View ValuationSC Asset Corporation 향후 성장Future 기준 점검 1/6SC Asset (는) 각각 연간 6.5% 및 1.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 6.7% 로 예상됩니다.핵심 정보6.5%이익 성장률6.98%EPS 성장률Real Estate 이익 성장6.6%매출 성장률1.4%향후 자기자본이익률6.73%애널리스트 커버리지Good마지막 업데이트18 May 2026최근 향후 성장 업데이트Price Target Changed • May 24Price target decreased by 8.1% to ฿2.35Down from ฿2.56, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿1.76. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.40 last year.Price Target Changed • May 13Price target decreased by 8.7% to ฿2.56Down from ฿2.80, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ฿2.14. Stock is down 38% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.Price Target Changed • May 02Price target decreased by 7.7% to ฿2.75Down from ฿2.98, the current price target is an average from 8 analysts. New target price is 25% above last closing price of ฿2.20. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.Price Target Changed • Feb 14Price target decreased by 7.1% to ฿2.98Down from ฿3.21, the current price target is an average from 8 analysts. New target price is 18% above last closing price of ฿2.52. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.58 last year.Price Target Changed • Aug 28Price target decreased by 7.6% to ฿3.08Down from ฿3.33, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ฿2.72. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.47 for next year compared to ฿0.58 last year.Price Target Changed • Aug 05Price target decreased by 11% to ฿3.33Down from ฿3.73, the current price target is an average from 7 analysts. New target price is 40% above last closing price of ฿2.38. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.50 for next year compared to ฿0.58 last year.모든 업데이트 보기Recent updatesReported Earnings • May 19First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: ฿0.028 (up from ฿0.026 in 1Q 2025). Revenue: ฿3.25b (up 22% from 1Q 2025). Net income: ฿120.4m (up 7.2% from 1Q 2025). Profit margin: 3.7% (down from 4.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 25% per year.Upcoming Dividend • Apr 30Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.8%).Declared Dividend • Feb 28Final dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 7th May 2026 Payment date: 26th May 2026 Dividend yield will be 7.4%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 28+ 3 more updatesSC Asset Corporation Public Company Limited to Report Q3, 2026 Results on Nov 12, 2026SC Asset Corporation Public Company Limited announced that they will report Q3, 2026 results on Nov 12, 2026Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.36 (vs ฿0.40 in FY 2024)Full year 2025 results: EPS: ฿0.36 (down from ฿0.40 in FY 2024). Revenue: ฿20.2b (flat on FY 2024). Net income: ฿1.53b (down 10% from FY 2024). Profit margin: 7.6% (down from 8.4% in FY 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year.공시 • Feb 26SC Asset Corporation Public Company Limited Proposes Dividend for the Year Ended December 31, 2025, Payable on May 26, 2026SC Asset Corporation Public Company Limited at its AGM to be held on April 28, 2026 proposed the total dividend payment for the year ended December 31, 2025, which is paid from the profit of the operating results. The total dividend payment for the year 2025 is equivalent to THB 0.15 per share, representing 48.98% of the net profit from operations, which is in accordance with the dividend payment policy set by the Company. The Board of Directors' Meeting No. 5/2025 held on August 13, 2025 resolved to pay interim dividends at the rate of THB 0.05 per share, total amount THB 213,863,119.75 and will propose to the Annual General Meeting of Shareholders to approve additional dividend payment for the year 2025 at the rate of THB 0.10 per share, totaling approximately THB 427,726,339.50. The Record Date to determine the shareholders who are eligible to receive dividend is on May 8, 2026, and dividend payment date will be on May 26, 2026.공시 • Feb 25SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 28, 2026SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time.Board Change • Feb 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. Head of Compliance, Chief Legal Officer & Director Somboon Kuptimanus was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.091 (vs ฿0.12 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.091 (down from ฿0.12 in 3Q 2024). Revenue: ฿5.13b (down 12% from 3Q 2024). Net income: ฿389.8m (down 23% from 3Q 2024). Profit margin: 7.6% (down from 8.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.공시 • Oct 28Tokyo Tatemono (Thailand) Ltd acquired 40% stake in SC CD4 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for approximately THB 100 million.Tokyo Tatemono (Thailand) Ltd acquired 40% stake in SC CD4 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for approximately THB 100 million on October 27, 2025. SC CD4 Company Limited has a total of 20,000,000 shares outstanding. Following the transaction, SC Asset retains 11,999,998 shares, representing a 60% stake, while Tokyo Tatemono holds 8,000,000 shares, representing a 40% stake. The remaining 2 shares are held by Namtip Promchua and Rachod Nantakwng, each holding 1 share. Tokyo Tatemono (Thailand) Ltd completed the acquisition of 40% stake in SC CD4 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for approximately THB 100 million on October 27, 2025.공시 • Oct 03Paetongtarn Shinawatra acquired 28.43% stake in SC Asset Corporation Public Company Limited (SET:SC) from Kiatnakin Phatra Asset Management Company Limited and Land and Houses Fund Management Company Ltd.Paetongtarn Shinawatra acquired 28.43% stake in SC Asset Corporation Public Company Limited (SET:SC) from Kiatnakin Phatra Asset Management Company Limited and Land and Houses Fund Management Company Ltd. on October 1, 2025. Paetongtarn Shinawatra completed the acquisition of 28.43% stake in SC Asset Corporation Public Company Limited (SET:SC) from Kiatnakin Phatra Asset Management Company Limited and Land and Houses Fund Management Company Ltd. on October 1, 2025.공시 • Sep 16Tokyo Tatemono (Thailand) Ltd acquired 49% stake in SC CD5 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 12.4 million.Tokyo Tatemono (Thailand) Ltd acquired 49% stake in SC CD5 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 12.4 million on September 15, 2025. A cash consideration of THB 12.45 million will be paid by Tokyo Tatemono (Thailand) Ltd. As part of consideration, THB 12.45 million is paid towards common equity of SC CD5 Company Limited. Tokyo Tatemono (Thailand) Ltd completed the acquisition of 49% stake in SC CD5 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) on September 15, 2025.Declared Dividend • Aug 15First half dividend of ฿0.05 announcedShareholders will receive a dividend of ฿0.05. Ex-date: 27th August 2025 Payment date: 9th September 2025 Dividend yield will be 8.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 49% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Aug 14Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.098 (down from ฿0.12 in 2Q 2024). Revenue: ฿5.22b (up 13% from 2Q 2024). Net income: ฿418.8m (down 21% from 2Q 2024). Profit margin: 8.0% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.3% 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 but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.76, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Real Estate industry in Thailand. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.24 per share.New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 0.2% 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 (0.6% operating cash flow to total debt). Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share).Valuation Update With 7 Day Price Move • May 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.63, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Real Estate industry in Thailand. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.04 per share.Price Target Changed • May 24Price target decreased by 8.1% to ฿2.35Down from ฿2.56, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿1.76. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.40 last year.Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: ฿0.026 (down from ฿0.043 in 1Q 2024). Revenue: ฿2.67b (down 33% from 1Q 2024). Net income: ฿112.2m (down 39% from 1Q 2024). Profit margin: 4.2% (down from 4.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Price Target Changed • May 13Price target decreased by 8.7% to ฿2.56Down from ฿2.80, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ฿2.14. Stock is down 38% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.Price Target Changed • May 02Price target decreased by 7.7% to ฿2.75Down from ฿2.98, the current price target is an average from 8 analysts. New target price is 25% above last closing price of ฿2.20. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.Upcoming Dividend • Apr 25Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 02 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (5.8%).공시 • Apr 24SC Asset Corporation Public Company Limited Approves Dividend for the Year 2024, Payable on May 20, 2025SC Asset Corporation Public Company Limited at its AGM held on April 24, 2025, approved total dividend payment for the year 2024 of THB 0.16 per share or equivalent to 43.08% of the net operating profit in accordance with the Dividend Payment Policy of the Company that the Company will pay the dividend to the shareholders not less than 40% of net profits after deduction of income tax for each year. The Board of Directors' Meeting No.5/2024 held on August 13, 2024, has already approved the interim dividend payment for the year 2024 at the rate THB 0.05 per share. The Annual General Meeting of Shareholders for the year 2025 approved the dividend payment for the operating results for the year 2024 in addition is the rate THB 0.11 per share. The Company will set the Record Date for the shareholders, who are entitled to receive the dividend, on May 6, 2025. The dividend payment date will be on May 20, 2025.Declared Dividend • Feb 21Final dividend reduced to ฿0.11Dividend of ฿0.11 is 31% lower than last year. Ex-date: 2nd May 2025 Payment date: 20th May 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (dividend approximately 23x free cash flows). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 20SC Asset Corporation Public Company Limited Proposes Interim Dividend for Operating Period from July 1, 2024 to December 31, 2024, Payable on May 20, 2025SC Asset Corporation Public Company Limited proposed interim dividend for operating period from July 1, 2024 to December 31, 2024, payable on May 20, 2025. For the period, the company reported dividend of THB 0.11 per share. The Record Date to determine the shareholders who are eligible to receive dividend is on May 6, 2025. This agenda shall be proposed to the 2025 Annual General Meeting of Shareholders for approval. Ex-dividend date is 02 May 2025.Reported Earnings • Feb 20Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.40 (down from ฿0.58 in FY 2023). Revenue: ฿20.3b (down 17% from FY 2023). Net income: ฿1.71b (down 31% from FY 2023). Profit margin: 8.4% (down from 10% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 2.2% 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 but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.공시 • Feb 20SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: in accordance with regulations prescribed under, b.e.2563., ThailandPrice Target Changed • Feb 14Price target decreased by 7.1% to ฿2.98Down from ฿3.21, the current price target is an average from 8 analysts. New target price is 18% above last closing price of ฿2.52. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.58 last year.공시 • Dec 25Tokyo Tatemono (Thailand) Ltd completed the acquisition of 49% stake in SC L1 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 17.1 million.Tokyo Tatemono (Thailand) Ltd acquired 49% stake in SC L1 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 17.1 million on December 23, 2024. A cash consideration of THB 17.15 million will be paid by Tokyo Tatemono (Thailand) Ltd. As part of acquisition, 2,450,000 shares were acquired. Tokyo Tatemono (Thailand) Ltd completed the acquisition of 49% stake in SC L1 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) on December 23, 2024.Reported Earnings • Nov 13Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: ฿0.12 (in line with 3Q 2023). Revenue: ฿5.80b (up 4.9% from 3Q 2023). Net income: ฿505.7m (flat on 3Q 2023). Profit margin: 8.7% (down from 9.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.96, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Real Estate industry in Thailand. Total returns to shareholders of 12% over the past three years.Price Target Changed • Aug 28Price target decreased by 7.6% to ฿3.08Down from ฿3.33, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ฿2.72. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.47 for next year compared to ฿0.58 last year.Declared Dividend • Aug 15First half dividend reduced to ฿0.05Dividend of ฿0.05 is 38% lower than last year. Ex-date: 27th August 2024 Payment date: 9th September 2024 Dividend yield will be 8.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 14Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ฿0.12 (down from ฿0.14 in 2Q 2023). Revenue: ฿4.64b (down 11% from 2Q 2023). Net income: ฿531.3m (down 10% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 05Price target decreased by 11% to ฿3.33Down from ฿3.73, the current price target is an average from 7 analysts. New target price is 40% above last closing price of ฿2.38. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.50 for next year compared to ฿0.58 last year.Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.043 (vs ฿0.13 in 1Q 2023)First quarter 2024 results: EPS: ฿0.043 (down from ฿0.13 in 1Q 2023). Revenue: ฿4.01b (down 19% from 1Q 2023). Net income: ฿182.6m (down 66% from 1Q 2023). Profit margin: 4.6% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.공시 • Apr 26SC Asset Corporation Public Company Limited Approves Dividend for the Year 2023, Payable on May 21, 2024SC Asset Corporation Public Company Limited announced that at its AGM held on April 24, 2024, approved a total dividend payment for the year 2023 of THB 0.24 per share or equivalent to 44.35% of the net operating profit in accordance with the dividend payment policy of the company paying dividend to the shareholders not less than 40% of net profits after deduction of income tax for each year. According to the board of directors' Meeting held on August 9, 2023, has already approved the interim dividend payment for the year 2023 at the rate THB 0.08 per share. The Annual General Meeting of Shareholders for the year 2024 approved the dividend payment for the operating results for the year 2023 in addition is the rate THB 0.16 per share. The company will set the record date for the shareholders, who are entitled to receive the dividend, on May 3, 2024. The dividend payment date will be on May 21, 2024.Upcoming Dividend • Apr 25Upcoming dividend of ฿0.16 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 6.6%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.6%).Declared Dividend • Feb 29Final dividend reduced to ฿0.16Dividend of ฿0.16 is 5.9% lower than last year. Ex-date: 2nd May 2024 Payment date: 21st May 2024 Dividend yield will be 7.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (41% 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 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.5% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 28+ 1 more updateSC Asset Corporation Public Company Limited Proposes Total Dividend for the Year 2023, Payable on 21 May 2024SC Asset Corporation Public Company Limited at its Annual General Meeting of Shareholders to be held on April 24, 2024, proposed the total dividend payment for the year 2023 paid from the profit of the operating results. equivalent to THB 0.24 per share, representing 44.35% of the net profit from operations. which is in accordance with the dividend payment policy set by the Company. The Board of Directors' Meeting No. 5/2023 held on August 9, 2023 resolved to pay interim dividends at the rate of THB 0.08 per share, total amount THB 341,586,872.24 (Three Hundred Forty-One Million Five Hundred Eighty-Six Thousand Eight Hundred and Seventy-Two Baht Twenty-Four Satang) and will propose to the General Meeting of Shareholders to approve additional dividend payment for the year 2023 at the rate of THB 0.16 per share, totaling approximately THB 683,928,304.48 (Six Hundred and Eighty-Three Million Nine Hundred Twenty-Eight Thousand Three Hundred and Four Baht Forty-Eight Satang). The Record Date to determine the shareholders, who are eligible to receive dividend is on 3 May 2024 and dividend payment date will be on 21 May 2024. This agenda shall be proposed to the 2024 Annual General Meeting of Shareholders for approval.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.58 (vs ฿0.61 in FY 2022)Full year 2023 results: EPS: ฿0.58 (down from ฿0.61 in FY 2022). Revenue: ฿24.5b (up 14% from FY 2022). Net income: ฿2.48b (down 2.9% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Thailand are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.New Risk • Feb 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% 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 (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Price Target Changed • Nov 21Price target decreased by 9.7% to ฿4.53Down from ฿5.01, the current price target is an average from 5 analysts. New target price is 41% above last closing price of ฿3.22. Stock is down 16% over the past year. The company is forecast to post earnings per share of ฿0.56 for next year compared to ฿0.61 last year.Reported Earnings • Nov 14Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: ฿0.12 (down from ฿0.15 in 3Q 2022). Revenue: ฿5.53b (up 5.5% from 3Q 2022). Net income: ฿503.4m (down 23% from 3Q 2022). Profit margin: 9.1% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.Upcoming Dividend • Aug 16Upcoming dividend of ฿0.08 per share at 5.8% yieldEligible shareholders must have bought the stock before 23 August 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (4.2%).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.14 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.14 (up from ฿0.14 in 2Q 2022). Revenue: ฿5.21b (flat on 2Q 2022). Net income: ฿593.0m (up 2.1% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Real Estate industry in Thailand. 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 23% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 13First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: ฿0.13 (up from ฿0.092 in 1Q 2022). Revenue: ฿4.92b (up 29% from 1Q 2022). Net income: ฿534.6m (up 38% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 25Upcoming dividend of ฿0.17 per share at 5.9% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 5.9%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.0%).Reported Earnings • Feb 22Full year 2022 earnings released: EPS: ฿0.61 (vs ฿0.49 in FY 2021)Full year 2022 results: EPS: ฿0.61 (up from ฿0.49 in FY 2021). Revenue: ฿21.6b (up 11% from FY 2021). Net income: ฿2.56b (up 24% from FY 2021). Profit margin: 12% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 18Price target increased by 12% to ฿5.04Up from ฿4.52, the current price target is an average from 2 analysts. New target price is 10% above last closing price of ฿4.58. Stock is up 14% over the past year. The company is forecast to post earnings per share of ฿0.57 for next year compared to ฿0.49 last year.공시 • Jan 04SC Asset Corporation Public Company Limited Announces Retirement of Pradthana Patsaman as Chief Financial OfficerSC Asset Corporation Public Company Limited announced the retirement of Mrs. Pradthana Patsaman as Chief Financial Officer of the company, with effect from 31 December, 2022.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿4.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Real Estate industry in Thailand. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.60 per share.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: ฿0.15 (vs ฿0.13 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.15 (up from ฿0.13 in 3Q 2021). Revenue: ฿5.24b (up 11% from 3Q 2021). Net income: ฿652.2m (up 20% from 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Nov 01Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be ฿4.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 3.4%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.Upcoming Dividend • Aug 17Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 24 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.2%).Reported Earnings • Aug 14Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ฿0.14 (up from ฿0.12 in 2Q 2021). Revenue: ฿5.20b (up 9.4% from 2Q 2021). Net income: ฿581.1m (up 12% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 13%, compared to a 22% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.공시 • Aug 11SC Asset Corporation Public Company Limited Approves Interim Dividend, Payable on September 7, 2022SC Asset Corporation Public Company Limited approved interim dividend will be paid at the rate of THB 0.08 per share or equivalent to 34.74% of the net operating profit amount to THB 337,546,421.12 approximately. The dividend will be paid subject to corporate income tax at rate 20% and withholding tax of 10% for natural persons. Shareholders who are natural persons shall be entitled to dividend tax credit at the rate of 20/80 times of dividend received. In this regard, the interim dividend payment shall be payable to shareholders entitled to receive the dividend who are listed on the record date on August 25, 2022. The Company determined to pay such dividend payment on September 7, 2022.Buying Opportunity • Jun 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be ฿4.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 23% in the next 2 years.Board Change • May 31High number of new directorsIndependent Director Tanai Charinsarn was the last director to join the board, commencing their role in 2022.Buying Opportunity • May 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ฿4.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 23% in the next 2 years.공시 • May 13SC Asset Corporation Public Company Limited Announces Committee ChangesSC Asset Corporation Public Company Limited approved the appointment of Mr. Tanai Charinsarn (Independent Director) as the member of the risk management committee. The company also approved the appointment of Mr. Anek Panaapichon (Independent Director) as the Chairman of the Audit Committee instead of Mr. Kunodom Thammaphornphilas who has resigned from the position of the Company's director. Approved the appointment of Mr. Precha Sekhararidhi (Independent Director) as the Member of the Nomination and Remuneration Committee instead of Mr. Kunodom Thammaphornphilas who has resigned from the position of the Company's director, at the board meeting held on May 11, 2022.Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.09 (down from ฿0.10 in 1Q 2021). Revenue: ฿3.85b (down 2.6% from 1Q 2021). Net income: ฿387.7m (down 7.0% from 1Q 2021). Profit margin: 10% (in line with 1Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 15%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Chief Corporate Officer & Executive Director Attapol Sariddipuntawat was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 23+ 1 more updateSC Asset Corporation Public Company Limited Approves Board AppointmentsSC Asset Corporation Public Company Limited approved the election of two new independent directors, totaling 11 persons, namely Mr. Anek Panaapichon and Mr. (Dr.) Tanai Charinsarn on an individual basis, at its AGM held on April 21, 2022.Reported Earnings • Feb 21Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.49 (up from ฿0.45 in FY 2020). Revenue: ฿19.5b (up 2.6% from FY 2020). Net income: ฿2.06b (up 8.7% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.Reported Earnings • Feb 21Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.49 (up from ฿0.45 in FY 2020). Revenue: ฿19.5b (up 2.6% from FY 2020). Net income: ฿2.06b (up 8.7% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.공시 • Feb 18+ 1 more updateSC Asset Corporation Public Company Limited Proposes Dividend for the Year 2021, Payable on 19 May 2022SC Asset Corporation Public Company Limited announced that at its AGM to be held on April 21, 2022, to propose the dividend payment for the year 2021 at THB 0.20 per share, totaling approximately of THB 839,818,686.20 which is 40.98% of net profit result of operating performance. The record date to determine the shareholders, who are eligible to receive dividend is on 3 May 2022 and dividend payment date will be on 19 May 2022.Price Target Changed • Nov 15Price target increased to ฿3.70Up from ฿3.39, the current price target is an average from 3 analysts. New target price is 5.1% above last closing price of ฿3.52. Stock is up 43% over the past year. The company is forecast to post earnings per share of ฿0.47 for next year compared to ฿0.45 last year.Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.16 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿4.73b (down 17% from 3Q 2020). Net income: ฿544.6m (down 20% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.11 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿4.77b (up 4.4% from 2Q 2020). Net income: ฿520.0m (up 14% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.072 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿3.96b (up 20% from 1Q 2020). Net income: ฿416.8m (up 39% from 1Q 2020). Profit margin: 11% (up from 9.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 25Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 30 April 2021. Payment date: 20 May 2021. Trailing yield: 5.4%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.8%).Price Target Changed • Mar 19Price target increased to ฿3.17Up from ฿2.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ฿3.08. Stock is up 60% over the past year.Is New 90 Day High Low • Mar 08New 90-day high: ฿2.96The company is up 6.0% from its price of ฿2.78 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.48 per share.Reported Earnings • Feb 18Full year 2020 earnings released: EPS ฿0.45 (vs ฿0.48 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿19.0b (up 7.6% from FY 2019). Net income: ฿1.90b (down 6.3% from FY 2019). Profit margin: 10.0% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 18Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Over the next year, revenue is expected to shrink by 12% compared to a 4.0% growth forecast for the Real Estate industry in Thailand.공시 • Feb 18SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 22, 2021SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 22, 2021, at 07:00 Coordinated Universal Time. Agenda: To consider and certify the Board of Directors' report on the operating performance of the Company for the year 2020; to approve the 2020 financial statement for the year ended December 31, 2020; to approve the dividend payment for the year 2020; to consider and approve the appointment of the auditor and to determine the audit fee for the year 2021; to approve the election of directors replacing those retired by rotation and to determine the remuneration of the Board of Directors for the year 2021; to approve the issuance and offering the warrants to purchase the Company's ordinary shares to directors and employees of the Company and subsidiaries, in the amount not exceeding 55,000,000 units; and to approve the allotment of newly issued ordinary shares in the amount not exceeding 5 5 ,000,000 shares, at the par value of Bath 1 each to be reserved for the exercise of the Warrants.Price Target Changed • Jan 27Price target raised to ฿2.67Up from ฿2.42, the current price target is an average from 4 analysts. The new target price is close to the current share price of ฿2.76. As of last close, the stock is up 24% over the past year.Is New 90 Day High Low • Dec 14New 90-day high: ฿2.84The company is up 26% from its price of ฿2.26 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.37 per share.Major Estimate Revision • Dec 02Analysts increase EPS estimates to ฿0.44The 2020 consensus revenue estimate increased from ฿16.9b to ฿18.0b. The earnings per share estimate also received an upgrade from ฿0.38 to ฿0.44 for the same period. Net income is expected to shrink by 31% next year compared to 7.1% decline forecast for the Real Estate industry in Thailand. The consensus price target increased from ฿2.41 to ฿2.42. Share price is up 3.1% to ฿2.68 over the past week.Major Estimate Revision • Nov 19Analysts increase EPS estimates to ฿0.41The 2020 consensus revenue estimate increased from ฿16.6b to ฿17.3b. The earnings per share estimate also received an upgrade from ฿0.35 to ฿0.41 for the same period. Net income is expected to shrink by 31% next year compared to 6.8% decline forecast for the Real Estate industry in Thailand. The consensus price target increased from ฿2.38 to ฿2.41. Share price is up 4.9% to ฿2.56 over the past week.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.16The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿5.72b (up 35% from 3Q 2019). Net income: ฿683.7m (up 55% from 3Q 2019). Profit margin: 12% (up from 10% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Nov 05New 90-day high: ฿2.40The company is up 3.0% from its price of ฿2.32 on 07 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.07 per share.Is New 90 Day High Low • Sep 24New 90-day low: ฿2.16The company is down 2.0% from its price of ฿2.20 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.07 per share.이익 및 매출 성장 예측SET:SC - 애널리스트 향후 추정치 및 과거 재무 데이터 (THB Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202821,9431,837792946312/31/202721,1431,7641,029-4,775712/31/202622,0311,68977288323/31/202620,8071,5414,0414,220N/A12/31/202520,2331,5332,2332,414N/A9/30/202518,8661,4072,5772,745N/A6/30/202519,5441,5233,1733,325N/A3/31/202518,9631,63581203N/A12/31/202420,3021,70621317N/A9/30/202423,2722,071-3,009-2,614N/A6/30/202423,0012,069-4,240-3,749N/A3/31/202423,5752,130-3,137-2,595N/A12/31/202324,4872,482-2,442-2,071N/A9/30/202322,9762,566-3,352-3,146N/A6/30/202322,6872,715-3,166-3,041N/A3/31/202322,6782,703-3,837-3,757N/A12/31/202221,5832,556-5,489-5,431N/A9/30/202220,3052,202-4,948-4,810N/A6/30/202219,7922,094-4,117-4,004N/A3/31/202219,3472,033-2,613-2,499N/A12/31/202119,4752,06278215N/A9/30/202118,8461,9393,6323,785N/A6/30/202119,8312,0786,5586,726N/A3/31/202119,6412,0146,7746,925N/A12/31/202018,9771,8985,7045,831N/A9/30/202020,2912,4284,6384,754N/A6/30/202018,8192,1851,0951,249N/A3/31/202017,7472,011-393-206N/A12/31/201917,6372,025N/A-1,739N/A9/30/201916,1121,734N/A-2,140N/A6/30/201915,5371,684N/A-1,576N/A3/31/201915,9601,852N/A-1,430N/A12/31/201815,4471,800N/A546N/A9/30/201814,8831,658N/A-87N/A6/30/201814,4351,632N/A-1,670N/A3/31/201813,3731,446N/A-2,159N/A12/31/201712,4501,259N/A-2,081N/A9/30/201710,794967N/A-3,532N/A6/30/201710,572948N/A-2,859N/A3/31/201712,8561,574N/A462N/A12/31/201614,4341,968N/A-200N/A9/30/201616,4832,532N/A2,454N/A6/30/201616,6012,597N/A2,435N/A3/31/201615,3002,205N/A915N/A12/31/201514,0501,895N/A210N/A9/30/201513,4391,685N/A-1,381N/A6/30/201514,2051,801N/A735N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SC 의 연간 예상 수익 증가율(6.5%)이 saving rate(2.2%)보다 높습니다.수익 vs 시장: SC 의 연간 수익(6.5%)이 TH 시장(10.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: SC 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: SC 의 수익(연간 1.4%)이 TH 시장(연간 9.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: SC 의 수익(연간 1.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SC의 자본 수익률은 3년 후 6.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 17:02종가2026/05/22 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스SC Asset Corporation Public Company Limited는 15명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Panjapon TaensricharoenBualuang Securities PCLNarumon EkasamutBualuang Securities PCLWikij TirawannaratBualuang Securities PCL12명의 분석가 더 보기
Price Target Changed • May 24Price target decreased by 8.1% to ฿2.35Down from ฿2.56, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿1.76. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.40 last year.
Price Target Changed • May 13Price target decreased by 8.7% to ฿2.56Down from ฿2.80, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ฿2.14. Stock is down 38% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.
Price Target Changed • May 02Price target decreased by 7.7% to ฿2.75Down from ฿2.98, the current price target is an average from 8 analysts. New target price is 25% above last closing price of ฿2.20. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.
Price Target Changed • Feb 14Price target decreased by 7.1% to ฿2.98Down from ฿3.21, the current price target is an average from 8 analysts. New target price is 18% above last closing price of ฿2.52. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.58 last year.
Price Target Changed • Aug 28Price target decreased by 7.6% to ฿3.08Down from ฿3.33, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ฿2.72. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.47 for next year compared to ฿0.58 last year.
Price Target Changed • Aug 05Price target decreased by 11% to ฿3.33Down from ฿3.73, the current price target is an average from 7 analysts. New target price is 40% above last closing price of ฿2.38. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.50 for next year compared to ฿0.58 last year.
Reported Earnings • May 19First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: ฿0.028 (up from ฿0.026 in 1Q 2025). Revenue: ฿3.25b (up 22% from 1Q 2025). Net income: ฿120.4m (up 7.2% from 1Q 2025). Profit margin: 3.7% (down from 4.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 25% per year.
Upcoming Dividend • Apr 30Upcoming dividend of ฿0.10 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.8%).
Declared Dividend • Feb 28Final dividend of ฿0.10 announcedShareholders will receive a dividend of ฿0.10. Ex-date: 7th May 2026 Payment date: 26th May 2026 Dividend yield will be 7.4%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 28+ 3 more updatesSC Asset Corporation Public Company Limited to Report Q3, 2026 Results on Nov 12, 2026SC Asset Corporation Public Company Limited announced that they will report Q3, 2026 results on Nov 12, 2026
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: ฿0.36 (vs ฿0.40 in FY 2024)Full year 2025 results: EPS: ฿0.36 (down from ฿0.40 in FY 2024). Revenue: ฿20.2b (flat on FY 2024). Net income: ฿1.53b (down 10% from FY 2024). Profit margin: 7.6% (down from 8.4% in FY 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year.
공시 • Feb 26SC Asset Corporation Public Company Limited Proposes Dividend for the Year Ended December 31, 2025, Payable on May 26, 2026SC Asset Corporation Public Company Limited at its AGM to be held on April 28, 2026 proposed the total dividend payment for the year ended December 31, 2025, which is paid from the profit of the operating results. The total dividend payment for the year 2025 is equivalent to THB 0.15 per share, representing 48.98% of the net profit from operations, which is in accordance with the dividend payment policy set by the Company. The Board of Directors' Meeting No. 5/2025 held on August 13, 2025 resolved to pay interim dividends at the rate of THB 0.05 per share, total amount THB 213,863,119.75 and will propose to the Annual General Meeting of Shareholders to approve additional dividend payment for the year 2025 at the rate of THB 0.10 per share, totaling approximately THB 427,726,339.50. The Record Date to determine the shareholders who are eligible to receive dividend is on May 8, 2026, and dividend payment date will be on May 26, 2026.
공시 • Feb 25SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 28, 2026SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 28, 2026, at 14:00 SE Asia Standard Time.
Board Change • Feb 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. Head of Compliance, Chief Legal Officer & Director Somboon Kuptimanus was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Nov 15Third quarter 2025 earnings released: EPS: ฿0.091 (vs ฿0.12 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.091 (down from ฿0.12 in 3Q 2024). Revenue: ฿5.13b (down 12% from 3Q 2024). Net income: ฿389.8m (down 23% from 3Q 2024). Profit margin: 7.6% (down from 8.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year.
공시 • Oct 28Tokyo Tatemono (Thailand) Ltd acquired 40% stake in SC CD4 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for approximately THB 100 million.Tokyo Tatemono (Thailand) Ltd acquired 40% stake in SC CD4 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for approximately THB 100 million on October 27, 2025. SC CD4 Company Limited has a total of 20,000,000 shares outstanding. Following the transaction, SC Asset retains 11,999,998 shares, representing a 60% stake, while Tokyo Tatemono holds 8,000,000 shares, representing a 40% stake. The remaining 2 shares are held by Namtip Promchua and Rachod Nantakwng, each holding 1 share. Tokyo Tatemono (Thailand) Ltd completed the acquisition of 40% stake in SC CD4 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for approximately THB 100 million on October 27, 2025.
공시 • Oct 03Paetongtarn Shinawatra acquired 28.43% stake in SC Asset Corporation Public Company Limited (SET:SC) from Kiatnakin Phatra Asset Management Company Limited and Land and Houses Fund Management Company Ltd.Paetongtarn Shinawatra acquired 28.43% stake in SC Asset Corporation Public Company Limited (SET:SC) from Kiatnakin Phatra Asset Management Company Limited and Land and Houses Fund Management Company Ltd. on October 1, 2025. Paetongtarn Shinawatra completed the acquisition of 28.43% stake in SC Asset Corporation Public Company Limited (SET:SC) from Kiatnakin Phatra Asset Management Company Limited and Land and Houses Fund Management Company Ltd. on October 1, 2025.
공시 • Sep 16Tokyo Tatemono (Thailand) Ltd acquired 49% stake in SC CD5 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 12.4 million.Tokyo Tatemono (Thailand) Ltd acquired 49% stake in SC CD5 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 12.4 million on September 15, 2025. A cash consideration of THB 12.45 million will be paid by Tokyo Tatemono (Thailand) Ltd. As part of consideration, THB 12.45 million is paid towards common equity of SC CD5 Company Limited. Tokyo Tatemono (Thailand) Ltd completed the acquisition of 49% stake in SC CD5 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) on September 15, 2025.
Declared Dividend • Aug 15First half dividend of ฿0.05 announcedShareholders will receive a dividend of ฿0.05. Ex-date: 27th August 2025 Payment date: 9th September 2025 Dividend yield will be 8.5%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 49% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ฿0.098 (down from ฿0.12 in 2Q 2024). Revenue: ฿5.22b (up 13% from 2Q 2024). Net income: ฿418.8m (down 21% from 2Q 2024). Profit margin: 8.0% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.3% 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 but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ฿1.76, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Real Estate industry in Thailand. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.24 per share.
New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 0.2% 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 (0.6% operating cash flow to total debt). Earnings have declined by 0.2% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share).
Valuation Update With 7 Day Price Move • May 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ฿1.63, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Real Estate industry in Thailand. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿3.04 per share.
Price Target Changed • May 24Price target decreased by 8.1% to ฿2.35Down from ฿2.56, the current price target is an average from 8 analysts. New target price is 34% above last closing price of ฿1.76. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.34 for next year compared to ฿0.40 last year.
Reported Earnings • May 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: ฿0.026 (down from ฿0.043 in 1Q 2024). Revenue: ฿2.67b (down 33% from 1Q 2024). Net income: ฿112.2m (down 39% from 1Q 2024). Profit margin: 4.2% (down from 4.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Price Target Changed • May 13Price target decreased by 8.7% to ฿2.56Down from ฿2.80, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ฿2.14. Stock is down 38% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.
Price Target Changed • May 02Price target decreased by 7.7% to ฿2.75Down from ฿2.98, the current price target is an average from 8 analysts. New target price is 25% above last closing price of ฿2.20. Stock is down 37% over the past year. The company is forecast to post earnings per share of ฿0.38 for next year compared to ฿0.40 last year.
Upcoming Dividend • Apr 25Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 02 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Lower than top quartile of Thai dividend payers (7.9%). Higher than average of industry peers (5.8%).
공시 • Apr 24SC Asset Corporation Public Company Limited Approves Dividend for the Year 2024, Payable on May 20, 2025SC Asset Corporation Public Company Limited at its AGM held on April 24, 2025, approved total dividend payment for the year 2024 of THB 0.16 per share or equivalent to 43.08% of the net operating profit in accordance with the Dividend Payment Policy of the Company that the Company will pay the dividend to the shareholders not less than 40% of net profits after deduction of income tax for each year. The Board of Directors' Meeting No.5/2024 held on August 13, 2024, has already approved the interim dividend payment for the year 2024 at the rate THB 0.05 per share. The Annual General Meeting of Shareholders for the year 2025 approved the dividend payment for the operating results for the year 2024 in addition is the rate THB 0.11 per share. The Company will set the Record Date for the shareholders, who are entitled to receive the dividend, on May 6, 2025. The dividend payment date will be on May 20, 2025.
Declared Dividend • Feb 21Final dividend reduced to ฿0.11Dividend of ฿0.11 is 31% lower than last year. Ex-date: 2nd May 2025 Payment date: 20th May 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (dividend approximately 23x free cash flows). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 20SC Asset Corporation Public Company Limited Proposes Interim Dividend for Operating Period from July 1, 2024 to December 31, 2024, Payable on May 20, 2025SC Asset Corporation Public Company Limited proposed interim dividend for operating period from July 1, 2024 to December 31, 2024, payable on May 20, 2025. For the period, the company reported dividend of THB 0.11 per share. The Record Date to determine the shareholders who are eligible to receive dividend is on May 6, 2025. This agenda shall be proposed to the 2025 Annual General Meeting of Shareholders for approval. Ex-dividend date is 02 May 2025.
Reported Earnings • Feb 20Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: ฿0.40 (down from ฿0.58 in FY 2023). Revenue: ฿20.3b (down 17% from FY 2023). Net income: ฿1.71b (down 31% from FY 2023). Profit margin: 8.4% (down from 10% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 2.2% 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 but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
공시 • Feb 20SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Location: in accordance with regulations prescribed under, b.e.2563., Thailand
Price Target Changed • Feb 14Price target decreased by 7.1% to ฿2.98Down from ฿3.21, the current price target is an average from 8 analysts. New target price is 18% above last closing price of ฿2.52. Stock is down 24% over the past year. The company is forecast to post earnings per share of ฿0.42 for next year compared to ฿0.58 last year.
공시 • Dec 25Tokyo Tatemono (Thailand) Ltd completed the acquisition of 49% stake in SC L1 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 17.1 million.Tokyo Tatemono (Thailand) Ltd acquired 49% stake in SC L1 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) for THB 17.1 million on December 23, 2024. A cash consideration of THB 17.15 million will be paid by Tokyo Tatemono (Thailand) Ltd. As part of acquisition, 2,450,000 shares were acquired. Tokyo Tatemono (Thailand) Ltd completed the acquisition of 49% stake in SC L1 Company Limited from SC Asset Corporation Public Company Limited (SET:SC) on December 23, 2024.
Reported Earnings • Nov 13Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: ฿0.12 (in line with 3Q 2023). Revenue: ฿5.80b (up 4.9% from 3Q 2023). Net income: ฿505.7m (flat on 3Q 2023). Profit margin: 8.7% (down from 9.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Thailand are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ฿2.96, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Real Estate industry in Thailand. Total returns to shareholders of 12% over the past three years.
Price Target Changed • Aug 28Price target decreased by 7.6% to ฿3.08Down from ฿3.33, the current price target is an average from 7 analysts. New target price is 13% above last closing price of ฿2.72. Stock is down 41% over the past year. The company is forecast to post earnings per share of ฿0.47 for next year compared to ฿0.58 last year.
Declared Dividend • Aug 15First half dividend reduced to ฿0.05Dividend of ฿0.05 is 38% lower than last year. Ex-date: 27th August 2024 Payment date: 9th September 2024 Dividend yield will be 8.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 14Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: ฿0.12 (down from ฿0.14 in 2Q 2023). Revenue: ฿4.64b (down 11% from 2Q 2023). Net income: ฿531.3m (down 10% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 05Price target decreased by 11% to ฿3.33Down from ฿3.73, the current price target is an average from 7 analysts. New target price is 40% above last closing price of ฿2.38. Stock is down 45% over the past year. The company is forecast to post earnings per share of ฿0.50 for next year compared to ฿0.58 last year.
Reported Earnings • May 15First quarter 2024 earnings released: EPS: ฿0.043 (vs ฿0.13 in 1Q 2023)First quarter 2024 results: EPS: ฿0.043 (down from ฿0.13 in 1Q 2023). Revenue: ฿4.01b (down 19% from 1Q 2023). Net income: ฿182.6m (down 66% from 1Q 2023). Profit margin: 4.6% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.
공시 • Apr 26SC Asset Corporation Public Company Limited Approves Dividend for the Year 2023, Payable on May 21, 2024SC Asset Corporation Public Company Limited announced that at its AGM held on April 24, 2024, approved a total dividend payment for the year 2023 of THB 0.24 per share or equivalent to 44.35% of the net operating profit in accordance with the dividend payment policy of the company paying dividend to the shareholders not less than 40% of net profits after deduction of income tax for each year. According to the board of directors' Meeting held on August 9, 2023, has already approved the interim dividend payment for the year 2023 at the rate THB 0.08 per share. The Annual General Meeting of Shareholders for the year 2024 approved the dividend payment for the operating results for the year 2023 in addition is the rate THB 0.16 per share. The company will set the record date for the shareholders, who are entitled to receive the dividend, on May 3, 2024. The dividend payment date will be on May 21, 2024.
Upcoming Dividend • Apr 25Upcoming dividend of ฿0.16 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 6.6%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.6%).
Declared Dividend • Feb 29Final dividend reduced to ฿0.16Dividend of ฿0.16 is 5.9% lower than last year. Ex-date: 2nd May 2024 Payment date: 21st May 2024 Dividend yield will be 7.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (41% 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 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.5% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 28+ 1 more updateSC Asset Corporation Public Company Limited Proposes Total Dividend for the Year 2023, Payable on 21 May 2024SC Asset Corporation Public Company Limited at its Annual General Meeting of Shareholders to be held on April 24, 2024, proposed the total dividend payment for the year 2023 paid from the profit of the operating results. equivalent to THB 0.24 per share, representing 44.35% of the net profit from operations. which is in accordance with the dividend payment policy set by the Company. The Board of Directors' Meeting No. 5/2023 held on August 9, 2023 resolved to pay interim dividends at the rate of THB 0.08 per share, total amount THB 341,586,872.24 (Three Hundred Forty-One Million Five Hundred Eighty-Six Thousand Eight Hundred and Seventy-Two Baht Twenty-Four Satang) and will propose to the General Meeting of Shareholders to approve additional dividend payment for the year 2023 at the rate of THB 0.16 per share, totaling approximately THB 683,928,304.48 (Six Hundred and Eighty-Three Million Nine Hundred Twenty-Eight Thousand Three Hundred and Four Baht Forty-Eight Satang). The Record Date to determine the shareholders, who are eligible to receive dividend is on 3 May 2024 and dividend payment date will be on 21 May 2024. This agenda shall be proposed to the 2024 Annual General Meeting of Shareholders for approval.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: ฿0.58 (vs ฿0.61 in FY 2022)Full year 2023 results: EPS: ฿0.58 (down from ฿0.61 in FY 2022). Revenue: ฿24.5b (up 14% from FY 2022). Net income: ฿2.48b (down 2.9% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Thailand are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
New Risk • Feb 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.8% 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 (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Price Target Changed • Nov 21Price target decreased by 9.7% to ฿4.53Down from ฿5.01, the current price target is an average from 5 analysts. New target price is 41% above last closing price of ฿3.22. Stock is down 16% over the past year. The company is forecast to post earnings per share of ฿0.56 for next year compared to ฿0.61 last year.
Reported Earnings • Nov 14Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: ฿0.12 (down from ฿0.15 in 3Q 2022). Revenue: ฿5.53b (up 5.5% from 3Q 2022). Net income: ฿503.4m (down 23% from 3Q 2022). Profit margin: 9.1% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
Upcoming Dividend • Aug 16Upcoming dividend of ฿0.08 per share at 5.8% yieldEligible shareholders must have bought the stock before 23 August 2023. Payment date: 06 September 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (6.4%). Higher than average of industry peers (4.2%).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.14 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.14 (up from ฿0.14 in 2Q 2022). Revenue: ฿5.21b (flat on 2Q 2022). Net income: ฿593.0m (up 2.1% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Real Estate industry in Thailand. 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 23% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 13First quarter 2023 earnings: EPS misses analyst expectationsFirst quarter 2023 results: EPS: ฿0.13 (up from ฿0.092 in 1Q 2022). Revenue: ฿4.92b (up 29% from 1Q 2022). Net income: ฿534.6m (up 38% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 25Upcoming dividend of ฿0.17 per share at 5.9% yieldEligible shareholders must have bought the stock before 02 May 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 5.9%. Lower than top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.0%).
Reported Earnings • Feb 22Full year 2022 earnings released: EPS: ฿0.61 (vs ฿0.49 in FY 2021)Full year 2022 results: EPS: ฿0.61 (up from ฿0.49 in FY 2021). Revenue: ฿21.6b (up 11% from FY 2021). Net income: ฿2.56b (up 24% from FY 2021). Profit margin: 12% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 18Price target increased by 12% to ฿5.04Up from ฿4.52, the current price target is an average from 2 analysts. New target price is 10% above last closing price of ฿4.58. Stock is up 14% over the past year. The company is forecast to post earnings per share of ฿0.57 for next year compared to ฿0.49 last year.
공시 • Jan 04SC Asset Corporation Public Company Limited Announces Retirement of Pradthana Patsaman as Chief Financial OfficerSC Asset Corporation Public Company Limited announced the retirement of Mrs. Pradthana Patsaman as Chief Financial Officer of the company, with effect from 31 December, 2022.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to ฿4.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Real Estate industry in Thailand. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ฿4.60 per share.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: ฿0.15 (vs ฿0.13 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.15 (up from ฿0.13 in 3Q 2021). Revenue: ฿5.24b (up 11% from 3Q 2021). Net income: ฿652.2m (up 20% from 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Real Estate industry in Thailand. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Nov 01Now 20% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be ฿4.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 3.4%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.
Upcoming Dividend • Aug 17Upcoming dividend of ฿0.08 per shareEligible shareholders must have bought the stock before 24 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.2%).
Reported Earnings • Aug 14Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: ฿0.14 (up from ฿0.12 in 2Q 2021). Revenue: ฿5.20b (up 9.4% from 2Q 2021). Net income: ฿581.1m (up 12% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 13%, compared to a 22% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Aug 11SC Asset Corporation Public Company Limited Approves Interim Dividend, Payable on September 7, 2022SC Asset Corporation Public Company Limited approved interim dividend will be paid at the rate of THB 0.08 per share or equivalent to 34.74% of the net operating profit amount to THB 337,546,421.12 approximately. The dividend will be paid subject to corporate income tax at rate 20% and withholding tax of 10% for natural persons. Shareholders who are natural persons shall be entitled to dividend tax credit at the rate of 20/80 times of dividend received. In this regard, the interim dividend payment shall be payable to shareholders entitled to receive the dividend who are listed on the record date on August 25, 2022. The Company determined to pay such dividend payment on September 7, 2022.
Buying Opportunity • Jun 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be ฿4.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 23% in the next 2 years.
Board Change • May 31High number of new directorsIndependent Director Tanai Charinsarn was the last director to join the board, commencing their role in 2022.
Buying Opportunity • May 25Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be ฿4.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 23% in the next 2 years.
공시 • May 13SC Asset Corporation Public Company Limited Announces Committee ChangesSC Asset Corporation Public Company Limited approved the appointment of Mr. Tanai Charinsarn (Independent Director) as the member of the risk management committee. The company also approved the appointment of Mr. Anek Panaapichon (Independent Director) as the Chairman of the Audit Committee instead of Mr. Kunodom Thammaphornphilas who has resigned from the position of the Company's director. Approved the appointment of Mr. Precha Sekhararidhi (Independent Director) as the Member of the Nomination and Remuneration Committee instead of Mr. Kunodom Thammaphornphilas who has resigned from the position of the Company's director, at the board meeting held on May 11, 2022.
Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: ฿0.09 (down from ฿0.10 in 1Q 2021). Revenue: ฿3.85b (down 2.6% from 1Q 2021). Net income: ฿387.7m (down 7.0% from 1Q 2021). Profit margin: 10% (in line with 1Q 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 15%, compared to a 18% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Chief Corporate Officer & Executive Director Attapol Sariddipuntawat was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 23+ 1 more updateSC Asset Corporation Public Company Limited Approves Board AppointmentsSC Asset Corporation Public Company Limited approved the election of two new independent directors, totaling 11 persons, namely Mr. Anek Panaapichon and Mr. (Dr.) Tanai Charinsarn on an individual basis, at its AGM held on April 21, 2022.
Reported Earnings • Feb 21Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.49 (up from ฿0.45 in FY 2020). Revenue: ฿19.5b (up 2.6% from FY 2020). Net income: ฿2.06b (up 8.7% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.
Reported Earnings • Feb 21Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: ฿0.49 (up from ฿0.45 in FY 2020). Revenue: ฿19.5b (up 2.6% from FY 2020). Net income: ฿2.06b (up 8.7% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 12%, compared to a 19% growth forecast for the industry in Thailand. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year.
공시 • Feb 18+ 1 more updateSC Asset Corporation Public Company Limited Proposes Dividend for the Year 2021, Payable on 19 May 2022SC Asset Corporation Public Company Limited announced that at its AGM to be held on April 21, 2022, to propose the dividend payment for the year 2021 at THB 0.20 per share, totaling approximately of THB 839,818,686.20 which is 40.98% of net profit result of operating performance. The record date to determine the shareholders, who are eligible to receive dividend is on 3 May 2022 and dividend payment date will be on 19 May 2022.
Price Target Changed • Nov 15Price target increased to ฿3.70Up from ฿3.39, the current price target is an average from 3 analysts. New target price is 5.1% above last closing price of ฿3.52. Stock is up 43% over the past year. The company is forecast to post earnings per share of ฿0.47 for next year compared to ฿0.45 last year.
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS ฿0.13 (vs ฿0.16 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: ฿4.73b (down 17% from 3Q 2020). Net income: ฿544.6m (down 20% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.11 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: ฿4.77b (up 4.4% from 2Q 2020). Net income: ฿520.0m (up 14% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • May 14First quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.072 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ฿3.96b (up 20% from 1Q 2020). Net income: ฿416.8m (up 39% from 1Q 2020). Profit margin: 11% (up from 9.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 25Upcoming dividend of ฿0.18 per shareEligible shareholders must have bought the stock before 30 April 2021. Payment date: 20 May 2021. Trailing yield: 5.4%. Within top quartile of Thai dividend payers (5.0%). Higher than average of industry peers (3.8%).
Price Target Changed • Mar 19Price target increased to ฿3.17Up from ฿2.67, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ฿3.08. Stock is up 60% over the past year.
Is New 90 Day High Low • Mar 08New 90-day high: ฿2.96The company is up 6.0% from its price of ฿2.78 on 08 December 2020. The Thai market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.48 per share.
Reported Earnings • Feb 18Full year 2020 earnings released: EPS ฿0.45 (vs ฿0.48 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ฿19.0b (up 7.6% from FY 2019). Net income: ฿1.90b (down 6.3% from FY 2019). Profit margin: 10.0% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 18Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Over the next year, revenue is expected to shrink by 12% compared to a 4.0% growth forecast for the Real Estate industry in Thailand.
공시 • Feb 18SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 22, 2021SC Asset Corporation Public Company Limited, Annual General Meeting, Apr 22, 2021, at 07:00 Coordinated Universal Time. Agenda: To consider and certify the Board of Directors' report on the operating performance of the Company for the year 2020; to approve the 2020 financial statement for the year ended December 31, 2020; to approve the dividend payment for the year 2020; to consider and approve the appointment of the auditor and to determine the audit fee for the year 2021; to approve the election of directors replacing those retired by rotation and to determine the remuneration of the Board of Directors for the year 2021; to approve the issuance and offering the warrants to purchase the Company's ordinary shares to directors and employees of the Company and subsidiaries, in the amount not exceeding 55,000,000 units; and to approve the allotment of newly issued ordinary shares in the amount not exceeding 5 5 ,000,000 shares, at the par value of Bath 1 each to be reserved for the exercise of the Warrants.
Price Target Changed • Jan 27Price target raised to ฿2.67Up from ฿2.42, the current price target is an average from 4 analysts. The new target price is close to the current share price of ฿2.76. As of last close, the stock is up 24% over the past year.
Is New 90 Day High Low • Dec 14New 90-day high: ฿2.84The company is up 26% from its price of ฿2.26 on 15 September 2020. The Thai market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.37 per share.
Major Estimate Revision • Dec 02Analysts increase EPS estimates to ฿0.44The 2020 consensus revenue estimate increased from ฿16.9b to ฿18.0b. The earnings per share estimate also received an upgrade from ฿0.38 to ฿0.44 for the same period. Net income is expected to shrink by 31% next year compared to 7.1% decline forecast for the Real Estate industry in Thailand. The consensus price target increased from ฿2.41 to ฿2.42. Share price is up 3.1% to ฿2.68 over the past week.
Major Estimate Revision • Nov 19Analysts increase EPS estimates to ฿0.41The 2020 consensus revenue estimate increased from ฿16.6b to ฿17.3b. The earnings per share estimate also received an upgrade from ฿0.35 to ฿0.41 for the same period. Net income is expected to shrink by 31% next year compared to 6.8% decline forecast for the Real Estate industry in Thailand. The consensus price target increased from ฿2.38 to ฿2.41. Share price is up 4.9% to ฿2.56 over the past week.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS ฿0.16The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿5.72b (up 35% from 3Q 2019). Net income: ฿683.7m (up 55% from 3Q 2019). Profit margin: 12% (up from 10% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Nov 05New 90-day high: ฿2.40The company is up 3.0% from its price of ฿2.32 on 07 August 2020. The Thai market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.07 per share.
Is New 90 Day High Low • Sep 24New 90-day low: ฿2.16The company is down 2.0% from its price of ฿2.20 on 26 June 2020. The Thai market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ฿1.07 per share.