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Central Pattana

BST:1PT1
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1PT1
BST
฿339B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Central Pattana Public Company Limited develops and manages real estate properties primarily in Thailand. The last earnings update was 34 days ago. More info.


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1PT1 Share Price and Events
7 Day Returns
1.3%
BST:1PT1
1.6%
DE Real Estate
0.3%
DE Market
1 Year Returns
11.8%
BST:1PT1
4.1%
DE Real Estate
-11.7%
DE Market
1PT1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Central Pattana (1PT1) 1.3% 5.7% 8.3% 11.8% 48.5% 96%
DE Real Estate 1.6% -5.4% -2.7% 4.1% 39.1% 121.9%
DE Market 0.3% -2.8% -0.8% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • 1PT1 outperformed the Real Estate industry which returned 4.1% over the past year.
  • 1PT1 outperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
1PT1
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Central Pattana's competitors could be found in our database.

Value

 Is Central Pattana undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Central Pattana to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Central Pattana.

BST:1PT1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:1PT1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 20%) (8.83%))
1.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.065 * 5.96%)
6.57%

Discounted Cash Flow Calculation for BST:1PT1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Central Pattana is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:1PT1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 6.57%)
2019 3,578.00 Analyst x1 3,357.27
2020 9,626.00 Analyst x4 8,474.95
2021 9,669.25 Analyst x4 7,987.85
2022 16,930.00 Analyst x1 13,123.20
2023 18,217.00 Analyst x1 13,249.68
2024 19,163.97 Est @ 5.2% 13,078.55
2025 19,874.41 Est @ 3.71% 12,726.66
2026 20,403.76 Est @ 2.66% 12,259.59
2027 20,798.12 Est @ 1.93% 11,725.61
2028 21,093.74 Est @ 1.42% 11,158.62
Present value of next 10 years cash flows ฿107,141.98
BST:1PT1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿21,093.74 × (1 + 0.23%) ÷ (6.57% – 0.23%)
฿333,113.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿333,113.14 ÷ (1 + 6.57%)10
฿176,217.44
BST:1PT1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿107,141.98 + ฿176,217.44
฿283,359.42
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿283,359.42 / 4,488.00
฿63.14
BST:1PT1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:1PT1 represents 0.0277x of SET:CPN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0277x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 63.14 x 0.0277
€1.75
Value per share (EUR) From above. €1.75
Current discount Discount to share price of €2.09
= -1 x (€2.09 - €1.75) / €1.75
-19.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Central Pattana is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Central Pattana's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Central Pattana's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:1PT1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿2.50
SET:CPN Share Price ** SET (2019-06-14) in THB ฿75.5
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 13.22x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Central Pattana.

BST:1PT1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:CPN Share Price ÷ EPS (both in THB)

= 75.5 ÷ 2.50

30.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central Pattana is overvalued based on earnings compared to the DE Real Estate industry average.
  • Central Pattana is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Central Pattana's expected growth come at a high price?
Raw Data
BST:1PT1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
11.8%per year
Germany Real Estate Industry PEG Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 0.58x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

BST:1PT1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.15x ÷ 11.8%

2.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central Pattana is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Central Pattana's assets?
Raw Data
BST:1PT1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿15.28
SET:CPN Share Price * SET (2019-06-14) in THB ฿75.5
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.3x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
BST:1PT1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:CPN Share Price ÷ Book Value per Share (both in THB)

= 75.5 ÷ 15.28

4.94x

* Primary Listing of Central Pattana.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central Pattana is overvalued based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Central Pattana's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Central Pattana has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Central Pattana expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Central Pattana expected to grow at an attractive rate?
  • Central Pattana's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Central Pattana's earnings growth is positive but not above the Germany market average.
  • Central Pattana's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:1PT1 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:1PT1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 11.8%
BST:1PT1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 8.3%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -3.4%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:1PT1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:1PT1 Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 44,633 24,121 15,554 10
2020-12-31 41,493 21,870 14,008 17
2019-12-31 37,577 18,799 12,429 13
BST:1PT1 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 38,247 17,769 11,240
2018-12-31 37,445 17,139 11,216
2018-09-30 35,916 27,765 11,012
2018-06-30 34,066 28,947 14,066
2018-03-31 32,208 25,355 13,614
2017-12-31 31,933 26,599 13,568
2017-09-30 31,361 15,721 13,460
2017-06-30 31,000 14,011 9,820
2017-03-31 30,590 15,159 9,630
2016-12-31 30,087 14,376 9,244
2016-09-30 29,487 14,468 8,936
2016-06-30 28,500 14,043 8,410

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Central Pattana's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • Central Pattana's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:1PT1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Central Pattana Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1PT1 Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.47 3.79 3.30 8.00
2020-12-31 3.12 3.35 2.88 16.00
2019-12-31 2.77 3.00 2.60 15.00
BST:1PT1 Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 2.50
2018-12-31 2.50
2018-09-30 2.45
2018-06-30 3.13
2018-03-31 3.03
2017-12-31 3.02
2017-09-30 3.00
2017-06-30 2.19
2017-03-31 2.15
2016-12-31 2.06
2016-09-30 1.99
2016-06-30 1.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Central Pattana is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Central Pattana's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Central Pattana has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Central Pattana performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Central Pattana's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Central Pattana's year on year earnings growth rate has been positive over the past 5 years.
  • Central Pattana's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Central Pattana's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
Central Pattana's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Central Pattana Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1PT1 Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 38,247.36 11,240.38 6,174.90
2018-12-31 37,444.74 11,215.65 5,956.92
2018-09-30 35,916.21 11,011.67 5,796.10
2018-06-30 34,066.07 14,066.29 5,381.50
2018-03-31 32,208.25 13,614.04 5,140.21
2017-12-31 31,932.78 13,567.64 4,990.88
2017-09-30 31,361.32 13,460.31 4,633.52
2017-06-30 30,999.73 9,820.06 4,564.68
2017-03-31 30,590.00 9,629.90 4,377.67
2016-12-31 30,086.84 9,243.80 4,300.65
2016-09-30 29,487.15 8,935.88 4,426.42
2016-06-30 28,499.67 8,409.90 4,296.66
2016-03-31 27,420.40 8,123.06 4,144.36
2015-12-31 26,411.61 7,880.31 4,030.47
2015-09-30 25,656.77 7,790.16 3,911.41
2015-06-30 25,380.14 7,908.51 3,750.80
2015-03-31 25,253.58 7,743.76 3,722.03
2014-12-31 24,636.24 7,306.95 3,666.74
2014-09-30 24,251.54 7,236.43 3,638.09
2014-06-30 23,266.22 6,761.00 3,579.09
2014-03-31 22,697.91 6,346.89 3,538.31
2013-12-31 21,920.71 6,292.53 3,445.55
2013-09-30 21,700.94 5,651.97 3,203.05
2013-06-30 22,414.60 7,035.98 3,054.37
2013-03-31 21,051.11 6,780.02 2,874.08
2012-12-31 20,066.06 6,188.70 2,740.93
2012-09-30 18,032.84 5,771.48 2,560.13
2012-06-30 15,121.00 3,316.69 2,525.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Central Pattana has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Central Pattana used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Central Pattana's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Central Pattana's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Central Pattana has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Central Pattana's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Central Pattana's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Central Pattana's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Central Pattana's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Central Pattana's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Central Pattana Company Filings, last reported 2 months ago.

BST:1PT1 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 77,050.32 29,906.31 2,827.99
2018-12-31 74,175.74 30,488.21 3,021.03
2018-09-30 75,474.40 28,923.07 2,632.12
2018-06-30 63,912.15 12,736.46 2,588.68
2018-03-31 66,794.45 9,419.55 4,850.69
2017-12-31 63,879.79 9,543.51 2,418.14
2017-09-30 60,741.31 18,231.60 1,974.74
2017-06-30 54,659.56 19,824.61 2,042.49
2017-03-31 55,807.01 14,959.07 2,549.66
2016-12-31 53,004.80 17,904.29 2,488.95
2016-09-30 50,761.92 19,646.47 1,837.87
2016-06-30 48,392.92 20,660.88 1,529.00
2016-03-31 49,220.53 21,567.07 2,275.95
2015-12-31 46,801.12 22,623.27 2,577.73
2015-09-30 44,902.57 22,952.35 1,864.33
2015-06-30 43,062.36 23,349.96 1,758.47
2015-03-31 43,950.93 15,212.75 1,274.77
2014-12-31 41,747.92 16,023.05 2,487.78
2014-09-30 39,893.71 15,538.35 1,352.83
2014-06-30 37,927.06 16,318.65 1,653.79
2014-03-31 38,563.98 19,791.46 2,161.55
2013-12-31 36,823.64 19,845.76 1,752.18
2013-09-30 35,049.56 20,461.07 2,265.79
2013-06-30 33,566.02 21,633.03 2,048.12
2013-03-31 27,568.39 25,473.32 1,745.34
2012-12-31 25,899.97 25,568.71 2,893.64
2012-09-30 24,764.79 26,496.16 3,042.18
2012-06-30 21,904.52 26,873.60 1,620.70
  • Central Pattana's level of debt (38.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.2% vs 38.8% today).
  • Debt is well covered by operating cash flow (59.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 69.5x coverage).
X
Financial health checks
We assess Central Pattana's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Central Pattana has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Central Pattana's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.46%
Current annual income from Central Pattana dividends. Estimated to be 1.69% next year.
If you bought €2,000 of Central Pattana shares you are expected to receive €29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Central Pattana's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Central Pattana's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:1PT1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:1PT1 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.44 10.00
2020-12-31 1.31 20.00
2019-12-31 1.17 20.00
BST:1PT1 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-21 1.100 1.484
2018-02-19 1.400 1.802
2017-02-27 0.830 1.178
2016-02-18 0.700 1.270
2015-02-20 0.650 1.451
2014-02-24 0.550 1.193
2013-02-22 0.475 1.075
2012-04-30 0.185 0.620
2011-03-01 0.125 0.723
2010-05-14 0.290 2.308
2010-03-04 0.290 2.918

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central Pattana has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Central Pattana only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Central Pattana's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Central Pattana's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Central Pattana afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Central Pattana has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Central Pattana's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Preecha Ekkunagul
COMPENSATION ฿676,000
AGE 60
TENURE AS CEO 5.4 years
CEO Bio

Mr. Preecha Ekkunagul serves as Chief Executive Officer of Central Pattana Group at The Central Group. Mr. Ekkunagul has been Chief Executive Officer and President of Central Pattana Public Company Limited since January 2, 2014. Mr. Ekkunagul served as the President of Robinson Department Store Public Company Limited from 2003 to January 2, 2014. He served as the Managing Director at Big C Supercenter PCL from 1995 to 2000. He served as the President at CRC Power Retail Co., Ltd from 2000 to 2003 and B2S Co., Ltd. from 2000 to 2003. He has been an Executive Director of Central Pattana Public Company Limited since April 25, 2014. Mr. Ekkunagul served as a Director of COL Public Company Limited (alternative name Officemate Public Company Limited) until January 2, 2014. He served as an Executive Director of Robinson Department Store Public Company Limited from 2003 to January 2, 2014. He serves as a Director Accreditation Program (DAP) 2004; Director Certification Program (DCP) 2005, Thai Institute of Directors Association and Capital Market Academy Leader Program 2008, (Capital Market Academy). He served as a Director of Central Pattana Public Company Limited. He holds a Bachelor Degree in Chemical Engineering from the Chulalongkorn University and Master Degree in Industrial and Management from the Asia Institute of Technology.

CEO Compensation
  • Preecha's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Preecha's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Central Pattana management team in years:

5.4
Average Tenure
55
Average Age
  • The average tenure for the Central Pattana management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Preecha Ekkunagul

TITLE
President
COMPENSATION
฿676K
AGE
60
TENURE
5.4 yrs

Naparat Sriwanvit

TITLE
Senior EVP of Finance
AGE
45
TENURE
5.3 yrs

Suwadee Singngam

TITLE
Senior Vice President of Accounting & Administration
AGE
53
TENURE
10.4 yrs

Chanyuth Waroonthepraksa

TITLE
Investor Relations Manager

Nattakit Tangpoonsinthana

TITLE
Executive Vice President of Marketing
AGE
53

Suthipak Chirathivat

TITLE
Senior Executive Vice President of Office of the President
AGE
56
TENURE
3.5 yrs

Wallaya Chirathivat

TITLE
Deputy Chief Executive Officer
AGE
56
TENURE
7.4 yrs

Wiwat Charoensawatpong

TITLE
Senior VP of Property Area 1 & Acting Shopping Center GM

Narttaya Chirathivat

TITLE
Executive Vice President of Office of the President
AGE
54

Panida Sooksridakul

TITLE
Executive Vice President of Property Management
AGE
63
Board of Directors Tenure

Average tenure and age of the Central Pattana board of directors in years:

16.9
Average Tenure
70
Average Age
  • The average tenure for the Central Pattana board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Suthichai Chirathivat

TITLE
Chairman of the Board
COMPENSATION
฿1M
AGE
78
TENURE
9.1 yrs

Preecha Ekkunagul

TITLE
President
COMPENSATION
฿676K
AGE
60
TENURE
5.2 yrs

Supachai Panitchpakdi

TITLE
Honorary Chairman
TENURE
3.4 yrs

Paitoon Taveebhol

TITLE
Independent Director
COMPENSATION
฿2M
AGE
68
TENURE
16.9 yrs

Karun Kittisataporn

TITLE
Independent Director
COMPENSATION
฿1M
AGE
71
TENURE
10.2 yrs

Suthikiati Chirathivat

TITLE
Director
COMPENSATION
฿676K
AGE
76
TENURE
16.9 yrs

Sudhitham Chirathivat

TITLE
Director
COMPENSATION
฿689K
AGE
70
TENURE
24.3 yrs

Sudhisak Chirathivat

TITLE
Director
COMPENSATION
฿731K
AGE
73
TENURE
16.9 yrs

Kobchai Chirathivat

TITLE
Director
COMPENSATION
฿593K
AGE
63
TENURE
24.3 yrs

Prin Chirathivat

TITLE
Director
COMPENSATION
฿707K
AGE
56
TENURE
24.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Central Pattana's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Central Pattana has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Central Pattana Public Company Limited develops and manages real estate properties primarily in Thailand. The company constructs office buildings, shopping centers, and residential and shop houses for rent; sells food and beverages; and provides utility services in shopping centers, as well as offers property management consulting and corporate, and training and personnel development services. It also operates hotels; and play land and water theme parks in shopping centers. In addition, the company invests in real estate properties; sells land, houses, and condominium units; and manages a real estate investment trust, condominium juristic person, and housing estate juristic person. Its property portfolio comprises 30 shopping centers, 7 office buildings, 2 Hotels, and 2 residential condominiums. The company was founded in 1980 and is based in Bangkok, Thailand.

Details
Name: Central Pattana Public Company Limited
1PT1
Exchange: BST
Founded: 1980
฿9,673,038,232
4,488,000,000
Website: http://www.cpn.co.th
Address: Central Pattana Public Company Limited
The offices at Centralworld,
31st Floor,
Bangkok,
10330,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET CPN Common Shares The Stock Exchange of Thailand TH THB 03. Jul 1995
OTCPK CPPB.Y ADR Pink Sheets LLC US USD 16. Aug 2012
SET CPN-R THB1(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
THAMSE CPN-F THB0.5(ALIEN MKT) Bangkok-Alien Market Stock Exchange TH THB 21. Sep 1995
BST 1PT1 THB0.5(ALIEN MKT) Boerse-Stuttgart DE EUR 21. Sep 1995
Number of employees
Current staff
Staff numbers
4,658
Central Pattana employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:37
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/07
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.