company Limited Announces Dividend for Operating Period January 1, 2024 to December 31, 2024, Payable on May 20, 2025The board of directors of Villa Kunalai Public Company Limited meeting held on February 26, 2025, proposed to the shareholders' meeting to be held on April 21, 2025 to approve payment of cash dividend at a rate of THB 0.01 per share, totaling an amount not exceeding THB 7,878,697.64 for Operating Period January 1, 2024 to December 31, 2024. The ex-dividend date is May 6, 2025, record date to shareholder May 7, 2025 and payment date is May 20, 2025.
New Risk • Nov 20New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 6.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 6.0% 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 (4.4% net profit margin). Market cap is less than US$100m (฿966.4m market cap, or US$28.0m).
New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 2.6% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 2.6% 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 (฿1.05b market cap, or US$29.6m).
Reported Earnings • May 10First quarter 2024 earnings released: EPS: ฿0.001 (vs ฿0.008 in 1Q 2023)First quarter 2024 results: EPS: ฿0.001 (down from ฿0.008 in 1Q 2023). Revenue: ฿149.7m (down 13% from 1Q 2023). Net income: ฿1.08m (down 79% from 1Q 2023). Profit margin: 0.7% (down from 3.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
공고 • Apr 26+ 1 more updateVilla Kunalai Public Company Limited Approves the Election of Suradech Prachubsrirat as New DirectorVilla Kunalai Public Company Limited at its AGM held on April 24, 2024, approved the election of the new director by appointing Mr. Suradech Prachubsrirat to be director of the Company and delegate to the Board of Directors and/or the person delegated by the Board of Directors to have authorized to register at the Department of the Business Development, Ministry of Commerce with the power to amend and adding the context in accordance with the registrar's order as the Chairman proposed.
공고 • Feb 23Villa Kunalai Public Company Limited, Annual General Meeting, Apr 24, 2024Villa Kunalai Public Company Limited, Annual General Meeting, Apr 24, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and certify the minutes of the Extraordinary General Meeting of Shareholders No.1/2023; to consider and acknowledge the Company's operating results of the year 2023; to consider and approve the statement of financial position and the comprehensive income statement of as of 31 December 2023, audited by a certified auditor; to consider and approve the allocation of net profits as legal reserve and the omission of dividend for the Company's operating results as of 31 December 2023; to consider and approve the election of directors of the Company to replace those retiring by rotation; and to discuss other matters.
Reported Earnings • Feb 23Full year 2023 earnings released: EPS: ฿0.07 (vs ฿0.15 in FY 2022)Full year 2023 results: EPS: ฿0.07 (down from ฿0.15 in FY 2022). Revenue: ฿728.5m (down 27% from FY 2022). Net income: ฿50.7m (down 52% from FY 2022). Profit margin: 7.0% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공고 • Feb 22Villa Kunalai Public Company Limited Proposes Omission of Dividend Payment for the Year Ended 31 December 2023Villa Kunalai Public Company Limited at its board meeting held on 21 February 2024, approved to propose to the shareholders' meeting for consideration and approve the omission of dividend payment for the Company's operating results of the year ended 31 December 2023. The reason for the omission is that the Company already complied with its dividend policy where the Company shall pay at least 40% of its net profit by the time it paid the interim dividend at the rate of 61.25% of its net profit according to its separate financial statements. Moreover, the Company has assessed the risks in association with its business operation in terms of e.g. the fluctuation of the economy and the adjustments of interest rates. As a result, there is a need that the Company shall preserve the fund as its working capital and for the operations of various projects. In this regard, the Company has already paid the interim dividend at the rate of THB 0.035 per share to shareholder on 8 December 2023.
Upcoming Dividend • Nov 15Upcoming dividend of ฿0.035 per share at 5.1% yieldEligible shareholders must have bought the stock before 22 November 2023. Payment date: 08 December 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.1%. Lower than top quartile of Thai dividend payers (6.8%). Higher than average of industry peers (4.3%).
Reported Earnings • Nov 14Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.023 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.02 (down from ฿0.023 in 3Q 2022). Revenue: ฿157.7m (down 19% from 3Q 2022). Net income: ฿11.8m (down 27% from 3Q 2022). Profit margin: 7.5% (down from 8.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
공고 • Nov 11Villa Kunalai Public Company Limited Announces Cash Dividend for the Operating Period from 01 January 2023 to 30 September 2023, Payable on 08 December 2023Villa Kunalai Public Company Limited announced the cash dividend of THB 0.035 per share for the Operating period from 01 January 2023 to 30 September 2023. Record date for the right to receive dividends on 23 November 2023 and Ex-dividend date is on 22 November 2023. Payment date is on 08 December 2023.
New Risk • Aug 12New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 94% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.3% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.7% net profit margin). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (฿1.41b market cap, or US$40.1m).
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ฿0.03 (vs ฿0.054 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.03 (down from ฿0.054 in 2Q 2022). Revenue: ฿224.4m (down 19% from 2Q 2022). Net income: ฿21.0m (down 44% from 2Q 2022). Profit margin: 9.4% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% 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 (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.0% net profit margin). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (฿1.59b market cap, or US$45.9m).
공고 • Jun 08Villa Kunalai Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 131.691292 million.Villa Kunalai Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 131.691292 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 62,710,139 Price\Range: THB 2.1 Transaction Features: Rights Offering
Upcoming Dividend • Mar 02Upcoming dividend of ฿0.03 per share at 6.0% yieldEligible shareholders must have bought the stock before 09 March 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Thai dividend payers (5.7%). Higher than average of industry peers (3.8%).
Upcoming Dividend • Nov 10Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 17 November 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Thai dividend payers (5.5%). Higher than average of industry peers (3.1%).
공고 • Nov 05Villa Kunalai Public Company Limited Declares Cash Dividend from Operating Period from 01 Jan. 2022 to 30 Sep. 2022, Payable on December 2, 2022Villa Kunalai Public Company Limited declares cash dividend of THB 0.05 for the Operating period from 01 Jan. 2022 to 30 Sep. 2022, payable on December 2, 2022. Record date for the right to receive dividends 18 Nov. 2022 and Ex-dividend date 17-Nov. 2022.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ฿0.02 (vs ฿0.061 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.02 (down from ฿0.061 in 3Q 2021). Revenue: ฿193.9m (down 22% from 3Q 2021). Net income: ฿16.1m (down 62% from 3Q 2021). Profit margin: 8.3% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.05 (vs ฿0.06 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.05 (down from ฿0.06 in 2Q 2021). Revenue: ฿277.1m (up 9.0% from 2Q 2021). Net income: ฿37.2m (down 9.6% from 2Q 2021). Profit margin: 13% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses.
Reported Earnings • May 17First quarter 2022 earnings released: EPS: ฿0.06 (vs ฿0.04 in 1Q 2021)First quarter 2022 results: EPS: ฿0.06 (up from ฿0.04 in 1Q 2021). Revenue: ฿266.6m (up 41% from 1Q 2021). Net income: ฿38.6m (up 41% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021).
Upcoming Dividend • Apr 28Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 05 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of Thai dividend payers (5.1%). Higher than average of industry peers (3.1%).
Board Change • Mar 29Insufficient 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. 6 experienced directors. No highly experienced directors. Director Pete Dheva-Aksorn was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.23 (up from ฿0.12 in FY 2020). Revenue: ฿991.6m (up 24% from FY 2020). Net income: ฿155.8m (up 84% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.23 (up from ฿0.12 in FY 2020). Revenue: ฿991.6m (up 24% from FY 2020). Net income: ฿155.8m (up 84% from FY 2020). Profit margin: 16% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
공고 • Feb 26+ 1 more updateVilla Kunalai Public Company Limited Approves to Propose Dividend for the Year Ended December 31, 2021, Payable on May 24, 2022Villa Kunalai Public Company Limited at its board meeting held on February 22, 2022 Approved to propose to the shareholders' meeting for consideration and approve the distribution of dividend for the Company's operating results of the year ended December 31, 2021, the payment shall be paid in cash at the rate of THB 0.08 per share, totaling not more than THB 54,910,000 (Since the interim dividend had been paid at the rate of THB 0.05 per share on September 10, 2021. The remaining dividend shall be proposed to present to the shareholders' meeting for the further acknowledgement of details about the interim dividend). In this regard, the determination date for the shareholder list entitled to receive the dividend (Record Date) will be scheduled on May 6, 2022 and the determination date for the distribution of dividend will be on May 24, 2022. However, all dividend is subject to withholding tax at the rate stipulated by law.
공고 • Feb 01Villa Kunalai Public Company Limited Appoints Pete Dheva-Aksorn as DirectorVilla Kunalai Public Company Limited at its Board of Directors' Meeting held on January 26, 2022 approved the appointment of Mr. Pete Dheva-Aksorn as the Director of the Board to fill the existing vacancy effective February 1, 2022.
Upcoming Dividend • Aug 20Upcoming dividend of ฿0.05 per shareEligible shareholders must have bought the stock before 27 August 2021. Payment date: 10 September 2021. Trailing yield: 3.1%. Lower than top quartile of Thai dividend payers (5.0%). Lower than average of industry peers (3.7%).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.06 (vs ฿0.023 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ฿256.4m (up 56% from 2Q 2020). Net income: ฿41.1m (up 159% from 2Q 2020). Profit margin: 16% (up from 9.7% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 12First quarter 2021 earnings released: EPS ฿0.04 (vs ฿0.017 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿191.0m (up 18% from 1Q 2020). Net income: ฿27.4m (up 138% from 1Q 2020). Profit margin: 14% (up from 7.1% in 1Q 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • May 04Upcoming dividend of ฿0.03 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 24 May 2021. Trailing yield: 2.0%. Lower than top quartile of Thai dividend payers (4.8%). Lower than average of industry peers (3.8%).
공고 • Apr 29Villa Kunalai Public Company Limited Approves Dividend, Payable on 24 May 2021Villa Kunalai Public Company Limited approved cash dividend at the rate of THB 0.06 per share in the amount of not exceeding THB 37,440,000. In this regard, 12 May 2021 is scheduled as the date to record the names of the shareholders who are entitled to dividend payments; the Company will post an XD Sign on 11 May 2021 and 24 May 2021 is scheduled as the date for dividend payments.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿2.58, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 223% over the past year.
Executive Departure • Mar 24Non-Independent Director has left the companyOn the 19th of March, Patinya Dheva-Aksorn's tenure in the role of Non-Independent Director ended. As of December 2020, Patinya personally held 12.48m shares (฿11m worth at the time). Patinya is the only executive to leave the company over the last 12 months.
Reported Earnings • Feb 25Full year 2020 earnings released: EPS ฿0.14 (vs ฿0.12 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ฿799.6m (up 23% from FY 2019). Net income: ฿84.7m (up 50% from FY 2019). Profit margin: 11% (up from 8.7% in FY 2019). The increase in margin was driven by higher revenue.
공고 • Feb 25Villa Kunalai Public Company Limited, Annual General Meeting, Apr 28, 2021Villa Kunalai Public Company Limited, Annual General Meeting, Apr 28, 2021, at 14:00 SE Asia Standard Time. Agenda: To consider minutes of the previous AGM; to consider report of company's operational and financial result for the year 2020; to consider payment of dividend; to consider issuance of convertible debenture; to consider offering of warrants to purchase ordinary shares; to consider amendment of memorandum of association; and to consider other matters.
Is New 90 Day High Low • Feb 22New 90-day high: ฿2.28The company is up 153% from its price of ฿0.90 on 24 November 2020. The Thai market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 55% share price gain to ฿2.12, the stock is trading at a trailing P/E ratio of 22.5x, up from the previous P/E ratio of 14.5x. This compares to an average P/E of 14x in the Real Estate industry in Thailand. Total returns to shareholders over the past year are 145%.
Is New 90 Day High Low • Feb 02New 90-day high: ฿1.37The company is up 54% from its price of ฿0.89 on 04 November 2020. The Thai market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 21% over the same period.
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to ฿1.05, the stock is trading at a trailing P/E ratio of 11.1x, up from the previous P/E ratio of 9.5x. This compares to an average P/E of 13x in the Real Estate industry in Thailand. Total returns to shareholders over the past year are 18%.
Is New 90 Day High Low • Jan 14New 90-day high: ฿0.97The company is up 7.0% from its price of ฿0.91 on 16 October 2020. The Thai market is up 25% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 19% over the same period.
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS ฿0.02The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ฿170.2m (up 9.2% from 3Q 2019). Net income: ฿14.7m (down 2.6% from 3Q 2019). Profit margin: 8.7% (down from 9.7% in 3Q 2019). The decrease in margin was driven by higher expenses.
