BST:1PT1

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Executive Summary

Central Pattana Public Company Limited develops and manages real estate properties primarily in Thailand.


Snowflake Analysis

Solid track record average dividend payer.


Similar Companies

Share Price & News

How has Central Pattana's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1PT1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.8%

1PT1

1.0%

DE Real Estate

1.5%

DE Market


1 Year Return

-32.8%

1PT1

-6.5%

DE Real Estate

-0.2%

DE Market

Return vs Industry: 1PT1 underperformed the German Real Estate industry which returned -6.5% over the past year.

Return vs Market: 1PT1 underperformed the German Market which returned -0.2% over the past year.


Shareholder returns

1PT1IndustryMarket
7 Day-6.8%1.0%1.5%
30 Day1.5%8.2%5.7%
90 Day-11.1%-4.8%-2.7%
1 Year-31.7%-32.8%-5.1%-6.5%1.5%-0.2%
3 Year-18.9%-22.8%29.5%21.6%-7.1%-14.3%
5 Year32.9%23.0%100.2%74.1%5.2%-8.3%

Price Volatility Vs. Market

How volatile is Central Pattana's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Central Pattana undervalued compared to its fair value and its price relative to the market?

16.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1PT1 (€1.36) is trading above our estimate of fair value (€1.2)

Significantly Below Fair Value: 1PT1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1PT1 is poor value based on its PE Ratio (17x) compared to the Real Estate industry average (10.3x).

PE vs Market: 1PT1 is good value based on its PE Ratio (17x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: 1PT1 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 1PT1 is overvalued based on its PB Ratio (3.4x) compared to the DE Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Central Pattana forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1PT1's forecast earnings growth (9.5% per year) is above the savings rate (0.2%).

Earnings vs Market: 1PT1's earnings (9.5% per year) are forecast to grow slower than the German market (21.6% per year).

High Growth Earnings: 1PT1's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1PT1's revenue (14.4% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: 1PT1's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1PT1's Return on Equity is forecast to be low in 3 years time (13.9%).


Next Steps

Past Performance

How has Central Pattana performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1PT1 has high quality earnings.

Growing Profit Margin: 1PT1's current net profit margins (32%) are higher than last year (30.4%).


Past Earnings Growth Analysis

Earnings Trend: 1PT1's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: 1PT1's earnings growth over the past year (20%) exceeds its 5-year average (10% per year).

Earnings vs Industry: 1PT1 earnings growth over the past year (20%) exceeded the Real Estate industry 10%.


Return on Equity

High ROE: 1PT1's Return on Equity (18%) is considered low.


Next Steps

Financial Health

How is Central Pattana's financial position?


Financial Position Analysis

Short Term Liabilities: 1PT1's short term assets (฿22.4B) do not cover its short term liabilities (฿30.0B).

Long Term Liabilities: 1PT1's short term assets (฿22.4B) do not cover its long term liabilities (฿114.1B).


Debt to Equity History and Analysis

Debt Level: 1PT1's debt to equity ratio (56.8%) is considered high.

Reducing Debt: 1PT1's debt to equity ratio has increased from 35% to 56.8% over the past 5 years.

Debt Coverage: 1PT1's debt is well covered by operating cash flow (40.7%).

Interest Coverage: 1PT1's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet


Next Steps

Dividend

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

1.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1PT1's dividend (1.57%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: 1PT1's dividend (1.57%) is low compared to the top 25% of dividend payers in the German market (3.94%).


Stability and Growth of Payments

Stable Dividend: 1PT1's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1PT1's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.6%), 1PT1's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1PT1's dividends in 3 years are forecast to be well covered by earnings (43.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Preecha Ekkunagul (61yo)

6.42yrs

Tenure

฿760,000

Compensation

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Preecha Ekkunagul
President6.42yrs฿760.00k0.000070% ฿4.5k
Naparat Sriwanvit
Senior EVP of Finance6.33yrsno data0.0017% ฿112.6k
Suwadee Singngam
Senior Vice President of Accounting & Administration11.42yrsno data0.0015% ฿98.4k
Chanyuth Waroonthepraksa
Investor Relations Managerno datano datano data
Nattakit Tangpoonsinthana
Executive Vice President of Marketingno datano datano data
Suthipak Chirathivat
Senior Executive Vice President of Office of the President4.5yrsno data0.57% ฿37.1m
Wallaya Chirathivat
Deputy Chief Executive Officer8.42yrsno data0.38% ฿24.9m
Wiwat Charoensawatpong
Senior VP of Property Area 1 & Acting Shopping Center GMno datano datano data
Narttaya Chirathivat
Executive Vice President of Office of the Presidentno datano datano data
Chanavat Uahwatanasakul
Senior Executive Vice President of Development Workgroup3.83yrsno data0.39% ฿25.3m

6.4yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 1PT1's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Preecha Ekkunagul
President6.42yrs฿760.00k0.000070% ฿4.5k
Paitoon Taveebhol
Independent Director17.92yrs฿2.52mno data
Suthikiati Chirathivat
Director17.92yrs฿1.28m0.51% ฿32.8m
Sudhitham Chirathivat
Director25.25yrs฿1.45m0.60% ฿38.8m
Sudhisak Chirathivat
Director17.92yrs฿1.49m0.63% ฿41.0m
Kobchai Chirathivat
Director25.25yrs฿1.37m0.61% ฿39.4m
Suthichai Chirathivat
Chairman of the Board10.08yrs฿2.07m8.38% ฿542.4m
Prin Chirathivat
Director25.25yrs฿1.61m0.95% ฿61.3m
Karun Kittisataporn
Lead Independent Director0.67yr฿2.23mno data
Supachai Panitchpakdi
Honorary Chairman4.42yrsno datano data

17.9yrs

Average Tenure

71yo

Average Age

Experienced Board: 1PT1's board of directors are seasoned and experienced ( 17.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Central Pattana Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Central Pattana Public Company Limited
  • Ticker: 1PT1
  • Exchange: BST
  • Founded: 1980
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: ฿228.013b
  • Listing Market Cap: ฿6.473b
  • Shares outstanding: 4.47b
  • Website: https://www.cpn.co.th

Number of Employees


Location

  • Central Pattana Public Company Limited
  • The Offices at Centralworld
  • 10th Floor
  • Bangkok
  • 10330
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPNSET (The Stock Exchange of Thailand)YesCommon SharesTHTHBJul 1995
CPN-FTHAMSE (Bangkok-Alien Market Stock Exchange)SHSTHTHBSep 1995
1PT1BST (Boerse-Stuttgart)SHSDEEURSep 1995
CPN-RSET (The Stock Exchange of Thailand)THB1(NVDR)THTHBAug 2001
CPPB.YOTCPK (Pink Sheets LLC)ADRUSUSDAug 2012

Biography

Central Pattana Public Company Limited develops and manages real estate properties primarily in Thailand. The company develops and rents shopping centers; office buildings; hotel; residential building; and food court, as well as invests in property leasehold funds and trust, and offers property management services. As of December 31, 2019, its property portfolio comprised 34 shopping centers, 7 office buildings, 2 hotels, and 1 rental housing project and accommodation project. The company was founded in 1980 and is headquartered in Bangkok, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 10:25
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.