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Frasers Property (Thailand)

Executive Summary

Frasers Property (Thailand) Public Company Limited, together with its subsidiaries, primarily develops industrial real estate properties in Thailand.


Snowflake Analysis

Good value with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Frasers Property (Thailand)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6TI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

6TI

-0.02%

DE Real Estate

2.2%

DE Market


1 Year Return

-46.4%

6TI

13.0%

DE Real Estate

12.4%

DE Market

Return vs Industry: 6TI underperformed the German Real Estate industry which returned 13% over the past year.

Return vs Market: 6TI underperformed the German Market which returned 12.4% over the past year.


Shareholder returns

6TIIndustryMarket
7 Day0%-0.02%2.2%
30 Day-1.5%5.1%0.8%
90 Day-28.6%16.5%18.1%
1 Year-43.3%-46.4%15.8%13.0%15.0%12.4%
3 Year-17.1%-23.5%43.9%33.0%8.5%-0.3%
5 Year32.6%16.9%105.1%79.6%27.8%10.6%

Price Volatility Vs. Market

How volatile is Frasers Property (Thailand)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Frasers Property (Thailand) undervalued compared to its fair value and its price relative to the market?

9.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6TI (€0.27) is trading above our estimate of fair value (€0.05)

Significantly Below Fair Value: 6TI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6TI is good value based on its PE Ratio (10x) compared to the DE Real Estate industry average (11.9x).

PE vs Market: 6TI is good value based on its PE Ratio (10x) compared to the German market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: 6TI is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 6TI is good value based on its PB Ratio (0.8x) compared to the DE Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Frasers Property (Thailand) forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6TI's forecast earnings growth (12.3% per year) is above the savings rate (0.2%).

Earnings vs Market: 6TI's earnings (12.3% per year) are forecast to grow slower than the German market (25.5% per year).

High Growth Earnings: 6TI's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6TI's revenue (3.9% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: 6TI's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6TI's Return on Equity is forecast to be low in 3 years time (7.2%).


Next Steps

Past Performance

How has Frasers Property (Thailand) performed over the past 5 years?

28.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6TI has a large one-off gain of ฿721.0M impacting its June 30 2020 financial results.

Growing Profit Margin: 6TI's current net profit margins (11.9%) are higher than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: 6TI's earnings have grown significantly by 28.2% per year over the past 5 years.

Accelerating Growth: 6TI's earnings growth over the past year (65.5%) exceeds its 5-year average (28.2% per year).

Earnings vs Industry: 6TI earnings growth over the past year (65.5%) exceeded the Real Estate industry 7.5%.


Return on Equity

High ROE: 6TI's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Frasers Property (Thailand)'s financial position?


Financial Position Analysis

Short Term Liabilities: 6TI's short term assets (฿40.2B) exceed its short term liabilities (฿22.4B).

Long Term Liabilities: 6TI's short term assets (฿40.2B) do not cover its long term liabilities (฿46.0B).


Debt to Equity History and Analysis

Debt Level: 6TI's debt to equity ratio (193.4%) is considered high.

Reducing Debt: 6TI's debt to equity ratio has increased from 190.3% to 193.4% over the past 5 years.

Debt Coverage: 6TI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6TI's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Frasers Property (Thailand) current dividend yield, its reliability and sustainability?

4.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6TI's dividend (4.11%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: 6TI's dividend (4.11%) is in the top 25% of dividend payers in the German market (3.74%)


Stability and Growth of Payments

Stable Dividend: 6TI's dividend payments have been volatile in the past 10 years.

Growing Dividend: 6TI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41%), 6TI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6TI's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Sopon Racharaksa (48 yo)

2.42yrs

Tenure

Mr. Sopon Racharaksa has been the President of Frasers Property (Thailand) Public Company Limited (formerly known as TICON Industrial Connection Public Company Limited) since January 16, 2017 and its Actin ...


Leadership Team

NamePositionTenureCompensationOwnership
Sopon Racharaksa
President & Acting CEO2.42yrsno datano data
Rojana Asawavichienjinda
Senior VP of Finance & Accounting and Acting CFO0.67yrno datano data
Kamonkarn Kongkathong
Executive Vice President of Strategy & Investment1.83yrsno datano data
Siriporn Sombatwatthana
Head of Administrationno datano datano data
Sriwalee Suksri
Vice President of Legal & Compliance and Company Secretaryno datano datano data
Hataikan Duttadintorn
Head of Corporate Communicationno datano datano data
Lanchakorn Kongsakul
Head of Human Resources3.58yrsno datano data
Somsak Ratanavirakul
Head of Sales & Leasing - Factory2.83yrsno datano data
Yuko Hoshi
Head of Sales & Leasing-Factory2.75yrsno datano data
Samart Rusmeerojwong
Head of Corporate Governance & Risk Management2.83yrsno datano data
Apinat Mekloi
Head of Information Technologyno datano datano data
Waranya Intarapiroj
Head of Purchasingno datano datano data

2.8yrs

Average Tenure

51yo

Average Age

Experienced Management: 6TI's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chali Sophonpanich
Director15.42yrs฿1.52mno data
Chatchaval Jiaravanon
Independent Director16.33yrs฿1.64mno data
Panote Sirivadhanabhakdi
Director3.58yrs฿1.73mno data
Sithichai Chaikriangkrai
Director0.67yrno datano data
Chotiphat Bijananja
Director3.58yrs฿1.61mno data
Chai Vinichbutr
Director7.75yrs฿1.62mno data
Chainoi Puankosoom
Independent Chairman of the Board3.58yrs฿2.50mno data
Uten Lohachitpitaks
Director3.58yrs฿1.70mno data
Tithiphan Chuerboonchai
Independent Director3.33yrs฿1.91mno data

3.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 6TI's board of directors are considered experienced (3.6 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 been diluted in the past year, with total shares outstanding growing by 15%.


Top Shareholders

Company Information

Frasers Property (Thailand) Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Frasers Property (Thailand) Public Company Limited
  • Ticker: 6TI
  • Exchange: BST
  • Founded: 1990
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: ฿25.976b
  • Listing Market Cap: ฿705.921m
  • Shares outstanding: 2.32b
  • Website: https://www.frasersproperty.co.th

Location

  • Frasers Property (Thailand) Public Company Limited
  • No. 944 Mitrtown Office Tower
  • 22nd- 23rd Floor
  • Bangkok
  • 10330
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FPT-FTHAMSE (Bangkok-Alien Market Stock Exchange)THB1 (ALIEN)THTHBJun 2002
FPTSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBJun 2002
FPT-RSET (The Stock Exchange of Thailand)THB1(NVDR)THTHBJun 2002
6TIBST (Boerse-Stuttgart)THB1 (ALIEN)DEEURJun 2002

Biography

Frasers Property (Thailand) Public Company Limited, together with its subsidiaries, primarily develops industrial real estate properties in Thailand. The company develops, rents, and sells factories and wa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 03:57
End of Day Share Price2020/08/14 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.