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

AP is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (10.3x).

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

AP is good value based on its Price-To-Earnings Ratio (5.4x) compared to the TH Real Estate industry average (15x).

What is AP'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.

AP is good value based on its Price-To-Earnings Ratio (5.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).

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

AP (THB8.7) is trading above our estimate of [[fair value]] (THB5.81)

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

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

AP (Thailand) (SET:AP) - Stock Price, News & Analysis

AP Stock Overview

Engages in the real estate development business in Thailand. More details

AP fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	4/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (5.4x) is below the TH market (14.8x)

Earnings are forecast to grow 7.16% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 28.9%

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 8.05% is not well covered by free cash flows

AP (Thailand) Public Company Limited Competitors

Frasers Property (Thailand)

SET:FPT

฿29.7b

Sansiri

SET:SIRI

฿31.6b

Quality Houses

SET:QH

฿19.4b

Supalai

SET:SPALI

฿38.9b

Price History & Performance

Summary of all time highs, changes and price drops for AP (Thailand)
Historical stock prices
Current Share Price	฿8.70
52 Week High	฿11.80
52 Week Low	฿7.50
Beta	0.96
11 Month Change	-11.68%
3 Month Change	4.19%
1 Year Change	-21.62%
33 Year Change	-6.45%
5 Year Change	29.85%
Change since IPO	-36.55%

Recent updates

Shareholder Returns

	AP	TH Real Estate	TH Market
7D	1.8%	0.6%	0.8%
1Y	-21.6%	-10.5%	3.1%

Return vs Industry: AP underperformed the TH Real Estate industry which returned -10.5% over the past year.

Return vs Market: AP underperformed the TH Market which returned 3.1% over the past year.

Price Volatility

Is AP's price volatile compared to industry and market?
AP volatility
AP Average Weekly Movement	4.2%
Real Estate Industry Average Movement	4.8%
Market Average Movement	4.8%
10% most volatile stocks in TH Market	10.3%
10% least volatile stocks in TH Market	2.4%

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

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

About the Company

Founded	Employees	CEO	Website
1984	n/a	Anuphong Assavabhokhin	www.apthai.com

AP (Thailand) Public Company Limited, together with its subsidiaries, engages in the real estate development business in Thailand. It operates in three segments: Low–Rise, High–Rise, and Other. The Low-rise segment is involved in development of single detached houses and townhouses.

AP (Thailand) Public Company Limited Fundamentals Summary

How do AP (Thailand)'s earnings and revenue compare to its market cap?
AP fundamental statistics
Market cap	฿27.37b
Earnings (TTM)	฿5.06b
Revenue (TTM)	฿37.49b

5.4x

P/E Ratio

0.7x

P/S Ratio

Is AP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AP income statement (TTM)
Revenue	฿37.49b
Cost of Revenue	฿24.02b
Gross Profit	฿13.48b
Other Expenses	฿8.41b
Earnings	฿5.06b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.61
Gross Margin	35.95%
Net Profit Margin	13.50%
Debt/Equity Ratio	78.8%

How did AP perform over the long term?

See historical performance and comparison

Dividends

8.0%

Current Dividend Yield

44%

Payout Ratio

AP Stock Overview

Rewards

Risk Analysis

AP (Thailand) Public Company Limited Competitors

SET:FPT

฿29.7b

SET:SIRI

฿31.6b

SET:QH

฿19.4b

SET:SPALI

฿38.9b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued

Price target decreased by 7.0% to ฿11.66

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Now 21% undervalued after recent price drop

New major risk - Earnings quality

Recent updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued

Price target decreased by 7.0% to ฿11.66

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Now 21% undervalued after recent price drop

New major risk - Earnings quality

First quarter 2024 earnings released: EPS: ฿0.32 (vs ฿0.47 in 1Q 2023)

AP (Thailand) Public Company Limited Approves the Dividend for the Year 2023, Payable on May 23, 2024

Dividend increased to ฿0.70

Full year 2023 earnings: EPS and revenues miss analyst expectations

AP (Thailand) Public Company Limited Proposes Dividend for the Year 2023, Payable on May 23, 2024

Now 21% undervalued after recent price drop

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations

AP (Thailand) Public Company Limited Announces Changing of Deputy Chief Financial Officer

First quarter 2023 earnings released: EPS: ฿0 (vs ฿0.55 in 1Q 2022)

Upcoming dividend of ฿0.65 per share at 5.2% yield

Full year 2022 earnings: EPS exceeds analyst expectations

Premium Residence Co., Ltd. agreed to acquire 99.99% stake in AP ME 20 Co., Ltd from AP (Thailand) Public Company Limited (SET:AP) for approximately THB 7 million.

Third quarter 2022 earnings: EPS exceeds analyst expectations

AP (Thailand) plc announces Board Appointments to Subsidiary Companies

AP (Thailand) Plc. Announces Board Appointments to Subsidiary Companies

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ฿0.50 per share

Price target increased to ฿12.12

Price target increased to ฿12.11

AP (Thailand) Public Company Limited, Annual General Meeting, Apr 28, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2021 earnings released: EPS ฿0.33 (vs ฿0.46 in 3Q 2020)

Second quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.39 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.45 (vs ฿0.20 in 1Q 2020)

Upcoming dividend of ฿0.45 per share

AP (Thailand) Public Company Limited Approves Dividend, Payable on May 27, 2021

New 90-day high: ฿8.20

Full year 2020 earnings released: EPS ฿1.34 (vs ฿0.97 in FY 2019)

Revenue and earnings beat expectations

AP (Thailand) Public Company Limited, Annual General Meeting, Apr 29, 2021

AP (Thailand) Public Company Limited Announces Dissolution of Subsidiary

Third quarter 2020 earnings released: EPS ฿0.46

Revenue and earnings beat expectations

New 90-day high: ฿6.55

Analysts increase revenue estimates to ฿24.7b

Earnings released

New 90-day high - ฿6.45

Shareholder Returns

Price Volatility

About the Company

AP (Thailand) Public Company Limited Fundamentals Summary

5.4x

0.7x

Earnings & Revenue

Dividends

8.0%

44%