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

ASW is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (13.7x).

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

ASW is good value based on its Price-To-Earnings Ratio (4x) compared to the TH Real Estate industry average (15x).

What is ASW'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.

ASW is good value based on its Price-To-Earnings Ratio (4x) compared to the estimated Fair Price-To-Earnings Ratio (6.7x).

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

ASW (THB8) is trading above our estimate of [[fair value]] (THB1.15)

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, but there are not enough analysts covering the stock to determine [[statistical confidence]] in agreement.

Assetwise (SET:ASW) - Stock Price, News & Analysis

ASW Stock Overview

Engages in the development and sale of real estate properties in Thailand. More details

ASW fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	5/6
Financial Health	4/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (4x) is below the TH market (14.8x)

Revenue is forecast to grow 6.63% per year

Earnings grew by 72% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 4.7% per year for the next 3 years

Unstable dividend track record

Assetwise Public Company Limited Competitors

Singha Estate

SET:S

฿6.2b

Siamese Asset

SET:SA

฿8.9b

Noble Development

SET:NOBLE

฿4.0b

SC Asset Corporation

SET:SC

฿12.1b

Price History & Performance

Summary of all time highs, changes and price drops for Assetwise
Historical stock prices
Current Share Price	฿8.00
52 Week High	฿8.50
52 Week Low	฿7.35
Beta	-0.12
11 Month Change	0.63%
3 Month Change	5.26%
1 Year Change	-4.76%
33 Year Change	-3.61%
5 Year Change	n/a
Change since IPO	-8.63%

Recent updates

Shareholder Returns

	ASW	TH Real Estate	TH Market
7D	-0.6%	0.6%	0.8%
1Y	-4.8%	-10.5%	3.1%

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

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

Price Volatility

Is ASW's price volatile compared to industry and market?
ASW volatility
ASW Average Weekly Movement	2.4%
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: ASW has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: ASW's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	n/a	Kromchet Vipanpong	assetwise.co.th

Assetwise Public Company Limited engages in the development and sale of real estate properties in Thailand. It develops low-rise and high-rise condominiums, and horizontal residential real estate projects, including single houses, townhomes, and home offices. The company also engages in the real estate development leasing; and real estate consignment and lease agency activities.

Assetwise Public Company Limited Fundamentals Summary

How do Assetwise's earnings and revenue compare to its market cap?
ASW fundamental statistics
Market cap	฿7.20b
Earnings (TTM)	฿1.78b
Revenue (TTM)	฿9.76b

4.0x

P/E Ratio

0.7x

P/S Ratio

Is ASW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASW income statement (TTM)
Revenue	฿9.76b
Cost of Revenue	฿5.80b
Gross Profit	฿3.96b
Other Expenses	฿2.18b
Earnings	฿1.78b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.98
Gross Margin	40.60%
Net Profit Margin	18.29%
Debt/Equity Ratio	151.0%

How did ASW perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

13%

Payout Ratio

ASW Stock Overview

Rewards

Risk Analysis

Assetwise Public Company Limited Competitors

SET:S

฿6.2b

SET:SA

฿8.9b

SET:NOBLE

฿4.0b

SET:SC

฿12.1b

Price History & Performance

Recent News & Updates

New major risk - Revenue and earnings growth

Consensus revenue estimates increase by 10%

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: ฿0.66 (vs ฿0.18 in 2Q 2023)

First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.33 in 1Q 2023)

Upcoming dividend of ฿0.25 per share

Recent updates

New major risk - Revenue and earnings growth

Consensus revenue estimates increase by 10%

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: ฿0.66 (vs ฿0.18 in 2Q 2023)

First quarter 2024 earnings released: EPS: ฿0.28 (vs ฿0.33 in 1Q 2023)

Upcoming dividend of ฿0.25 per share

Dividend reduced to ฿0.25

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Assetwise Public Company Limited Proposes Dividend for the Year 2023, Payable on May 21, 2024

Third quarter 2023 earnings released: EPS: ฿0.19 (vs ฿0.22 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.18 (vs ฿0.32 in 2Q 2022)

Assetwise Public Company Limited has completed a Follow-on Equity Offering in the amount of THB 361.2 million.

New minor risk - Shareholder dilution

Assetwise Public Company Limited announced that it has received THB 361.2 million in funding

Assetwise Public Company Limited announced that it expects to receive THB 361.2 million in funding

Upcoming dividend of ฿0.52 per share at 6.0% yield

Third quarter 2022 earnings released: EPS: ฿0.22 (vs ฿0.18 in 3Q 2021)

Tokyo Tatemono Asia Pte. Ltd. acquired Wise Estate 7 Co.,Ltd. from Assetwise Public Company Limited (SET:ASW).

Assetwise Public Company Limited Appoints Siriporn Apasirikul as Senior Vice President Accounting

Assetwise Public Company Limited Appoints Siriporn Apasirikul as Senior Vice President Accounting

Second quarter 2022 earnings released: EPS: ฿0.32 (vs ฿0.32 in 2Q 2021)

First quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.51 in 1Q 2021)

Upcoming dividend of ฿0.40 per share

Assetwise Public Company Limited, Annual General Meeting, Apr 20, 2022

Assetwise Public Company Limited Approves to Propose Cash Dividend, Payable on May 5, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Takara Leben Co., Ltd. (TSE:8897) agreed to acquire 49% stake in Wise Estate 3 Co.,Ltd. from Assetwise Public Company Limited (SET:ASW) for THB 50 million.

First quarter 2021 earnings released: EPS ฿0.58 (vs ฿0.13 in 1Q 2020)

Shareholder Returns

Price Volatility

About the Company

Assetwise Public Company Limited Fundamentals Summary

4.0x

0.7x

Earnings & Revenue

Dividends

3.1%

13%