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Golden Land Property Development

BST:GL6B
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GL6B
BST
฿19B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Golden Land Property Development Public Company Limited, together with its subsidiaries, engages in property development business in Thailand. The last earnings update was 40 days ago. More info.


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GL6B Share Price and Events
7 Day Returns
-1%
BST:GL6B
0.7%
DE Real Estate
2.1%
DE Market
1 Year Returns
-12.3%
BST:GL6B
18.3%
DE Real Estate
-7.6%
DE Market
GL6B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Golden Land Property Development (GL6B) -1% 5.8% 17% -12.3% 38.9% 40.8%
DE Real Estate 0.7% 2.7% 6.6% 18.3% 47.8% 152.1%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • GL6B underperformed the Real Estate industry which returned 18.3% over the past year.
  • GL6B underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
GL6B
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Golden Land Property Development's competitors could be found in our database.

GL6B Value

 Is Golden Land Property 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 Golden Land Property 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 Golden Land Property Development.

BST:GL6B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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:GL6B
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 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.105 (1 + (1- 20%) (75.33%))
1.517
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.517 * 5.96%)
9.27%

Discounted Cash Flow Calculation for BST:GL6B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Golden Land Property 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:GL6B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 9.27%)
2019 1,336.00 Analyst x1 1,222.67
2020 1,337.00 Analyst x1 1,119.79
2021 1,338.61 Est @ 0.12% 1,026.04
2022 1,340.66 Est @ 0.15% 940.44
2023 1,343.01 Est @ 0.18% 862.18
2024 1,345.58 Est @ 0.19% 790.55
2025 1,348.30 Est @ 0.2% 724.95
2026 1,351.13 Est @ 0.21% 664.85
2027 1,354.04 Est @ 0.22% 609.77
2028 1,357.01 Est @ 0.22% 559.26
Present value of next 10 years cash flows ฿8,520.52
BST:GL6B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿1,357.01 × (1 + 0.23%) ÷ (9.27% – 0.23%)
฿15,043.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿15,043.91 ÷ (1 + 9.27%)10
฿6,200.06
BST:GL6B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿8,520.52 + ฿6,200.06
฿14,720.58
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿14,720.58 / 2,323.72
฿6.33
BST:GL6B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:GL6B represents 0.02395x of SET:GOLD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02395x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 6.33 x 0.02395
€0.15
Value per share (EUR) From above. €0.15
Current discount Discount to share price of €0.20
= -1 x (€0.20 - €0.15) / €0.15
-31.8%

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

  • The current share price of Golden Land Property Development 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 Golden Land Property Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golden Land Property Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:GL6B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in THB ฿0.84
SET:GOLD Share Price ** SET (2019-03-19) in THB ฿8.35
Germany Real Estate Industry PE Ratio Median Figure of 31 Publicly-Listed Real Estate Companies 14x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

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

** Primary Listing of Golden Land Property Development.

BST:GL6B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 8.35 ÷ 0.84

9.94x

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

  • Golden Land Property Development is good value based on earnings compared to the DE Real Estate industry average.
  • Golden Land Property Development is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Golden Land Property Development's expected growth come at a high price?
Raw Data
BST:GL6B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
16.6%per year
Germany Real Estate Industry PEG Ratio Median Figure of 18 Publicly-Listed Real Estate Companies 0.14x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

BST:GL6B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.94x ÷ 16.6%

0.6x

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

  • Golden Land Property Development is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Golden Land Property Development's assets?
Raw Data
BST:GL6B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in THB ฿7.16
SET:GOLD Share Price * SET (2019-03-19) in THB ฿8.35
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.39x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
BST:GL6B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.35 ÷ 7.16

1.17x

* Primary Listing of Golden Land Property Development.

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

  • Golden Land Property Development is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Golden Land Property 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. Golden Land Property 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.

GL6B Future Performance

 How is Golden Land Property Development expected to perform in the next 1 to 3 years based on estimates from 2 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
16.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golden Land Property Development expected to grow at an attractive rate?
  • Golden Land Property Development's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Golden Land Property Development's earnings growth is expected to exceed the Germany market average.
  • Golden Land Property Development's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:GL6B Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:GL6B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 16.6%
BST:GL6B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 14%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -6.4%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:GL6B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:GL6B Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 23,448 3,139 1
2020-09-30 21,408 3,767 2,739 2
2019-09-30 18,675 2,006 2,345 1
BST:GL6B Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2018-12-31 15,835 -5,900 1,952
2018-09-30 15,782 -4,480 2,110
2018-06-30 15,179 -1,554 2,335
2018-03-31 14,593 -1,371 2,127
2017-12-31 13,437 -971 1,710
2017-09-30 12,149 -1,561 1,203
2017-06-30 11,764 -2,076 1,085
2017-03-31 11,383 -2,202 1,150
2016-12-31 10,768 4,549 1,046
2016-09-30 10,860 6,667 1,228
2016-06-30 10,002 8,030 985
2016-03-31 9,241 9,381 734

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Golden Land Property Development's earnings are expected to grow by 16.6% yearly, however this is not considered high growth (20% yearly).
  • Golden Land Property Development's revenue is expected to grow by 14% 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:GL6B 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 2 Analyst Estimates (S&P Global) See Below

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

BST:GL6B Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 1.35 1.35 1.35 1.00
2020-09-30 1.18 1.22 1.14 2.00
2019-09-30 1.02 1.02 1.02 1.00
BST:GL6B Past Financials Data
Date (Data in THB Millions) EPS *
2018-12-31 0.84
2018-09-30 0.91
2018-06-30 1.01
2018-03-31 0.92
2017-12-31 0.74
2017-09-30 0.52
2017-06-30 0.47
2017-03-31 0.49
2016-12-31 0.46
2016-09-30 0.58
2016-06-30 0.50
2016-03-31 0.41

*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.
  • Golden Land Property Development is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Golden Land Property 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.
Golden Land Property Development has a total score of 3/6, 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.

GL6B Past Performance

  How has Golden Land Property 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 Golden Land Property 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.
  • Golden Land Property Development has delivered over 20% year on year earnings growth in the past 5 years.
  • Golden Land Property Development's 1-year earnings growth is less than its 5-year average (14.1% vs 51.1%)
  • Golden Land Property Development's earnings growth has exceeded the DE Real Estate industry average in the past year (14.1% vs 2.5%).
Earnings and Revenue History
Golden Land Property 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 Golden Land Property Development Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:GL6B Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 15,834.64 1,951.97 2,599.63
2018-09-30 15,782.14 2,109.61 2,476.10
2018-06-30 15,178.85 2,335.45 2,361.15
2018-03-31 14,592.92 2,126.58 2,253.61
2017-12-31 13,436.91 1,710.42 2,221.08
2017-09-30 12,148.99 1,202.53 2,327.91
2017-06-30 11,763.84 1,084.59 2,412.62
2017-03-31 11,383.46 1,149.78 2,363.92
2016-12-31 10,767.84 1,046.30 2,088.12
2016-09-30 10,860.14 1,227.91 2,165.78
2016-06-30 10,001.95 984.72 2,016.15
2016-03-31 9,240.83 734.41 1,974.32
2015-12-31 8,568.01 661.47 1,810.53
2015-09-30 7,450.75 288.03 1,692.16
2015-06-30 6,481.79 232.22 1,489.24
2015-03-31 5,189.19 407.23 1,229.18
2014-12-31 4,099.18 334.59 1,039.86
2014-09-30 2,709.60 213.57 745.62
2014-06-30 2,099.29 62.54 616.63
2014-03-31 1,746.40 -298.54 550.23
2013-12-31 1,577.45 -430.43 524.84
2013-09-30 1,556.06 -481.59 329.46
2013-06-30 1,420.90 -530.36 352.72
2013-03-31 1,783.20 -492.36 441.74
2012-12-31 1,656.07 -566.25 457.44
2012-09-30 1,449.60 -438.04 553.75
2012-06-30 1,627.50 -321.84 549.17
2012-03-31 1,212.72 -294.51 465.86

*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.
  • Golden Land Property Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Golden Land Property Development used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Golden Land Property Development has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Golden Land Property 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.
Golden Land Property 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.

GL6B Health

 How is Golden Land Property 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 Golden Land Property Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golden Land Property Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Golden Land Property Development's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Golden Land Property 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 2x 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 Golden Land Property Development Company Filings, last reported 2 months ago.

BST:GL6B Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 16,346.19 14,617.25 1,150.47
2018-09-30 15,889.70 12,134.40 1,027.19
2018-06-30 15,359.92 10,471.49 994.41
2018-03-31 14,859.92 9,290.15 796.30
2017-12-31 14,977.09 6,798.13 735.92
2017-09-30 14,363.74 6,008.40 915.83
2017-06-30 13,873.45 6,132.38 843.77
2017-03-31 14,116.85 5,005.02 587.04
2016-12-31 13,813.84 4,755.94 592.09
2016-09-30 13,708.90 3,204.46 566.64
2016-06-30 13,334.86 2,691.24 904.67
2016-03-31 13,221.12 4,163.20 3,472.44
2015-12-31 7,923.50 10,307.87 235.20
2015-09-30 7,718.92 10,099.87 208.75
2015-06-30 7,501.56 10,287.55 228.08
2015-03-31 7,434.10 10,490.35 172.85
2014-12-31 7,362.34 10,723.85 157.47
2014-09-30 7,370.15 4,947.70 200.53
2014-06-30 7,333.00 4,016.38 292.09
2014-03-31 5,968.29 5,161.92 1,256.34
2013-12-31 5,886.87 4,404.32 168.09
2013-09-30 5,964.69 3,954.82 201.88
2013-06-30 5,963.33 3,300.86 180.90
2013-03-31 5,790.56 3,497.47 474.12
2012-12-31 5,939.85 3,578.57 332.98
2012-09-30 6,338.10 3,719.00 604.95
2012-06-30 6,465.51 3,821.59 774.08
2012-03-31 6,538.09 4,008.77 706.42
  • Golden Land Property Development's level of debt (89.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74.9% vs 89.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 53.4x coverage).
X
Financial health checks
We assess Golden Land Property 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. Golden Land Property Development has a total score of 3/6, 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.

GL6B Dividends

 What is Golden Land Property 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
5.51%
Current annual income from Golden Land Property Development dividends. Estimated to be 7.1% next year.
If you bought €2,000 of Golden Land Property Development shares you are expected to receive €110 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?
  • Golden Land Property Development's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Golden Land Property Development's dividend is above the markets top 25% of dividend payers in Germany (3.83%).
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:GL6B 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 2 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 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:GL6B Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.68 1.00
2020-09-30 0.59 2.00
2019-09-30 0.51 1.00
BST:GL6B Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2018-11-21 0.460 5.973
2017-11-24 0.250 2.598
2017-02-24 0.230 2.968
2017-01-16 0.230 2.999
2016-02-24 0.100 1.580
2015-11-09 0.100 1.588
2010-11-10 0.000 0.000
2010-08-11 0.000 0.000
2010-05-17 0.000 0.000
2010-03-02 0.000 0.000
2009-03-23 0.050 2.338

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Golden Land Property Development's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Golden Land Property 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 Golden Land Property Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Golden Land Property Development has a total score of 6/6, see the detailed checks below.


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

GL6B Management

 What is the CEO of Golden Land Property 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
Thanapol Sirithanachai
COMPENSATION ฿263,000
AGE 51
CEO Bio

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 Managing Director of Univentures Public Company Limited. He served as Secretary to the Board of Univentures Public Company Limited. He served as a Senior Vice President of Bank of Asia Public Company Limited from 2001 to 2003. He also served as Executive Vice President - Business Development and Acquisitions Department of Sansiri Public Company Limited from 1998 to 2001. He serves as a Director of Grand Unity Development Co., Ltd. and Univentures Asset Management Co., Ltd. He serves as a Director of Golden Land Property Development Public Company Limited. He serves as a Director of Lertrattakarn Company Limited, ESCO Ventures Company Limited, Prinventures Company Limited, Kinnaree Property Fund, S.U.N. Management Company Limited, Grand U Living Company Limited, Univentures Consulting Company Limited, Forward System Limited and Thai - Lysaght Company Limited. He served as an Independent Director of Bangkok First Investment & Trust Public Company Limited from April 2012 to December 13, 2016. He served as Executive Director at Univentures Public Company Limited since June 10, 2003. He served as a Director of Univentures Public Company Limited until May 13, 2016. He served as a Director of Sansiri Venture Company Limited. He holds Master of Business Administration from University of Texas at Austin, U.S.A. and has completed Directors Certification Program and Directors Accreditation Program.

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

Thanapol Sirithanachai

TITLE
President & Director
COMPENSATION
฿263K
AGE
51

Somboon Wasinchutchawal

TITLE
Senior Executive Vice President of Finance & Accounting
COMPENSATION
฿40K
AGE
55

Prasnee Surastian

TITLE
Executive VP of Corporate Strategy & Investment and Company Secretary
AGE
49

Nattchathorn Wongsurawat

TITLE
Chief Compliance Officer
TENURE
3.3 yrs

Saenphin Sukhee

TITLE
Executive Managing Director
AGE
54

Withawat Koottatep

TITLE
Executive Vice President of Commercial Development
AGE
46

Theppasak Noppakornvisate

TITLE
First Executive Vice President of Accounting & Finance
AGE
50

Thiranant Kornsritipa

TITLE
Executive Vice President of Retail Business Development
AGE
51

Nopparat Yodpetch

TITLE
Chief Internal Auditor
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Golden Land Property Development board of directors in years:

6.3
Average Tenure
56
Average Age
  • The tenure for the Golden Land Property Development board of directors is about average.
Board of Directors

Wanchai Sarathulthat

TITLE
Chairman of the Board
COMPENSATION
฿858K
AGE
71
TENURE
6.3 yrs

Thanapol Sirithanachai

TITLE
President & Director
COMPENSATION
฿263K
AGE
51
TENURE
6.3 yrs

Panote Sirivadhanabhakdi

TITLE
Vice Chairman of the Board
COMPENSATION
฿883K
AGE
41
TENURE
6.1 yrs

Chainoi Puankosoom

TITLE
Independent Director
COMPENSATION
฿1M
AGE
67
TENURE
6.3 yrs

Sithichai Chaikriangkrai

TITLE
Director
COMPENSATION
฿749K
AGE
64
TENURE
6.3 yrs

Udom Puasakul

TITLE
Independent Director
COMPENSATION
฿839K
AGE
66
TENURE
6.3 yrs

Chotiphat Bijananda

TITLE
Director
COMPENSATION
฿515K
AGE
55
TENURE
5.9 yrs

Thapana Sirivadhanabhakdi

TITLE
Non-Executive Director
COMPENSATION
฿515K
AGE
43
TENURE
5.9 yrs

Chinnavat Chinsangaram

TITLE
Independent Director
COMPENSATION
฿857K
AGE
56
TENURE
4.5 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 Golden Land Property 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. Golden Land Property 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.

GL6B News

Simply Wall St News

GL6B Company Info

Description

Golden Land Property Development Public Company Limited, together with its subsidiaries, engages in property development business in Thailand. The company 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.

Details
Name: Golden Land Property Development Public Company Limited
GL6B
Exchange: BST
Founded: 1978
฿538,213,439
2,323,720,000
Website: http://www.goldenland.co.th
Address: Golden Land Property Development Public Company Limited
Sathorn Square Office Tower,
36th Floor,
Bangkok,
10500,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET GOLD Ordinary Shares The Stock Exchange of Thailand TH THB 14. Apr 1994
BST GL6B THB4.747052(ALIEN MKT) Boerse-Stuttgart DE EUR 03. Jul 1995
SET GOLD-R NON VTG DEP RCPT REP 1 ORD THB10 The Stock Exchange of Thailand TH THB 20. Aug 2001
DB NVAF NON VTG DEP RCPT REP 1 ORD THB10 Deutsche Boerse AG DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Golden Land Property Development employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 21:20
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.