Ananda Development Public Company Limited

SET:ANAN Stock Report

Market Cap: ฿2.6b

Ananda Development Valuation

Is ANAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ANAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
฿0.19
Fair Value
230.9% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: ANAN (THB0.63) is trading above our estimate of fair value (THB0.19)

Significantly Below Fair Value: ANAN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ANAN?

Key metric: As ANAN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ANAN. This is calculated by dividing ANAN's market cap by their current earnings.
What is ANAN's PE Ratio?
PE Ratio47.7x
Earnings฿55.07m
Market Cap฿2.62b

Price to Earnings Ratio vs Peers

How does ANAN's PE Ratio compare to its peers?

The above table shows the PE ratio for ANAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
NOBLE Noble Development
7.9xn/a฿3.4b
A5 Asset Five Group
6.1xn/a฿2.8b
UV Univentures
40.2xn/a฿2.1b
TITLE Rhom Bho Property
35.3xn/a฿3.2b
ANAN Ananda Development
47.7x2.3%฿2.6b

Price-To-Earnings vs Peers: ANAN is expensive based on its Price-To-Earnings Ratio (47.7x) compared to the peer average (22.4x).

Price to Earnings Ratio vs Industry

How does ANAN's PE Ratio compare vs other companies in the TH Real Estate Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WORLD World Corporation
1.8xn/aUS$4.34m
No more companies available in this PE range
ANAN 47.7xIndustry Avg. 11.0xNo. of Companies9PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ANAN is expensive based on its Price-To-Earnings Ratio (47.7x) compared to the TH Real Estate industry average (11x).

Price to Earnings Ratio vs Fair Ratio

What is ANAN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ANAN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.7x
Fair PE Ratio4.4x

Price-To-Earnings vs Fair Ratio: ANAN is expensive based on its Price-To-Earnings Ratio (47.7x) compared to the estimated Fair Price-To-Earnings Ratio (4.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ANAN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿0.63
฿0.62
-1.1%
14.1%฿0.70฿0.50n/a3
Mar ’26฿0.43
฿0.62
+45.0%
14.1%฿0.70฿0.50n/a3
Feb ’26฿0.50
฿0.69
+38.0%
2.0%฿0.70฿0.67n/a3
Jan ’26฿0.60
฿0.69
+15.0%
2.0%฿0.70฿0.67n/a3
Dec ’25฿0.68
฿0.69
+1.5%
2.0%฿0.70฿0.67n/a3
Nov ’25฿0.73
฿0.69
-5.5%
2.0%฿0.70฿0.67n/a3
Oct ’25฿0.80
฿0.69
-13.8%
2.0%฿0.70฿0.67n/a3
Sep ’25฿0.70
฿0.69
-1.4%
2.0%฿0.70฿0.67n/a3
Aug ’25฿0.60
฿0.72
+20.0%
3.0%฿0.75฿0.70n/a3
Jul ’25฿0.65
฿0.72
+10.8%
3.0%฿0.75฿0.70n/a3
Jun ’25฿0.77
฿0.72
-6.5%
3.0%฿0.75฿0.70n/a3
May ’25฿0.81
฿0.70
-13.0%
0.7%฿0.71฿0.70n/a2
Apr ’25฿0.86
฿0.70
-18.0%
0.7%฿0.71฿0.70n/a2
Mar ’25฿0.85
฿0.66
-22.4%
6.1%฿0.70฿0.62฿0.432
Feb ’25฿0.83
฿0.96
+15.7%
35.4%฿1.30฿0.62฿0.502
Jan ’25฿0.77
฿0.89
+14.9%
29.9%฿1.15฿0.62฿0.602
Dec ’24฿0.73
฿1.02
+40.2%
28.5%฿1.30฿0.62฿0.683
Nov ’24฿0.75
฿1.07
+43.1%
29.9%฿1.30฿0.62฿0.733
Oct ’24฿0.73
฿1.07
+47.0%
29.9%฿1.30฿0.62฿0.803
Sep ’24฿0.79
฿1.07
+35.9%
29.9%฿1.30฿0.62฿0.703
Aug ’24฿0.84
฿1.07
+27.8%
29.9%฿1.30฿0.62฿0.603
Jul ’24฿0.88
฿1.23
+40.2%
7.6%฿1.30฿1.10฿0.653
Jun ’24฿1.02
฿1.31
+28.4%
1.1%฿1.33฿1.30฿0.773
May ’24฿1.17
฿1.31
+12.0%
1.1%฿1.33฿1.30฿0.813
Apr ’24฿1.25
฿1.32
+5.8%
1.9%฿1.36฿1.30฿0.864
Mar ’24฿1.36
฿1.35
-1.1%
3.7%฿1.42฿1.30฿0.854
Analyst Price Target
Consensus Narrative from 3 Analysts
฿0.62
Fair Value
1.1% overvalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/21 21:49
End of Day Share Price 2025/03/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Ananda Development Public Company Limited is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Therdsak ThaveeteerathamAsia Plus Securities Company Limited
Tricia SongBarclays
Kwok Yi LouieBarclays