The Erawan Group Public Company Limited

SET:ERW Stock Report

Market Cap: ฿14.7b

Erawan Group Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Youssef Khomri

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure3.4yrs
CEO ownershipn/a
Management average tenure2.1yrs
Board average tenure14.5yrs

Recent management updates

Recent updates

Narrative Update • Jun 17

ERW: Stable Fair Value And Refined Assumptions Will Support Future Upside

Analysts have adjusted their valuation framework for Erawan Group, keeping the fair value estimate steady at THB4.72 while making small technical updates to the discount rate, revenue growth, profit margin and future P/E assumptions that refine, rather than redefine, their price target view. What's in the News for Erawan Group No recent news stories for Erawan Group are available from the provided sources as of 16 Jun 2026.
Narrative Update • Jun 03

ERW: Cash Dividend And Lower Discount Rate Will Support Future Upside

Analysts have modestly adjusted their price target on Erawan Group to THB4.72. This reflects slightly lower assumed revenue growth, a small change in profit margins, a marginally different forward P/E of 28.30, and a slightly reduced discount rate in their models.
Narrative Update • May 20

ERW: Cash Dividend And Lower Discount Rate Will Support Future Upside

Analysts have slightly raised their THB price target for Erawan Group, citing updated assumptions around fair value, discount rates, revenue growth, profit margins, and future P/E that point to a modestly higher valuation outlook. What's in the News Board meeting scheduled for February 24, 2026, to consider a cash dividend payment, as notified to the Stock Exchange of Thailand (Key Developments) Annual dividend of THB 0.0700 per share announced, payable on May 27, 2026 (ex date March 10, 2026; record date March 11, 2026) (Key Developments) Valuation Changes Fair Value: THB 4.67236 to THB 4.71826, a small upward adjustment that slightly lifts the implied valuation range for the stock.
Narrative Update • May 04

ERW: Cash Dividend And Premium P E Multiple Will Support Future Upside

Analysts have trimmed their fair value estimate for Erawan Group to THB4.67 from THB4.74, reflecting slightly higher discount rate assumptions and a more cautious view on future profit margins, even as revenue growth expectations and forward P/E remain broadly aligned with prior forecasts. What's in the News A board meeting is scheduled for February 24, 2026, with an agenda to consider a cash dividend payment, as notified to the President of the Stock Exchange of Thailand (Key Developments).
Narrative Update • Apr 19

ERW: Dividend Policy And Premium P E Multiple Will Support Upside

Analysts have nudged their price target for Erawan Group slightly lower to THB4.74 from THB4.80, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting scheduled for February 24, 2026 to consider a cash dividend payment, as notified to the President of the Stock Exchange of Thailand (Key Developments).
Narrative Update • Apr 05

ERW: Higher Future P E And Dividend Outlook Will Support Upside Potential

Analysts have nudged their price target on Erawan Group slightly higher, reflecting updated assumptions that include a fair value shift from THB 4.69 to THB 4.74, a higher discount rate, and revised expectations for revenue growth, profit margin, and future P/E. What's in the News A board meeting is scheduled for February 24, 2026, with an agenda that includes considering a cash dividend payment, as disclosed to the Stock Exchange of Thailand (Key Developments).
Narrative Update • Mar 22

ERW: Dividend Plan And Slightly Higher P/E Assumption Will Support Upside Potential

Analysts have inched up their fair value estimate for Erawan Group to THB3.10 from THB3.00, citing slightly higher assumptions for revenue growth, profit margin and future P/E, along with an updated discount rate. What's in the News Board meeting scheduled for February 24, 2026, to consider a cash dividend payment, as disclosed to the Stock Exchange of Thailand (company filing).
Narrative Update • Mar 08

ERW: Higher Discount Rate And Dividend Plan Will Shape Balanced Outlook

Analysts have adjusted their view on Erawan Group, with the THB price target now reflecting a slightly higher discount rate, a more conservative revenue growth outlook, stronger projected profit margins, and a lower future P/E. Together, these factors point to a more earnings-focused rationale behind the updated valuation.
Narrative Update • Feb 22

ERW: Future Asoke Lease And Lower Discount Rate Signal Balanced Outlook

Analysts have raised their price target for Erawan Group, citing adjustments to fair value, discount rate, revenue, profit margin, and expected future P/E to support the higher THB valuation. What's in the News Board meeting scheduled for Nov 24, 2025 to consider a long term land lease agreement with Akkara Sarapa Company Limited, the landowner.
Narrative Update • Feb 07

ERW: Asoke Land Lease Will Support Future Margin Expansion And Upside Potential

Analysts have raised their fair value estimate for Erawan Group to ฿4.69 from ฿4.62, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations as the main drivers of the change. What's in the News Board meeting scheduled for Nov 24, 2025 to review and approve a long term land lease agreement with Akkara Sarapa Company Limited for a plot near BTS Asoke Station in Bangkok, covering 20 41.8 rai (Key Developments).
Narrative Update • Jan 24

ERW: Asoke Land Lease Will Support Future Margin Expansion And Upside Potential

Analysts have slightly adjusted their price target for Erawan Group, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Together, these factors point to a refined view of the stock's risk and earnings potential in monetary terms.
Narrative Update • Jan 10

ERW: Asoke Land Lease Will Support Future Margin Expansion And Upside Potential

Analysts have trimmed their price target for Erawan Group slightly, pointing to a modestly lower fair value per share of THB4.62 from THB4.66. This reflects a higher discount rate, a small adjustment to revenue growth assumptions, a higher future P/E multiple, and slightly softer profit margin expectations.
Narrative Update • Dec 26

ERW: Asoke Land Lease Will Support Future Margin Expansion And Upside Potential

Analysts have trimmed their price target on Erawan Group slightly to THB 4.66 from THB 4.71, citing modestly lower discount rate and revenue growth assumptions, a marginally improved profit margin outlook, and a slightly reduced expected future P E multiple. What's in the News Board approves entry into a long term land lease agreement with Akkara Sarapa Company Limited for a 20 41.8 rai plot near BTS Asoke Station in Bangkok, positioning the company for future development in a prime transit oriented location (Board Meeting disclosure).
Narrative Update • Dec 12

ERW: Long-Term Asoke Land Lease Will Support Margin Expansion

Analysts have nudged their price target on Erawan Group slightly higher to reflect a modest increase in fair value, supported by expectations of stronger profit margins and a marginally lower discount rate, despite tempering revenue growth and future P/E assumptions. What's in the News The board approved entry into a long-term land lease agreement with Akkara Sarapa Company Limited for a 20-41.8 rai plot near BTS Asoke Station in Bangkok, positioning the group for a new hospitality or mixed-use project in a prime transit location (Board Meeting filing).
User avatar
New Narrative • Jan 27

Holiday Inn Pattaya Renovation May Improve Occupancy But Profit Margins Could Shrink Amid Challenges

Revenue growth is likely to benefit from expansions in the mid-scale, luxury, and budget segments, along with effective yield management.

CEO

Youssef Khomri

3.4yrs
Tenure

Mr. Youssef EI Khomri serves as Director of The Erawan Group Public Company Limited. He served as an Executive Vice President of Group Hotel Operation Division at The Erawan Group Public Company Limited un...

Leadership Team

NamePositionTenureCompensationOwnership
Youssef Khomri
President & Director3.4yrsno datano data
Apinya Ngamapichon
CFO & EVP of Financial & Accounting Division2.2yrsno datano data
Jetiya Kitiyodom
Assistant Executive Vice President of Accounting Departmentno datano datano data
Arisna Rochanapruk
Senior VP of Sustainability Development1.4yrsno datano data
Sangjun Oranrittinun
Assistant Executive VP of Corporate Human Resources Divisionno datano datano data
Apichan Mapaisansin
Executive Vice President of Project Development & Management in Philippines Divisionno datano datano data
Navarat Tamsuwan
EVP of Property Dev.no datano data0.0061%
THB 900.2k
Renan Vigoureux
Senior VP of Hotel Business Strategyno datano datano data
Sebastian Salmon
Senior VP of Franchised Hotel Operation Divisionno datano datano data
Naroot Chankitisakoon
Senior VP of Digital Transformation Division2yrsno datano data
Kanokwan Thongsiwarugs
Ass. EVP of Internal Audit Div.no datano datano data
2.1yrs
Average Tenure

Experienced Management: ERW's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Youssef Khomri
President & Directorno datano datano data
Banyong Pongpanich
Independent Director21.6yrs฿496.00k0.12%
THB 17.5m
Supol Wattanavekin
Chairman of the Board21.6yrs฿491.20k7.08%
THB 1.0b
Chanin Vongkusolkit
Director21.6yrs฿612.00k4.17%
THB 611.9m
Panida Thepkanjana
Director35.4yrs฿522.40k0.15%
THB 21.9m
Kulpatra Sirodom
Independent Director9.2yrs฿587.40kno data
Pipat Luengnaruemitchai
Independent Director2.2yrs฿396.00kno data
Ekasith Jotikasthira
Independent Director17.2yrs฿610.00kno data
Gavin Vongkusolkit
Director14.5yrs฿823.60k0.0014%
THB 202.3k
Arada Vongkusolkit
Director9.2yrs฿724.00k0.023%
THB 3.3m
Supatchara Wattanavekin
Director2.2yrs฿520.00kno data
Amporn Kanjanakumnerd
Director1.2yrs฿216.00k0.0044%
THB 639.2k
14.5yrs
Average Tenure
67yo
Average Age

Experienced Board: ERW's board of directors are seasoned and experienced ( 14.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/23 01:44
End of Day Share Price 2026/06/23 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

The Erawan Group Public Company Limited is covered by 24 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Teerapol UdomvejBofA Global Research
Narumon EkasamutBualuang Securities PCL
Kalvalee ThongsomaungBualuang Securities PCL