View Financial HealthSena Development 배당 및 자사주 매입배당 기준 점검 5/6Sena Development 수익으로 충분히 충당되는 현재 수익률 7.77% 보유한 배당금 지급 회사입니다. 다음 지급일은 25th May, 2026 이며 배당락일은 다음과 같습니다. 13th May, 2026.핵심 정보7.8%배당 수익률-14.7%자사주 매입 수익률총 주주 수익률-7.0%미래 배당 수익률n/a배당 성장률3.3%다음 배당 지급일25 May 26배당락일13 May 26주당 배당금n/a배당 성향76%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.공시 • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).모든 업데이트 보기Recent updatesReported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.035 (vs ฿0.077 in 1Q 2025)First quarter 2026 results: EPS: ฿0.035 (down from ฿0.077 in 1Q 2025). Revenue: ฿1.22b (down 1.2% from 1Q 2025). Net income: ฿50.6m (down 55% from 1Q 2025). Profit margin: 4.2% (down from 9.0% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year.Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.공시 • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.공시 • Feb 27Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time.Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.054 (vs ฿0.081 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.054 (down from ฿0.081 in 3Q 2024). Revenue: ฿1.17b (up 43% from 3Q 2024). Net income: ฿77.7m (down 33% from 3Q 2024). Profit margin: 6.7% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.069 (vs ฿0.052 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.069 (up from ฿0.052 in 2Q 2024). Revenue: ฿1.26b (up 104% from 2Q 2024). Net income: ฿98.8m (up 33% from 2Q 2024). Profit margin: 7.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.공시 • May 21Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million.Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million on May 20, 2025. A cash consideration of THB 70.43 million will be paid by Mitsubishi Corporation LT (Thailand) Company Limited. After the acquisition Sena Development Public Company Limited will hold 50.99% stake in Sena Metrobox, previously it held 99.99% stake. The transaction has been approved by board of Sena Development Public Company Limited.Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.077 (vs ฿0.077 in 1Q 2024)First quarter 2025 results: EPS: ฿0.077 (in line with 1Q 2024). Revenue: ฿1.23b (up 66% from 1Q 2024). Net income: ฿111.4m (flat on 1Q 2024). Profit margin: 9.0% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.28 (vs ฿0.28 in FY 2023)Full year 2024 results: EPS: ฿0.28 (down from ฿0.28 in FY 2023). Revenue: ฿3.33b (down 9.1% from FY 2023). Net income: ฿399.6m (down 1.7% from FY 2023). Profit margin: 12% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.공시 • Mar 03+ 1 more updateSena Development Public Company Limited, Annual General Meeting, Apr 25, 2025Sena Development Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time.Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to ฿2.14. The fair value is estimated to be ฿2.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 46%.New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.37b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.37b market cap, or US$99.8m).Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.052 (vs ฿0.088 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.052 (down from ฿0.088 in 2Q 2023). Revenue: ฿620.7m (down 33% from 2Q 2023). Net income: ฿74.6m (down 41% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to ฿2.26. The fair value is estimated to be ฿2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 34%.New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿3.61b market cap, or US$99.3m).Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.077 (vs ฿0.06 in 1Q 2023)First quarter 2024 results: EPS: ฿0.077 (up from ฿0.06 in 1Q 2023). Revenue: ฿741.1m (down 17% from 1Q 2023). Net income: ฿110.9m (up 29% from 1Q 2023). Profit margin: 15% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).공시 • Apr 27+ 1 more updateSena Development Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024Sena Development Public Company Limited at its AGM held on April 26, 2024 Approved the allocation of net profit to the legal reserve and approve the payment of dividend deriving from the operating results for the year 2023. The performance of the accounting period from January 1, 2023 to December 31, 2023 totaling approximately 337,800,389 Baht or at the rate of 0.234214 Baht per share. The proposed dividend consists of profit derived from the Company's business promoted by the Board of Investment in the amount of approximately 7,831,540 Baht or equivalent to 0.005430 Baht per share and profit derived from the Company's business, not promoted by the Board of Investment in the amount of approximately 329,968,849 Baht or Baht 0.228784 per share. However, the company will deduct withholding tax for income from receiving dividends at the rate prescribed by law. The record date to determine names of shareholders who have the right to receive dividend payment will be on May 13, 2024 (Record Date) and the dividend payment date will be no later than May 24, 2024.공시 • Mar 15Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million.Sena Development Public Company Limited (SET:SENA) entered into agreement 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024. Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.28 (vs ฿0.63 in FY 2022)Full year 2023 results: EPS: ฿0.28 (down from ฿0.63 in FY 2022). Revenue: ฿3.66b (flat on FY 2022). Net income: ฿406.7m (down 55% from FY 2022). Profit margin: 11% (down from 25% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Declared Dividend • Feb 29Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 10th May 2024 Payment date: 24th May 2024 Dividend yield will be 8.7%, which is higher than the industry average of 4.3%.공시 • Feb 28+ 2 more updatesSena Development Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024The board of directors of SENA Development Public Company Limited meeting held on February 27, 2024, approved and proposed the 2024 Annual General Meeting of Shareholders to be held on April 26, 2024, to consider and approve the dividend payment for the period ended December 31, 2023 as follows. Approved the payment of dividends for the performance the accounting period January 1, 2023 to December 31, 2023 in the amount of approximately THB 337,800,389 or equivalent to THB 0.234214 in the proposed dividend payment consists of profit from the Company's operations which has been promoted by the Board of Investment (BOI) in the amount of approximately THB 7,831,540 or equivalent to THB 0.005430 per share and profit derived from the Company's business, not promoted by the Board of Investment (Non BOI) in the amount approximately THB 329,968,489 or THB 0.228784 per share. However, The company will deduct withholding tax on income from dividends at the rate required by law. To determine the record date for the right to receive the dividend (Record Date) on May 13, 2024 and to pay dividend on May 24, 2024.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.044 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.043 (down from ฿0.044 in 3Q 2022). Revenue: ฿837.0m (down 16% from 3Q 2022). Net income: ฿61.8m (down 3.6% from 3Q 2022). Profit margin: 7.4% (up from 6.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.New Risk • Oct 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.63b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿3.63b market cap, or US$99.5m).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.088 (vs ฿0.21 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.088 (down from ฿0.21 in 2Q 2022). Revenue: ฿922.1m (down 4.6% from 2Q 2022). Net income: ฿127.0m (down 58% from 2Q 2022). Profit margin: 14% (down from 31% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.06 (down from ฿0.23 in 1Q 2022). Revenue: ฿888.8m (up 76% from 1Q 2022). Net income: ฿86.3m (down 74% from 1Q 2022). Profit margin: 9.7% (down from 67% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Upcoming Dividend • May 04Upcoming dividend of ฿0.078 per share at 4.6% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (4.1%).Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.044 (vs ฿0.12 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.044 (down from ฿0.12 in 3Q 2021). Revenue: ฿995.9m (up 37% from 3Q 2021). Net income: ฿64.1m (down 62% from 3Q 2021). Profit margin: 6.4% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Aug 18Upcoming dividend of ฿0.13 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 8.2%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.2%).Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.15 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.21 (up from ฿0.15 in 2Q 2021). Revenue: ฿966.2m (up 21% from 2Q 2021). Net income: ฿303.1m (up 39% from 2Q 2021). Profit margin: 31% (up from 27% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.16 in 1Q 2021)First quarter 2022 results: EPS: ฿0.23 (up from ฿0.16 in 1Q 2021). Revenue: ฿504.4m (down 41% from 1Q 2021). Net income: ฿336.3m (up 47% from 1Q 2021). Profit margin: 67% (up from 27% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 04Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿4.40, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total returns to shareholders of 60% over the past three years.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.87 (up from ฿0.79 in FY 2020). Revenue: ฿3.04b (down 26% from FY 2020). Net income: ฿1.25b (up 12% from FY 2020). Profit margin: 41% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.84, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 73% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.20 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿729.4m (down 24% from 3Q 2020). Net income: ฿166.4m (down 40% from 3Q 2020). Profit margin: 23% (down from 29% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Executive Departure • Aug 24Independent Director Pramote Chotmongkol has left the companyOn the 12th of August, Pramote Chotmongkol's tenure as Independent Director ended after 10.3 years in the role. We don't have any record of a personal shareholding under Pramote's name. Pramote is the only executive to leave the company over the last 12 months.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.16 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿798.3m (down 21% from 2Q 2020). Net income: ฿217.5m (down 5.0% from 2Q 2020). Profit margin: 27% (up from 23% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.16 in 1Q 2020)The company reported a mediocre first quarter result with weaker revenues, although earnings were flat and profit margins improved. First quarter 2021 results: Revenue: ฿859.5m (down 7.5% from 1Q 2020). Net income: ฿229.3m (flat on 1Q 2020). Profit margin: 27% (up from 25% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.Upcoming Dividend • May 04Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 21 May 2021. Trailing yield: 6.8%. Within top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (3.8%).Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 5.2% compared to a 10% growth forecast for the Real Estate industry in Thailand.Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.79 (vs ฿0.63 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿4.09b (down 21% from FY 2019). Net income: ฿1.12b (up 26% from FY 2019). Profit margin: 27% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Feb 25New 90-day high: ฿3.82The company is up 14% from its price of ฿3.36 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period.Is New 90 Day High Low • Dec 09New 90-day high: ฿3.44The company is up 26% from its price of ฿2.74 on 10 September 2020. The Thai market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period.Valuation Update With 7 Day Price Move • Nov 21Market bids up stock over the past weekAfter last week's 17% share price gain to ฿3.40, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 10x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 33%.Is New 90 Day High Low • Nov 16New 90-day high: ฿3.06The company is up 1.0% from its price of ฿3.02 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also up 1.0% over the same period.Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.20The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿960.1m (down 15% from 3Q 2019). Net income: ฿278.2m (up 148% from 3Q 2019). Profit margin: 29% (up from 10.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 19New 90-day low: ฿2.62The company is down 6.0% from its price of ฿2.78 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 10.0% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: SENA 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: SENA 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Sena Development 배당 수익률 vs 시장SENA의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (SENA)7.8%시장 하위 25% (TH)3.4%시장 상위 25% (TH)7.6%업계 평균 (Real Estate)4.7%분석가 예측 (SENA) (최대 3년)n/a주목할만한 배당금: SENA 의 배당금( 7.77% )은 TH 시장에서 배당금 지급자의 하위 25%( 3.41% )보다 높습니다.고배당: SENA 의 배당금( 7.77% )은 TH 시장( 7.62% )주주 대상 이익 배당수익 보장: 현재 지불 비율 ( 75.9% )에서 SENA 의 지불은 수입으로 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적으로 낮은 현금 지급 비율 ( 30.2% )로 SENA 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 18:50종가2026/05/21 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 소스Sena Development Public Company Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Padon VannaratYuanta Securities (Thailand) Company Limited
Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).
Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.
공시 • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.
Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).
Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.
Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).
Reported Earnings • May 19First quarter 2026 earnings released: EPS: ฿0.035 (vs ฿0.077 in 1Q 2025)First quarter 2026 results: EPS: ฿0.035 (down from ฿0.077 in 1Q 2025). Revenue: ฿1.22b (down 1.2% from 1Q 2025). Net income: ฿50.6m (down 55% from 1Q 2025). Profit margin: 4.2% (down from 9.0% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year.
Upcoming Dividend • May 06Upcoming dividend of ฿0.14 per shareEligible shareholders must have bought the stock before 13 May 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.8%. Lower than top quartile of Thai dividend payers (7.5%). Higher than average of industry peers (4.9%).
Declared Dividend • Mar 02Dividend increased to ฿0.14Dividend of ฿0.14 is 24% higher than last year. Ex-date: 13th May 2026 Payment date: 25th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years.
공시 • Feb 28Sena Development Public Company Limited announces Annual dividend, payable on May 25, 2026Sena Development Public Company Limited announced Annual dividend of THB 0.1383 per share payable on May 25, 2026, ex-date on May 13, 2026 and record date on May 14, 2026.
공시 • Feb 27Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026Sena Development Public Company Limited, Annual General Meeting, Apr 27, 2026, at 10:00 SE Asia Standard Time.
Reported Earnings • Nov 16Third quarter 2025 earnings released: EPS: ฿0.054 (vs ฿0.081 in 3Q 2024)Third quarter 2025 results: EPS: ฿0.054 (down from ฿0.081 in 3Q 2024). Revenue: ฿1.17b (up 43% from 3Q 2024). Net income: ฿77.7m (down 33% from 3Q 2024). Profit margin: 6.7% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: ฿0.069 (vs ฿0.052 in 2Q 2024)Second quarter 2025 results: EPS: ฿0.069 (up from ฿0.052 in 2Q 2024). Revenue: ฿1.26b (up 104% from 2Q 2024). Net income: ฿98.8m (up 33% from 2Q 2024). Profit margin: 7.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
공시 • May 21Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million.Mitsubishi Corporation LT (Thailand) Company Limited agreed to acquire 49% stake in Sena Metrobox Co., Ltd from Sena Development Public Company Limited (SET:SENA), Kessara Thanyalakphark and Benyalak Thanyalakpark for THB 70.4 million on May 20, 2025. A cash consideration of THB 70.43 million will be paid by Mitsubishi Corporation LT (Thailand) Company Limited. After the acquisition Sena Development Public Company Limited will hold 50.99% stake in Sena Metrobox, previously it held 99.99% stake. The transaction has been approved by board of Sena Development Public Company Limited.
Reported Earnings • May 17First quarter 2025 earnings released: EPS: ฿0.077 (vs ฿0.077 in 1Q 2024)First quarter 2025 results: EPS: ฿0.077 (in line with 1Q 2024). Revenue: ฿1.23b (up 66% from 1Q 2024). Net income: ฿111.4m (flat on 1Q 2024). Profit margin: 9.0% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 02Upcoming dividend of ฿0.11 per shareEligible shareholders must have bought the stock before 09 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Thai dividend payers (7.9%). In line with average of industry peers (5.7%).
Declared Dividend • Mar 06Dividend reduced to ฿0.11Dividend of ฿0.11 is 53% lower than last year. Ex-date: 9th May 2025 Payment date: 23rd May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 13% to shift the payout ratio to a potentially unsustainable range, which is less than the 15% EPS decline seen over the last 5 years.
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: ฿0.28 (vs ฿0.28 in FY 2023)Full year 2024 results: EPS: ฿0.28 (down from ฿0.28 in FY 2023). Revenue: ฿3.33b (down 9.1% from FY 2023). Net income: ฿399.6m (down 1.7% from FY 2023). Profit margin: 12% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
공시 • Mar 03+ 1 more updateSena Development Public Company Limited, Annual General Meeting, Apr 25, 2025Sena Development Public Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 SE Asia Standard Time.
Buy Or Sell Opportunity • Mar 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to ฿2.14. The fair value is estimated to be ฿2.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 46%.
New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.37b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 12% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (฿3.37b market cap, or US$99.8m).
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: ฿0.052 (vs ฿0.088 in 2Q 2023)Second quarter 2024 results: EPS: ฿0.052 (down from ฿0.088 in 2Q 2023). Revenue: ฿620.7m (down 33% from 2Q 2023). Net income: ฿74.6m (down 41% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to ฿2.26. The fair value is estimated to be ฿2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 34%.
New Risk • May 21New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.61b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (฿3.61b market cap, or US$99.3m).
Reported Earnings • May 17First quarter 2024 earnings released: EPS: ฿0.077 (vs ฿0.06 in 1Q 2023)First quarter 2024 results: EPS: ฿0.077 (up from ฿0.06 in 1Q 2023). Revenue: ฿741.1m (down 17% from 1Q 2023). Net income: ฿110.9m (up 29% from 1Q 2023). Profit margin: 15% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 03Upcoming dividend of ฿0.23 per shareEligible shareholders must have bought the stock before 10 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 7.9%. Within top quartile of Thai dividend payers (6.0%). Higher than average of industry peers (4.5%).
공시 • Apr 27+ 1 more updateSena Development Public Company Limited Approves Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024Sena Development Public Company Limited at its AGM held on April 26, 2024 Approved the allocation of net profit to the legal reserve and approve the payment of dividend deriving from the operating results for the year 2023. The performance of the accounting period from January 1, 2023 to December 31, 2023 totaling approximately 337,800,389 Baht or at the rate of 0.234214 Baht per share. The proposed dividend consists of profit derived from the Company's business promoted by the Board of Investment in the amount of approximately 7,831,540 Baht or equivalent to 0.005430 Baht per share and profit derived from the Company's business, not promoted by the Board of Investment in the amount of approximately 329,968,849 Baht or Baht 0.228784 per share. However, the company will deduct withholding tax for income from receiving dividends at the rate prescribed by law. The record date to determine names of shareholders who have the right to receive dividend payment will be on May 13, 2024 (Record Date) and the dividend payment date will be no later than May 24, 2024.
공시 • Mar 15Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million.Sena Development Public Company Limited (SET:SENA) entered into agreement 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024. Sena Development Public Company Limited (SET:SENA) completed the acquisition of 49% stake in Sena Hhp 13 Company Limited from Hankyu Hanshin Properties Corp. for THB 5.6 million on March 14, 2024.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: ฿0.28 (vs ฿0.63 in FY 2022)Full year 2023 results: EPS: ฿0.28 (down from ฿0.63 in FY 2022). Revenue: ฿3.66b (flat on FY 2022). Net income: ฿406.7m (down 55% from FY 2022). Profit margin: 11% (down from 25% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Declared Dividend • Feb 29Dividend of ฿0.23 announcedShareholders will receive a dividend of ฿0.23. Ex-date: 10th May 2024 Payment date: 24th May 2024 Dividend yield will be 8.7%, which is higher than the industry average of 4.3%.
공시 • Feb 28+ 2 more updatesSena Development Public Company Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024The board of directors of SENA Development Public Company Limited meeting held on February 27, 2024, approved and proposed the 2024 Annual General Meeting of Shareholders to be held on April 26, 2024, to consider and approve the dividend payment for the period ended December 31, 2023 as follows. Approved the payment of dividends for the performance the accounting period January 1, 2023 to December 31, 2023 in the amount of approximately THB 337,800,389 or equivalent to THB 0.234214 in the proposed dividend payment consists of profit from the Company's operations which has been promoted by the Board of Investment (BOI) in the amount of approximately THB 7,831,540 or equivalent to THB 0.005430 per share and profit derived from the Company's business, not promoted by the Board of Investment (Non BOI) in the amount approximately THB 329,968,489 or THB 0.228784 per share. However, The company will deduct withholding tax on income from dividends at the rate required by law. To determine the record date for the right to receive the dividend (Record Date) on May 13, 2024 and to pay dividend on May 24, 2024.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: ฿0.043 (vs ฿0.044 in 3Q 2022)Third quarter 2023 results: EPS: ฿0.043 (down from ฿0.044 in 3Q 2022). Revenue: ฿837.0m (down 16% from 3Q 2022). Net income: ฿61.8m (down 3.6% from 3Q 2022). Profit margin: 7.4% (up from 6.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
New Risk • Oct 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ฿3.63b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (฿3.63b market cap, or US$99.5m).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ฿0.088 (vs ฿0.21 in 2Q 2022)Second quarter 2023 results: EPS: ฿0.088 (down from ฿0.21 in 2Q 2022). Revenue: ฿922.1m (down 4.6% from 2Q 2022). Net income: ฿127.0m (down 58% from 2Q 2022). Profit margin: 14% (down from 31% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 18First quarter 2023 earnings released: EPS: ฿0.06 (vs ฿0.23 in 1Q 2022)First quarter 2023 results: EPS: ฿0.06 (down from ฿0.23 in 1Q 2022). Revenue: ฿888.8m (up 76% from 1Q 2022). Net income: ฿86.3m (down 74% from 1Q 2022). Profit margin: 9.7% (down from 67% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 04Upcoming dividend of ฿0.078 per share at 4.6% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Thai dividend payers (6.2%). Higher than average of industry peers (4.1%).
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: ฿0.044 (vs ฿0.12 in 3Q 2021)Third quarter 2022 results: EPS: ฿0.044 (down from ฿0.12 in 3Q 2021). Revenue: ฿995.9m (up 37% from 3Q 2021). Net income: ฿64.1m (down 62% from 3Q 2021). Profit margin: 6.4% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Aug 18Upcoming dividend of ฿0.13 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 8.2%. Within top quartile of Thai dividend payers (5.4%). Higher than average of industry peers (3.2%).
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: ฿0.21 (vs ฿0.15 in 2Q 2021)Second quarter 2022 results: EPS: ฿0.21 (up from ฿0.15 in 2Q 2021). Revenue: ฿966.2m (up 21% from 2Q 2021). Net income: ฿303.1m (up 39% from 2Q 2021). Profit margin: 31% (up from 27% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: ฿0.23 (vs ฿0.16 in 1Q 2021)First quarter 2022 results: EPS: ฿0.23 (up from ฿0.16 in 1Q 2021). Revenue: ฿504.4m (down 41% from 1Q 2021). Net income: ฿336.3m (up 47% from 1Q 2021). Profit margin: 67% (up from 27% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 04Upcoming dividend of ฿0.21 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Thai dividend payers (5.2%). Higher than average of industry peers (3.1%).
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. Independent Director Woravit Chailimpamontri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ฿4.40, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Real Estate industry in Thailand. Total returns to shareholders of 60% over the past three years.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ฿0.87 (up from ฿0.79 in FY 2020). Revenue: ฿3.04b (down 26% from FY 2020). Net income: ฿1.25b (up 12% from FY 2020). Profit margin: 41% (up from 27% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to ฿4.84, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Real Estate industry in Thailand. Total returns to shareholders of 73% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS ฿0.12 (vs ฿0.20 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ฿729.4m (down 24% from 3Q 2020). Net income: ฿166.4m (down 40% from 3Q 2020). Profit margin: 23% (down from 29% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Executive Departure • Aug 24Independent Director Pramote Chotmongkol has left the companyOn the 12th of August, Pramote Chotmongkol's tenure as Independent Director ended after 10.3 years in the role. We don't have any record of a personal shareholding under Pramote's name. Pramote is the only executive to leave the company over the last 12 months.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS ฿0.15 (vs ฿0.16 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: ฿798.3m (down 21% from 2Q 2020). Net income: ฿217.5m (down 5.0% from 2Q 2020). Profit margin: 27% (up from 23% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ฿0.16 (vs ฿0.16 in 1Q 2020)The company reported a mediocre first quarter result with weaker revenues, although earnings were flat and profit margins improved. First quarter 2021 results: Revenue: ฿859.5m (down 7.5% from 1Q 2020). Net income: ฿229.3m (flat on 1Q 2020). Profit margin: 27% (up from 25% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.
Upcoming Dividend • May 04Upcoming dividend of ฿0.19 per shareEligible shareholders must have bought the stock before 11 May 2021. Payment date: 21 May 2021. Trailing yield: 6.8%. Within top quartile of Thai dividend payers (4.8%). Higher than average of industry peers (3.8%).
Analyst Estimate Surprise Post Earnings • Mar 02Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 5.2% compared to a 10% growth forecast for the Real Estate industry in Thailand.
Reported Earnings • Feb 27Full year 2020 earnings released: EPS ฿0.79 (vs ฿0.63 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ฿4.09b (down 21% from FY 2019). Net income: ฿1.12b (up 26% from FY 2019). Profit margin: 27% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Feb 25New 90-day high: ฿3.82The company is up 14% from its price of ฿3.36 on 27 November 2020. The Thai market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Dec 09New 90-day high: ฿3.44The company is up 26% from its price of ฿2.74 on 10 September 2020. The Thai market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 17% over the same period.
Valuation Update With 7 Day Price Move • Nov 21Market bids up stock over the past weekAfter last week's 17% share price gain to ฿3.40, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 10x in the Real Estate industry in Thailand. Total returns to shareholders over the past three years are 33%.
Is New 90 Day High Low • Nov 16New 90-day high: ฿3.06The company is up 1.0% from its price of ฿3.02 on 18 August 2020. The Thai market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also up 1.0% over the same period.
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS ฿0.20The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ฿960.1m (down 15% from 3Q 2019). Net income: ฿278.2m (up 148% from 3Q 2019). Profit margin: 29% (up from 10.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 19New 90-day low: ฿2.62The company is down 6.0% from its price of ฿2.78 on 21 July 2020. The Thai market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 10.0% over the same period.