Golden Land Property Development Public Company Limited, together with its subsidiaries, engages in property development business in Thailand.
Adequate balance sheet and fair value.
Share Price & News
How has Golden Land Property Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GL6B has not had significant price volatility in the past 3 months.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: GL6B underperformed the German Real Estate industry which returned 11.3% over the past year.
Return vs Market: GL6B underperformed the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Golden Land Property Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Golden Land Property Development undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GL6B (€0.2) is trading above our estimate of fair value (€0.09)
Significantly Below Fair Value: GL6B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GL6B is good value based on its PE Ratio (8.8x) compared to the Real Estate industry average (14.5x).
PE vs Market: GL6B is good value based on its PE Ratio (8.8x) compared to the German market (21x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GL6B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GL6B is good value based on its PB Ratio (1x) compared to the DE Real Estate industry average (1.5x).
How is Golden Land Property Development forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Golden Land Property Development has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Golden Land Property Development is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Golden Land Property Development competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Golden Land Property Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GL6B has a high level of non-cash earnings.
Growing Profit Margin: GL6B's current net profit margins (12.2%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: GL6B's earnings have grown significantly by 33.3% per year over the past 5 years.
Accelerating Growth: GL6B's earnings growth over the past year (7.3%) is below its 5-year average (33.3% per year).
Earnings vs Industry: GL6B earnings growth over the past year (7.3%) underperformed the Real Estate industry 7.5%.
Return on Equity
High ROE: GL6B's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
How is Golden Land Property Development's financial position?
Financial Position Analysis
Short Term Liabilities: GL6B's short term assets (฿37.0B) exceed its short term liabilities (฿15.8B).
Long Term Liabilities: GL6B's short term assets (฿37.0B) exceed its long term liabilities (฿17.3B).
Debt to Equity History and Analysis
Debt Level: GL6B's debt to equity ratio (126.2%) is considered high.
Reducing Debt: GL6B's debt to equity ratio has reduced from 145.6% to 126.2% over the past 5 years.
Debt Coverage: GL6B's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GL6B's interest payments on its debt are well covered by EBIT (43.4x coverage).
Inventory Level: GL6B has a high level of physical assets or inventory.
Debt Coverage by Assets: GL6B's debt is covered by short term assets (assets are 1.7x debt).
What is Golden Land Property Development's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GL6B's dividend (6.04%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: GL6B's dividend (6.04%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GL6B has been paying a dividend for less than 10 years.
Growing Dividend: GL6B's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.1%), GL6B's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Thanapol Sirithanachai (52yo)
Mr. Thanapol Sirithanachai serves as the President at Golden Land Property Development Public Company Limited and has been its Company Secretary since December 1, 2016. Mr. Sirithanachai served as the Mana ...
|President & Director||0yrs||฿476.00k||no data|
|Vice Chairman of the Board||7yrs||฿1.46m||no data|
|Independent Chairman of the Board||7.2yrs||฿1.62m||no data|
|Independent Director||7.2yrs||฿1.56m||no data|
Experienced Board: GL6B's board of directors are considered experienced (7.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Golden Land Property Development Public Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Golden Land Property Development Public Company Limited
- Ticker: GL6B
- Exchange: BST
- Founded: 1978
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: ฿18.474b
- Listing Market Cap: ฿538.564m
- Shares outstanding: 2.32b
- Website: https://www.goldenland.co.th
- Golden Land Property Development Public Company Limited
- Mitrtown Office Tower
- 20th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GOLD||SET (The Stock Exchange of Thailand)||Yes||Ordinary Shares||TH||THB||Apr 1994|
|GL6B||BST (Boerse-Stuttgart)||THB4.747052(ALIEN MKT)||DE||EUR||Jul 1995|
|GOLD-R||SET (The Stock Exchange of Thailand)||NON VTG DEP RCPT REP 1 ORD THB10||TH||THB||Aug 2001|
|NVAF||DB (Deutsche Boerse AG)||NON VTG DEP RCPT REP 1 ORD THB10||DE||EUR||Aug 2001|
Golden Land Property Development Public Company Limited, together with its subsidiaries, engages in property development business in Thailand. It operates through four segments: Real Estate Business, Rental and Commercial Building Business, Hotel Business, and Others. The company develops office buildings and residential buildings. It also engages in the rental and commercial building, hotel, and golf course businesses. The company was founded in 1978 and is based in Bangkok, Thailand. Golden Land Property Development Public Company Limited is a subsidiary of Frasers Property (Thailand) Public Company Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 21:35|
|End of Day Share Price||2020/02/21 00:00|
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.