Origin Property (SET:ORI) - Stock Price, News & Analysis

ORI Stock Overview

Engages in property development in Thailand.

ORI fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	0/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 63.2% below our estimate of its fair value

Earnings are forecast to grow 7.28% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (15%) are lower than last year (24.5%)

Large one-off items impacting financial results

Dividend of 9.39% is not well covered by free cash flows

Origin Property Public Company Limited Competitors

SC Asset Corporation

SET:SC

฿12.7b

Quality Houses

SET:QH

฿20.3b

Siamese Asset

SET:SA

฿9.1b

Pruksa Holding

SET:PSH

฿19.6b

Price History & Performance

Summary of all time highs, changes and price drops for Origin Property
Historical stock prices
Current Share Price	฿4.90
52 Week High	฿10.40
52 Week Low	฿3.98
Beta	0.93
11 Month Change	0.41%
3 Month Change	2.94%
1 Year Change	-50.51%
33 Year Change	-53.33%
5 Year Change	-33.78%
Change since IPO	111.97%

Recent updates

Shareholder Returns

	ORI	TH Real Estate	TH Market
7D	-3.0%	-0.1%	-0.9%
1Y	-50.5%	-6.4%	-1.1%

Return vs Industry: ORI underperformed the TH Real Estate industry which returned -6.4% over the past year.

Return vs Market: ORI underperformed the TH Market which returned -1.1% over the past year.

Price Volatility

Is ORI's price volatile compared to industry and market?
ORI volatility
ORI Average Weekly Movement	7.3%
Real Estate Industry Average Movement	5.0%
Market Average Movement	5.2%
10% most volatile stocks in TH Market	11.3%
10% least volatile stocks in TH Market	2.7%

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

Volatility Over Time: ORI's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2009	n/a	Peerapong Jaroon-Ek	origin.co.th

Origin Property Public Company Limited, together with its subsidiaries, engages in property development in Thailand. It sells land and house, and residential condominium units. The company also offers services relating to real estate; and invests in other companies.

Origin Property Public Company Limited Fundamentals Summary

How do Origin Property's earnings and revenue compare to its market cap?
ORI fundamental statistics
Market cap	฿12.03b
Earnings (TTM)	฿1.96b
Revenue (TTM)	฿13.08b

6.1x

P/E Ratio

0.9x

P/S Ratio

Is ORI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ORI income statement (TTM)
Revenue	฿13.08b
Cost of Revenue	฿7.72b
Gross Profit	฿5.36b
Other Expenses	฿3.39b
Earnings	฿1.96b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.80
Gross Margin	40.96%
Net Profit Margin	15.01%
Debt/Equity Ratio	173.2%

How did ORI perform over the long term?

See historical performance and comparison

Dividends

9.4%

Current Dividend Yield

38%

Payout Ratio

ORI Stock Overview

Rewards

Risk Analysis

Origin Property Public Company Limited Competitors

SET:SC

฿12.7b

SET:QH

฿20.3b

SET:SA

฿9.1b

SET:PSH

฿19.6b

Price History & Performance

Recent News & Updates

New minor risk - Share price stability

Investor sentiment improves as stock rises 15%

Price target decreased by 12% to ฿5.96

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

Consensus EPS estimates fall by 11%

Price target decreased by 7.4% to ฿6.60

Recent updates

New minor risk - Share price stability

Investor sentiment improves as stock rises 15%

Price target decreased by 12% to ฿5.96

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

Consensus EPS estimates fall by 11%

Price target decreased by 7.4% to ฿6.60

Price target decreased by 11% to ฿7.68

First quarter 2024 earnings released: EPS: ฿0.19 (vs ฿0.33 in 1Q 2023)

Consensus EPS estimates fall by 18%

Consensus revenue estimates fall by 16%

Origin Property Public Company Limited Announces Management Changes

Final dividend reduced to ฿0.30

Price target decreased by 7.3% to ฿9.88

Full year 2023 earnings: EPS and revenues miss analyst expectations

Origin Property Public Company Limited Proposes Dividend for the Latter Six-Month Period of 2023, Payable on 23 May 2024

New major risk - Revenue and earnings growth

Origin Property Public Company Limited (SET:ORI) acquired 2.94% stake in Netbay Public Company Limited (SET:NETBAY) from Pichit Viwatrujirapong for THB 99.9 million.

Origin Property Public Company Limited Announces Executive Changes, Effective on January 1, 2024

New major risk - Revenue and earnings growth

Price target decreased by 9.9% to ฿11.12

Third quarter 2023 earnings: EPS exceeds analyst expectations

Price target decreased by 9.4% to ฿12.34

Upcoming dividend of ฿0.16 per share at 6.9% yield

Origin Property Public Company Limited Announces Interim Dividend for Period from 01 January 2023 to 30 June 2023, Payable on 13 September 2023

Second quarter 2023 earnings released: EPS: ฿0.36 (vs ฿0.47 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.33 (vs ฿0.30 in 1Q 2022)

Upcoming dividend of ฿0.57 per share at 6.1% yield

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Consensus forecasts updated

Upcoming dividend of ฿0.15 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Origin Property Public Company Limited Approves Interim Dividend for Six-Month of 2022, Payable on 13 September 2022

Consensus forecasts updated

First quarter 2022 earnings: Revenues exceed analyst expectations

Upcoming dividend of ฿0.42 per share

Less than half of directors are independent

Origin Property Public Company Limited Approves Dividend, Payment Date Is 24 May 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Origin Property Public Company Limited, Annual General Meeting, Apr 29, 2022

Third quarter 2021 earnings released: EPS ฿0.29 (vs ฿0.29 in 3Q 2020)

Price target increased to ฿11.16

Upcoming dividend of ฿0.12 per share

Second quarter 2021 earnings released: EPS ฿0.35 (vs ฿0.29 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.34 (vs ฿0.24 in 1Q 2020)

Origin Property Public Company Limited Announces Dividend for Three Months 2020, Payable 18 May 2021

Upcoming dividend of ฿0.39 per share

Price target increased to ฿8.67

Analysts lower revenue estimates to ฿13.2b

Price target raised to ฿8.07

Origin Property Public Company Limited, Annual General Meeting, Apr 29, 2021

Full year 2020 earnings released: EPS ฿1.09 (vs ฿1.24 in FY 2019)

Revenue and earnings miss expectations

New 90-day low: ฿7.10

Origin Property Public Company Limited Announces Appointment of the Company's Management and the Corporate Governance Committee

Analysts update estimates

Upcoming Dividend of ฿0.10 Per Share

New 90-day high: ฿8.05

Analysts increase EPS estimates to ฿1.16