ORI Stock Overview

Engages in property development in Thailand. More details

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 70.1% below our estimate of its fair value

Earnings are forecast to grow 5.8% 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 (21.9%)

Large one-off items impacting financial results

Dividend of 8.97% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Origin Property Public Company Limited Competitors

Siamese Asset

SET:SA

฿9.0b

SC Asset Corporation

SET:SC

฿11.5b

Lalin Property

SET:LALIN

฿5.5b

Pruksa Holding

SET:PSH

฿17.4b

Price History & Performance

Summary of share price highs, lows and changes for Origin Property
Historical stock prices
Current Share Price	฿3.58
52 Week High	฿9.20
52 Week Low	฿3.56
Beta	1.02
1 Month Change	-15.17%
3 Month Change	-33.08%
1 Year Change	-57.63%
3 Year Change	-68.04%
5 Year Change	-48.49%
Change since IPO	54.87%

Recent updates

Shareholder Returns

	ORI	TH Real Estate	TH Market
7D	-7.7%	-4.2%	-4.7%
1Y	-57.6%	-18.5%	-3.4%

Return vs Industry: ORI underperformed the TH Real Estate industry which returned -18.5% over the past year.

Return vs Market: ORI underperformed the TH Market which returned -3.4% over the past year.

Price Volatility

Is ORI's price volatile compared to industry and market?
ORI volatility
ORI Average Weekly Movement	4.0%
Real Estate Industry Average Movement	4.1%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.9%
10% least volatile stocks in TH Market	2.1%

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 (4%) 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	฿8.79b
Earnings (TTM)	฿1.64b
Revenue (TTM)	฿10.97b

5.4x

P/E Ratio

0.8x

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	฿10.97b
Cost of Revenue	฿6.55b
Gross Profit	฿4.42b
Other Expenses	฿2.78b
Earnings	฿1.64b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.67
Gross Margin	40.30%
Net Profit Margin	14.96%
Debt/Equity Ratio	166.4%

How did ORI perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

48%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 04:15
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Origin Property Public Company Limited is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tanasead Pojkasemsin	Bualuang Securities PCL
Pornthipa Rayabsangduan	CGS International
Lik Hsin Aw	CGS International

ORI Stock Overview

Rewards

Risk Analysis

Origin Property Public Company Limited Competitors

SET:SA

฿9.0b

SET:SC

฿11.5b

SET:LALIN

฿5.5b

SET:PSH

฿17.4b

Price History & Performance

Recent News & Updates

Upcoming dividend of ฿0.021 per share

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

New minor risk - Share price stability

New minor risk - Share price stability

Investor sentiment improves as stock rises 15%

Price target decreased by 12% to ฿5.96

Recent updates

Upcoming dividend of ฿0.021 per share

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

New minor risk - Share price stability

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