MODERN-R Stock Overview

Engages in the manufacture and distribution of residential and office furniture in Thailand. More details

MODERN-R fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 91.8% below our estimate of its fair value

Earnings grew by 31.2% over the past year

Risk Analysis

Earnings have declined by 26.6% per year over past 5 years

Unstable dividend track record

Does not have a meaningful market cap (THB2B)

My Notes

Capture your thoughts, links and company narrative

Modernform Group Public Company Limited Competitors

Bangkok Dec-Con

SET:BKD

฿1.5b

Fancy Wood Industries

SET:FANCY

฿221.4m

Function International

SET:FTI

฿936.0m

CL Venture

SET:KOOL

฿706.9m

Price History & Performance

Summary of share price highs, lows and changes for Modernform Group
Historical stock prices
Current Share Price	฿2.28
52 Week High	฿2.90
52 Week Low	฿2.16
Beta	0.42
1 Month Change	-10.94%
3 Month Change	-12.31%
1 Year Change	-8.80%
3 Year Change	-40.00%
5 Year Change	-10.24%
Change since IPO	47.10%

Recent updates

Shareholder Returns

	MODERN-R	TH Consumer Durables	TH Market
7D	-7.3%	-3.5%	-4.7%
1Y	-8.8%	-17.4%	-3.4%

Return vs Industry: MODERN-R exceeded the TH Consumer Durables industry which returned -17.4% over the past year.

Return vs Market: MODERN-R underperformed the TH Market which returned -3.4% over the past year.

Price Volatility

Is MODERN-R's price volatile compared to industry and market?
MODERN-R volatility
MODERN-R Average Weekly Movement	3.5%
Consumer Durables Industry Average Movement	4.0%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: MODERN-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: MODERN-R's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1930	n/a	Kitipat Nerngchamnong	www.modernform.co.th

Modernform Group Public Company Limited engages in the manufacture and distribution of residential and office furniture in Thailand. It operates through four segments: Furniture Business, Furniture Fitting and Other Materials Business, Rental and Service Business, and Architectural Design and Construction Business. The company offers office, home, and kitchen furniture; and steel case, walk-in closet and storage, and hardware and fitting furniture.

Modernform Group Public Company Limited Fundamentals Summary

How do Modernform Group's earnings and revenue compare to its market cap?
MODERN-R fundamental statistics
Market cap	฿1.57b
Earnings (TTM)	฿89.51m
Revenue (TTM)	฿2.40b

17.6x

P/E Ratio

0.7x

P/S Ratio

Is MODERN-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MODERN-R income statement (TTM)
Revenue	฿2.40b
Cost of Revenue	฿1.57b
Gross Profit	฿831.80m
Other Expenses	฿742.29m
Earnings	฿89.51m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.13
Gross Margin	34.66%
Net Profit Margin	3.73%
Debt/Equity Ratio	10.0%

How did MODERN-R perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

75%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 22:58
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Modernform Group Public Company Limited is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jitra Amornthum	Finansia Syrus Securities Public Company Limited
Nat Panassutrakorn	KGI Securities Co. Ltd.
Phornsri Laysanitsaerekul	KT Zmico Research