Noble Development (SET:NOBLE) - Stock Price, News & Analysis

NOBLE Stock Overview

Noble Development Public Company Limited, together with its subsidiaries, develops and sells real estate properties in Thailand.

About the company

NOBLE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	2/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (5.6x) is below the TH market (16.2x)

Earnings grew by 100.1% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 14.6% per year for the next 3 years

Dividend of 10.73% is not well covered by cash flows

Large one-off items impacting financial results

Noble Development Public Company Limited Competitors

Lalin Property

SET:LALIN

฿6.9b

Sena Development

SET:SENA

฿4.2b

L.P.N. Development

SET:LPN

฿5.1b

Asset Five Group

SET:A5

฿4.1b

Price History & Performance

Summary of all time highs, changes and price drops for Noble Development
Historical stock prices
Current Share Price	฿3.72
52 Week High	฿4.76
52 Week Low	฿3.46
Beta	0.55
1 Month Change	0%
3 Month Change	-3.63%
1 Year Change	-20.17%
3 Year Change	-58.20%
5 Year Change	-40.95%
Change since IPO	-66.18%

Recent updates

Shareholder Returns

	NOBLE	TH Real Estate	TH Market
7D	0.5%	1.8%	0.8%
1Y	-20.2%	-11.5%	-10.5%

Return vs Industry: NOBLE underperformed the TH Real Estate industry which returned -11.5% over the past year.

Return vs Market: NOBLE underperformed the TH Market which returned -10.5% over the past year.

Price Volatility

Is NOBLE's price volatile compared to industry and market?
NOBLE volatility
NOBLE Average Weekly Movement	2.2%
Real Estate Industry Average Movement	4.0%
Market Average Movement	4.1%
10% most volatile stocks in TH Market	9.1%
10% least volatile stocks in TH Market	2.2%

Stable Share Price: NOBLE has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1991	n/a	Thongchai Busrapan	www.noblehome.com

Noble Development Public Company Limited, together with its subsidiaries, develops and sells real estate properties in Thailand. It offers construction, rental and service, and construction consulting services. The company was founded in 1991 and is headquartered in Bangkok, Thailand.

Noble Development Public Company Limited Fundamentals Summary

How do Noble Development's earnings and revenue compare to its market cap?
NOBLE fundamental statistics
Market cap	฿5.09b
Earnings (TTM)	฿910.43m
Revenue (TTM)	฿9.05b

5.6x

P/E Ratio

0.6x

P/S Ratio

Is NOBLE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOBLE income statement (TTM)
Revenue	฿9.05b
Cost of Revenue	฿6.77b
Gross Profit	฿2.28b
Other Expenses	฿1.37b
Earnings	฿910.43m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.66
Gross Margin	25.24%
Net Profit Margin	10.06%
Debt/Equity Ratio	244.3%

How did NOBLE perform over the long term?

See historical performance and comparison

Dividends

10.7%

Current Dividend Yield

60%

Payout Ratio

Does NOBLE pay a reliable dividends?

See NOBLE dividend history and benchmarks

When do you need to buy NOBLE by to receive an upcoming dividend?
Noble Development dividend dates
Ex Dividend Date	May 03 2024
Dividend Pay Date	May 24 2024
Days until Ex dividend	1 day
Days until Dividend pay date	22 days

Does NOBLE pay a reliable dividends?

See NOBLE dividend history and benchmarks

NOBLE Stock Overview

Rewards

Risk Analysis

Noble Development Public Company Limited Competitors

SET:LALIN

฿6.9b

SET:SENA

฿4.2b

SET:LPN

฿5.1b

SET:A5

฿4.1b

Price History & Performance

Recent News & Updates

Noble Development Public Company Limited Approves Cash Dividend for the Operating Result of the Period from 01 October, 2023 to 31 December, 2023, Payable on May 24, 2024

New minor risk - Earnings quality

Insufficient new directors

Full year 2023 earnings: EPS and revenues miss analyst expectations

Noble Development Public Company Limited, Annual General Meeting, Apr 25, 2024

Upcoming dividend of ฿0.20 per share at 4.1% yield

Recent updates

Noble Development Public Company Limited Approves Cash Dividend for the Operating Result of the Period from 01 October, 2023 to 31 December, 2023, Payable on May 24, 2024

New minor risk - Earnings quality

Insufficient new directors

Full year 2023 earnings: EPS and revenues miss analyst expectations

Noble Development Public Company Limited, Annual General Meeting, Apr 25, 2024

Upcoming dividend of ฿0.20 per share at 4.1% yield

Noble Development Public Company Limited Announces CFO Changes

Noble Development Public Company Limited Announces CFO Changes

Noble Development Public Company Limited Announces Cash Dividend for Operating Period from 01-July-2023 to 30-September-2023, Payable on February 15, 2024

Third quarter 2023 earnings released: EPS: ฿0.39 (vs ฿0.11 in 3Q 2022)

Upcoming dividend of ฿0.081 per share at 4.8% yield

Consensus revenue estimates fall by 13%

First quarter 2023 earnings released

Upcoming dividend of ฿0.20 per share at 4.1% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued

Price target increased to ฿6.05

High number of new directors

Price target increased to ฿6.05

Second quarter 2022 earnings released: ฿0.014 loss per share (vs ฿0.22 profit in 2Q 2021)

BTS Group Holdings Public Company Limited (SET : BTS) acquired RC Area Company Limited from Noble Development Public Company Limited (SET : NOBLE) for TBH 199 million.

Consensus EPS estimates fall by 12%

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of ฿0.08 per share

Price target decreased to ฿5.70

High number of new and inexperienced directors

Noble Development Public Company Limited (SET:NOBLE) acquired a 50% stake in Khu Khot Station Alliance Company Limited from U City Public Company Limited (SET:U) for approximately THB 600 million.

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues miss analyst expectations

Noble Development Public Company Limited Announces Dividend of the Operating Result July 1, 2021 to December 31, 2021, Payable on May 26, 2022

Third quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.38 in 3Q 2020)

Price target decreased to ฿8.95

Upcoming dividend of ฿0.35 per share

Second quarter 2021 earnings released: EPS ฿0.22 (vs ฿0.22 in 2Q 2020)

Noble Development Public Company Limited (SET:NOBLE) and U City Public Company Limited (SET:U) acquired Future Domain Company Limited for THB 2.3 billion.

First quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.30 in 1Q 2020)

Investor sentiment deteriorated over the past week

Upcoming dividend of ฿0.50 per share

Noble Development Public Company Limited Approves Dividend for the Year 2020, Payable on May 27, 2021

New 90-day high: ฿8.60

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS ฿1.37 (vs ฿2.24 in FY 2019)

Noble Development Public Company Limited, Annual General Meeting, Apr 28, 2021

Noble Development Public Company Limited (SET:NOBLE) completed the acquisition of a 20% stake in SWP Asset Management Co., Ltd. from Srisawad Corporation Public Company Limited (SET:SAWAD).

New 90-day high: ฿22.80

Third quarter 2020 earnings released: EPS ฿1.15

New 90-day high: ฿20.50

New 90-day high: ฿20.00

New 90-day high: ฿14.90

New 90-day high - ฿14.30

Upcoming Dividend of ฿1.10 Per Share

New 90-day high - ฿12.40

First half earnings released

Shareholder Returns

Price Volatility

About the Company

Noble Development Public Company Limited Fundamentals Summary

5.6x

0.6x