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L.P.N. Development

BST:9LE
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9LE
BST
฿10B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

L.P.N. Development Public Company Limited and its affiliated companies carry on the business of real estate development aiming to sell and rent the developed projects, as offices and residential condominiums located in the Central Business District (CBD) of Bangkok and neighbouring provinces. The last earnings update was 10 days ago. More info.


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9LE Share Price and Events
7 Day Returns
0%
BST:9LE
0.5%
DE Real Estate
-0.2%
DE Market
1 Year Returns
-29.4%
BST:9LE
12.4%
DE Real Estate
-10.3%
DE Market
9LE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
L.P.N. Development (9LE) 0% -4.6% -8.2% -29.4% -47.1% -52%
DE Real Estate 0.5% 5.3% 3.8% 12.4% 47.8% 138.7%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 9LE underperformed the Real Estate industry which returned 12.4% over the past year.
  • 9LE underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
9LE
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for L.P.N. Development's competitors could be found in our database.

9LE Value

 Is L.P.N. Development 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 L.P.N. Development 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 L.P.N. Development.

BST:9LE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
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:9LE
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 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.989 (1 + (1- 20%) (56.43%))
1.292
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.292 * 5.96%)
7.93%

Discounted Cash Flow Calculation for BST:9LE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for L.P.N. Development 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:9LE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 7.93%)
2019 1,808.50 Analyst x2 1,675.67
2020 2,329.50 Analyst x2 1,999.86
2021 983.68 Analyst x3 782.46
2022 1,026.06 Analyst x1 756.22
2023 854.28 Est @ -16.74% 583.37
2024 754.74 Est @ -11.65% 477.54
2025 693.70 Est @ -8.09% 406.68
2026 654.91 Est @ -5.59% 355.74
2027 629.72 Est @ -3.85% 316.93
2028 613.19 Est @ -2.62% 285.95
Present value of next 10 years cash flows ฿7,640.41
BST:9LE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿613.19 × (1 + 0.23%) ÷ (7.93% – 0.23%)
฿7,982.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿7,982.41 ÷ (1 + 7.93%)10
฿3,722.39
BST:9LE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿7,640.41 + ฿3,722.39
฿11,362.80
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿11,362.80 / 1,454.20
฿7.81
BST:9LE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:9LE represents 0.02447x of SET:LPN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02447x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 7.81 x 0.02447
€0.19
Value per share (EUR) From above. €0.19
Current discount Discount to share price of €0.17
= -1 x (€0.17 - €0.19) / €0.19
13.6%

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

Current Discount
Amount off the current price L.P.N. Development is available for.
Intrinsic value
14%
Share price is €0.1652 vs Future cash flow value of €0.19124
Current Discount Checks
For L.P.N. Development to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • L.P.N. Development's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • L.P.N. Development's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 L.P.N. Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are L.P.N. Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:9LE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in THB ฿0.96
SET:LPN Share Price ** SET (2019-05-17) in THB ฿6.75
Germany Real Estate Industry PE Ratio Median Figure of 32 Publicly-Listed Real Estate Companies 16.04x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of L.P.N. Development.

BST:9LE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 6.75 ÷ 0.96

7x

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

  • L.P.N. Development is good value based on earnings compared to the DE Real Estate industry average.
  • L.P.N. Development is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does L.P.N. Development's expected growth come at a high price?
Raw Data
BST:9LE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
8.9%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 1.05x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

BST:9LE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7x ÷ 8.9%

0.78x

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

  • L.P.N. Development is good value based on expected growth next year.
Price based on value of assets
What value do investors place on L.P.N. Development's assets?
Raw Data
BST:9LE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in THB ฿8.64
SET:LPN Share Price * SET (2019-05-17) in THB ฿6.75
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.37x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
BST:9LE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.75 ÷ 8.64

0.78x

* Primary Listing of L.P.N. Development.

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

  • L.P.N. Development is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess L.P.N. Development'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. L.P.N. Development has a total score of 4/6, 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.

9LE Future Performance

 How is L.P.N. Development expected to perform in the next 1 to 3 years based on estimates from 13 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
8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is L.P.N. Development expected to grow at an attractive rate?
  • L.P.N. Development's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • L.P.N. Development's earnings growth is positive but not above the Germany market average.
  • L.P.N. Development's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:9LE Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:9LE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 8.9%
BST:9LE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 7.1%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -4.7%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:9LE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:9LE Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 14,704 1,932 1
2021-12-31 14,209 2,099 1,839 8
2020-12-31 12,944 1,746 1,631 13
2019-12-31 12,234 2,298 1,524 11
BST:9LE Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-03-31 11,598 1,314 1,419
2018-12-31 11,283 1,676 1,367
2018-09-30 9,862 -409 1,136
2018-06-30 9,917 116 1,046
2018-03-31 9,670 -615 1,045
2017-12-31 9,643 -788 1,062
2017-09-30 9,432 -692 1,049
2017-06-30 9,547 -1,316 1,156
2017-03-31 12,674 628 1,787
2016-12-31 14,629 2,210 2,176
2016-09-30 15,303 2,680 2,182
2016-06-30 18,877 5,453 2,883

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • L.P.N. Development's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
  • L.P.N. Development's revenue is expected to grow by 7.1% 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:9LE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from L.P.N. Development Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:9LE Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.31 1.31 1.31 1.00
2021-12-31 1.25 1.39 1.09 8.00
2020-12-31 1.10 1.27 0.93 13.00
2019-12-31 1.03 1.13 0.98 11.00
BST:9LE Past Financials Data
Date (Data in THB Millions) EPS *
2019-03-31 0.96
2018-12-31 0.93
2018-09-30 0.77
2018-06-30 0.71
2018-03-31 0.71
2017-12-31 0.72
2017-09-30 0.71
2017-06-30 0.78
2017-03-31 1.21
2016-12-31 1.47
2016-09-30 1.48
2016-06-30 1.95

*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.
  • L.P.N. Development is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess L.P.N. Development'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.
L.P.N. Development 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.

9LE Past Performance

  How has L.P.N. Development 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 L.P.N. Development'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.
  • L.P.N. Development's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • L.P.N. Development's 1-year earnings growth exceeds its 5-year average (35.7% vs -14.6%)
  • L.P.N. Development's earnings growth has exceeded the DE Real Estate industry average in the past year (35.7% vs 5.1%).
Earnings and Revenue History
L.P.N. Development'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 L.P.N. Development Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:9LE 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 11,597.63 1,418.93 1,937.84
2018-12-31 11,282.50 1,367.27 1,783.06
2018-09-30 9,862.17 1,135.52 1,553.01
2018-06-30 9,916.69 1,045.82 1,525.74
2018-03-31 9,670.43 1,045.47 1,477.96
2017-12-31 9,642.52 1,062.32 1,457.58
2017-09-30 9,431.82 1,049.41 1,456.03
2017-06-30 9,547.27 1,156.20 1,506.94
2017-03-31 12,674.06 1,787.20 1,752.69
2016-12-31 14,628.85 2,176.23 1,867.01
2016-09-30 15,302.69 2,181.53 2,020.31
2016-06-30 18,876.78 2,883.01 2,200.15
2016-03-31 18,894.88 2,825.54 2,191.46
2015-12-31 16,662.17 2,413.40 2,065.61
2015-09-30 17,800.13 2,868.25 1,994.54
2015-06-30 15,302.76 2,418.29 1,840.87
2015-03-31 12,631.18 1,962.85 1,656.08
2014-12-31 12,944.81 2,021.42 1,679.30
2014-09-30 12,695.63 1,832.45 1,664.24
2014-06-30 12,620.35 1,885.87 1,648.85
2014-03-31 14,410.49 2,319.16 1,755.91
2013-12-31 14,388.38 2,328.58 1,778.51
2013-09-30 17,228.50 3,018.52 1,928.05
2013-06-30 16,875.05 2,946.44 1,910.56
2013-03-31 13,682.55 2,294.34 1,647.15
2012-12-31 13,357.27 2,229.09 1,546.94
2012-09-30 7,368.23 1,047.48 1,173.26
2012-06-30 9,408.23 1,378.05 1,230.87

*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.
  • L.P.N. Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • L.P.N. Development used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • L.P.N. Development's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess L.P.N. Development'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.
L.P.N. Development has a total score of 3/6, 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.

9LE Health

 How is L.P.N. Development'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 L.P.N. Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • L.P.N. Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • L.P.N. Development's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of L.P.N. Development'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 covered by short term assets, assets are 3.3x 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 L.P.N. Development Company Filings, last reported 1 month ago.

BST:9LE Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12,600.06 5,538.67 613.47
2018-12-31 12,934.64 5,250.46 421.82
2018-09-30 12,447.39 6,753.47 401.33
2018-06-30 12,443.59 6,281.26 936.30
2018-03-31 12,195.65 6,075.15 856.95
2017-12-31 12,413.81 6,122.78 466.00
2017-09-30 12,118.04 5,712.35 634.33
2017-06-30 12,135.90 6,330.57 973.66
2017-03-31 11,843.85 4,520.25 1,070.48
2016-12-31 12,410.63 4,308.76 621.48
2016-09-30 12,127.36 3,940.88 727.33
2016-06-30 12,259.89 2,993.79 1,062.30
2016-03-31 11,401.45 3,812.97 1,221.97
2015-12-31 11,581.25 5,142.76 758.24
2015-09-30 11,294.30 5,620.81 1,246.34
2015-06-30 10,725.97 7,064.12 1,277.04
2015-03-31 10,700.50 7,221.22 1,054.56
2014-12-31 10,408.38 6,569.21 1,113.46
2014-09-30 9,665.49 6,815.98 796.16
2014-06-30 9,488.10 6,370.33 916.19
2014-03-31 9,121.18 6,106.08 1,848.56
2013-12-31 9,625.80 5,288.62 1,191.57
2013-09-30 9,091.68 5,056.71 1,411.79
2013-06-30 8,860.85 4,331.80 1,266.89
2013-03-31 8,060.67 4,291.12 1,232.97
2012-12-31 8,481.71 2,844.83 1,167.63
2012-09-30 7,130.26 4,850.73 949.60
2012-06-30 6,926.28 4,364.69 626.23
  • L.P.N. Development's level of debt (44%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (66.9% vs 44% today).
  • Debt is well covered by operating cash flow (23.7%, greater than 20% of total debt).
  • L.P.N. Development earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess L.P.N. Development'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. L.P.N. Development has a total score of 5/6, 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.

9LE Dividends

 What is L.P.N. Development'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
8.89%
Current annual income from L.P.N. Development dividends. Estimated to be 9.89% next year.
If you bought €2,000 of L.P.N. Development shares you are expected to receive €178 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?
  • L.P.N. Development's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • L.P.N. Development's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
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:9LE 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 13 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

BST:9LE Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.79 1.00
2021-12-31 0.72 8.00
2020-12-31 0.66 12.00
2019-12-31 0.63 11.00
BST:9LE Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.600 8.708
2018-08-09 0.550 6.734
2018-02-14 0.500 4.885
2017-08-10 0.750 6.155
2017-02-09 0.900 7.655
2016-02-11 0.900 7.305
2015-08-06 0.840 5.152
2015-02-12 0.800 4.483
2014-08-08 0.840 3.743
2014-02-13 0.840 4.707
2013-08-08 0.790 4.275
2013-02-14 0.760 3.210
2012-05-03 0.650 3.628
2012-02-17 0.650 4.211
2011-05-06 0.560 5.044
2011-02-17 0.560 5.754
2010-08-05 0.520 5.479
2010-05-10 0.500 6.169
2010-02-18 0.500 7.209
2009-08-07 0.432 6.348

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of L.P.N. Development's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess L.P.N. Development'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 L.P.N. Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. L.P.N. Development has a total score of 5/6, see the detailed checks below.


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

9LE Management

 What is the CEO of L.P.N. Development'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
Opas Sripayak
COMPENSATION ฿0
AGE 55
TENURE AS CEO 1.3 years
CEO Bio

Mr. Opas Sripayak serves as Chief Executive Officer of L.P.N. Development Public Company Limited (“L.P.N. Development”) since January 11, 2018 and Managing Director and Executive Director since March 30, 2018. Mr. Sripayak was the Executive Director and Managing Director of L.P.N. Development from April 2006 to January 11, 2018. He was a Director of L.P.N. Development since 2006. He has been the Director of Lumpini Property Service and Care Co., Ltd. since 2011. He was the Assistant Managing Director and Manager of Research and Development Department at Lumpini Property Management Co. He also served as Manager of Sales Department and Customer Services Department at L.P.N. Development. He complete his training in Finance for Non-Finance Directors (FND 24/2005) and Directors Certification Program (DCP 71/2006) from the Thai Institute of Directors Association (IOD). He serves as Director of L.P.N. Development Public Company Limited since 2006. He earned his Bachelor of Architecture from Silpakorn University and Mini M.B.A. from Thammasat University.

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

Average tenure and age of the L.P.N. Development management team in years:

1.1
Average Tenure
64
Average Age
  • The average tenure for the L.P.N. Development management team is less than 2 years, this suggests a new team.
Management Team

Opas Sripayak

TITLE
CEO, MD & Executive Director
AGE
55
TENURE
1.3 yrs

Tikhamporn Plengsrisuk

TITLE
Vice Chairman
COMPENSATION
฿893K
AGE
68
TENURE
1.3 yrs

Apichart Kasemkulsiri

TITLE
CFO & Executive Director
AGE
51
TENURE
1 yrs

Yupa Techakraisri

TITLE
Deputy MD & Executive Director
COMPENSATION
฿565K
AGE
68

Pichet Supakijjanusan

TITLE
Deputy MD & Executive Director
COMPENSATION
฿678K
AGE
68

Kumpee Chongthurakit

TITLE
Executive Director
COMPENSATION
฿565K
AGE
64

Surawut Sukcharoensin

TITLE
Executive Director & Chief Strategy Officer
AGE
42
TENURE
1 yrs

Suriya Suriyabhivadh

TITLE
Investor Relations Manager

Thawatchai Worradilok

TITLE
Director of Legal Department

Phanphen Saengchanpakdee

TITLE
Deputy Managing Director of Sales Management Department
Board of Directors Tenure

Average tenure and age of the L.P.N. Development board of directors in years:

13.3
Average Tenure
68
Average Age
  • The average tenure for the L.P.N. Development board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Amornsuk Noparumpa

TITLE
Chairman of the Board
COMPENSATION
฿2M
AGE
73
TENURE
14.3 yrs

Opas Sripayak

TITLE
CEO, MD & Executive Director
AGE
55
TENURE
13.3 yrs

Vudhiphol Suriyabhivadh

TITLE
Vice Chairman of the Board
COMPENSATION
฿2M
AGE
73

Tikhamporn Plengsrisuk

TITLE
Vice Chairman
COMPENSATION
฿893K
AGE
68
TENURE
1.2 yrs

Apichart Kasemkulsiri

TITLE
CFO & Executive Director
AGE
51
TENURE
1 yrs

Yupa Techakraisri

TITLE
Deputy MD & Executive Director
COMPENSATION
฿565K
AGE
68
TENURE
30.3 yrs

Pichet Supakijjanusan

TITLE
Deputy MD & Executive Director
COMPENSATION
฿678K
AGE
68
TENURE
30.3 yrs

Kumpee Chongthurakit

TITLE
Executive Director
COMPENSATION
฿565K
AGE
64
TENURE
30.3 yrs

Surawut Sukcharoensin

TITLE
Executive Director & Chief Strategy Officer
AGE
42
TENURE
1 yrs

Khantachai Vichakkhana

TITLE
Independent Director
COMPENSATION
฿1M
AGE
70
TENURE
4.8 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 L.P.N. Development'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. L.P.N. Development 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.

9LE News

Simply Wall St News

9LE Company Info

Description

L.P.N. Development Public Company Limited and its affiliated companies carry on the business of real estate development aiming to sell and rent the developed projects, as offices and residential condominiums located in the Central Business District (CBD) of Bangkok and neighbouring provinces. These offices and residential condominiums initially developed are dominated by high-rise and huge buildings.

Details
Name: L.P.N. Development Public Company Limited
9LE
Exchange: BST
Founded: 1989
฿276,224,691
1,454,198,768
Website: http://www.lpn.co.th
Address: L.P.N. Development Public Company Limited
1168/109, Lumpini Tower,
36th Floor, Rama 4 Road,
Bangkok,
10120,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET LPN Ordinary Shares The Stock Exchange of Thailand TH THB 17. Jul 1995
SET LPN-R THB1(NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
BST 9LE THB1(NVDR) Boerse-Stuttgart DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
3,461
L.P.N. Development employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 22:17
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/09
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.